3 Bedroom Apartments For Rent In Chicago

When it comes to finding the perfect place to call home in Chicago, a three-bedroom apartment offers the ideal balance of space, comfort, and flexibility. Whether you're a growing family, a group of roommates, or simply someone who enjoys having extra room to spread out, a three-bedroom rental can provide the perfect solution.

That said, it can also be a pretty expensive option, especially in a city with such a competitive housing market. There are many factors to consider, some obvious, others nuanced, and this article will help make your three-bedroom apartment search a more fruitful experience. From tips on credit scores and the best time to start searching to overviews on the most popular neighborhoods, their prices and perks, we cover all the bases so you can jump right into the fun stuff: searching for your new home! Let’s get into it!

Why Choose a Three-Bedroom Apartment?

When it comes to choosing the perfect apartment size, a three-bedroom rental offers a world of possibilities. For growing families, a three-bedroom provides ample space for everyone to have their own room, plus plenty of common areas for quality time together. And let's not forget about out-of-town guests (of which there will be many, with Chicago being such an amazing place to eat!) With a three-bedroom, you'll always have a comfortable place for them to stay without giving up your privacy.

Lately, one of the biggest perks of having extra rooms has been transforming one into a home office. With a three-bedroom rental, you can set up a productive workspace without taking up valuable social areas or feeling like you're always "at work." When the day is done, you can shut the office door and enjoy your home.

If you plan to live with roommates, a three-bedroom is the perfect solution. You can split the rent and utilities (giving you more options when searching) while still enjoying your private space. And with the extra square footage, you'll have plenty of room for hobbies, exercise equipment, social spaces, and storage without feeling cramped or cluttered.

And if you have kids in tow, the difference a three-bedroom can make could be a sanity saver! Now there’s room for their clothes, toys, and those all-important timeouts.

Chicago Neighborhoods with the Most Three-Bedroom Apartments

Three-bedroom apartments in Chicago are not as common as smaller rentals, but they are out there! The size and quality can vary widely depending on where you look, and the further from downtown you go, the more listings will pop up in your search results.

That said, if you're hunting for a spacious three-bedroom in the heart of the city, be prepared for some sticker shock. Neighborhoods like River North, Streeterville, and the Gold Coast are known for their luxurious high-rises and picturesque city views, but those perks come at a premium. You might have to sacrifice some square footage (and a good chunk of your paycheck) to snag a three-bedroom in these coveted areas.

If you're willing to venture a bit further from the downtown hustle and bustle, you'll find plenty of neighborhoods offering larger three-bedroom apartments at more affordable prices. Head north to neighborhoods like Lakeview, Lincoln Park, and Ravenswood, and you'll find a mix of vintage walkups and newer construction with plenty of space to spread out. These areas also have their own unique charms, from the tree-lined residential vibes of Lincoln Park to the cozy cafes and indie shops of Ravenswood.

For those who crave a bit more grit with their three-bedroom digs, neighborhoods like Wicker Park, Logan Square, and Humboldt Park are the way to go. These areas are known for their fun arts scenes, foodie-fave restaurants, and quirky vintage stores. You'll find plenty of converted lofts and funky flats with enough room for you and your roommates to live in harmony (or at least not kill each other over fridge space).

If you're bringing a family to the three-bedroom party, you might want to check out more residential neighborhoods like Lincoln Square, North Center, or Roscoe Village. These areas offer a perfect blend of city convenience and suburban charm, with spacious three-bedroom apartments, great schools, and plenty of parks and green spaces for the little ones to explore.

No matter which neighborhood you choose, finding the perfect three-bedroom apartment in Chicago is all about knowing your priorities and doing your research. With our helpful Guide for Moving to Chicago, you can dial in your budget and really fine-tune your search. This resource will prepare you for what to do when you find that perfect pad and helps demystify the renting process.

And if you're feeling overwhelmed by all the neighborhoods, don't forget to check out our Chicago Neighborhood guides. These insightful overviews will give you the lowdown on neighborhood vibes, public transit, entertainment, dining and shopping options, and plenty of other information to help you make an informed decision on which neighborhood best suits your lifestyle, needs, and budget.

When to Find Three-Bedroom Apartments in Chicago

Timing is everything when it comes to finding the perfect three-bedroom apartment in Chicago. The rental market in the Windy City can be competitive, especially for larger apartments like three-bedrooms. To improve your chances of finding the ideal place at the right price, you’ll need to start your search at the optimal time.

If you're planning to move during the peak rental season in Chicago, which typically runs from May through September, begin your three-bedroom apartment hunt early. Experts recommend starting your search at least 2-3 months in advance during these busy months. This will give you ample time to explore different neighborhoods, compare prices, and submit applications before the competition heats up.

For those looking to move during the off-peak months (October through April), you may have a bit more flexibility in your search timeline. Not only that, but landlords are often looking to quickly fill these spots, lest they remain vacant until the busy season and they lose money. To entice renters, they may offer discounts on move-in fees, lower security deposits, or even monthly discounts on rent.

Keep in mind that the best time to search for a three-bedroom apartment in Chicago may also depend on your specific needs and preferences. For example, if you're looking for a place near a particular school, you may want to start your search even earlier so the boxes are unpacked and the table is cleared for homework.

Lastly, don't forget to read our article, Understanding the Apartment Application Process. This will help you be primed and ready to apply the moment your dream apartment springs up on the page. By starting your search at the right time and utilizing Domu’s available resources, you'll be well on your way to finding the perfect three-bedroom apartment for you and your loved ones.

Affordable Three-Bedroom Apartments in Chicago Neighborhoods

• South Shore ($1,300-$1,900): This historic neighborhood on the city's South Side is a great choice for those who want lakefront living without the downtown price tag. You'll find spacious three-bedroom apartments in classic Chicago brick buildings, along with beautiful beaches, parks, and cultural attractions like the South Shore Cultural Center.
• Rogers Park ($2,200-$3,000): This neighborhood on the city's far north side is an ideal landing spot for budget-conscious renters. It’s nestled up right alongside the lake, has excellent public transportation, and eclectic mix of restaurants and shops. There’s even a beach (Loyola Beach)! Three-bedroom apartments in Rogers Park are affordable, family-friendly, and within walking distance to the lake.
• Albany Park ($1,800-$3,700): Known as the "Gateway to the World," this neighborhood is overflowing with a smorgasbord of cultures and cuisines. You'll find spacious three-bedroom apartments in Albany Park at affordable prices, along with parks, libraries, and a calendar packed with community events. If you have kids, The Albany Park Theater Project is a local institution where local youngsters can show off their talents.
• Pilsen ($2,100-$2,800): If you're looking for a neighborhood where your kids can let their inner artists reign free, Pilsen is the place for you. Murals are splashed proudly across buildings, setting a colorful backdrop for the street vendors who cook up Hispanic food that belongs in a Michelin-starred restaurant. This neighborhood is festive, fun, and inclusive, where your neighbors will become friends and every day is an adventure.
• Edgewater ($2,800-$3,500): With its beautiful lakefront views and classic Chicago architecture, Edgewater is a neighborhood that's easy on the eyes and the wallet. You'll find a mix of vintage and modern three-bedroom apartments in Edgewater at affordable prices, along with enough beaches, parks, and delicious restaurants to never get bored.
• Hyde Park ($2,900-$4,500): Home to the University of Chicago and the Museum of Science and Industry, Hyde Park is a magnet for students. That said, there are plenty of three-bedroom apartments in Hyde Park, most found within historic buildings, sitting on tree-lined streets, alongside beautiful parks, and within a charming community of scholars and artists.
• Irving Park ($2,100-$3,700): This quiet, residential neighborhood on the city's northwest side is a great choice for families or those who value a little extra space. With its large parks, excellent schools, and close-knit community feel, renting a three-bedroom apartment in Irving Park offers great vibes while staying close to the city’s energy.

Luxury Three-Bedroom Apartments in Chicago Neighborhoods

• Gold Coast ($5,200-$8,000+): Aptly named, the Gold Coast is packed with historic mansions, designer boutiques, and Michelin-starred restaurants. This neighborhood is where the city's elite come to play. Your three-bedroom apartment in Gold Coast will be dripping in opulence, with features like floor-to-ceiling windows, custom finishes, and 24-hour concierge service.
• River North ($5,2400-$8,000+): If you want to be where all the excitement is, River North rolls out the red carpet. This trendy neighborhood is known for its high-end art galleries, swanky nightclubs, and some of the best dining in the city. Your luxury three-bedroom apartment in River North will be a work of art itself, with designer touches, top-of-the-line appliances, and wild city views.
• Streeterville ($4,800-$7,800): This lakefront neighborhood is the perfect blend of luxury and leisure. With its sprawling parks, world-class museums, and endless shopping options, Streeterville is a neighborhood that has it all. If you want to live in a high-rise, your three-bedroom apartment in Streeterville will kiss the sky.
• Lincoln Park ($3,200-$6,600): This charming neighborhood is where luxury meets livability. Tree-lined streets shade historic homes, and with the massive Lincoln Park only a short walk from any doorway, this ‘burb is the perfect place to call home for those who love the outdoors. Excellent public transit makes needing a car a moot point, and with so much going on, there are very few reasons to venture out beyond its borders. Renting a three-bedroom apartment in Lincoln Park is a decision with very few drawbacks.
• West Loop ($4,900-$7,400): Formerly an industrial area, the West Loop is now the hottest neighborhood for new luxury apartments. With its converted warehouses, mouth-watering restaurants, and poppin’ nightlife scene, this is where the cool kids come to play. Your luxury three-bedroom apartment in the West Loop will be a true showstopper, with loft-style layouts, floor-to-ceiling windows, and rooftop decks with city views.
• Lakeshore East ($4,300-$6,500): This hidden gem of a neighborhood is the perfect escape from the hustle and bustle of the city. There are lush parks, quiet streets, and plenty of lake views to go around, making Lakeshore East a true urban oasis. Commuting is easy, but no matter where your three-bedroom in Lakeshore East is located, you’re within walking distance of some of the best attractions in Chicago. And if you like to sail, this is the place to do it!
• Chicago Loop ($4,800-$6,800): If you want to be in the heart of the city, this is it. All roads and most trains run into the Loop, and coupled with its iconic architecture, world-class museums, and endless entertainment options, The Loop is the ultimate experience in urban living. A three-bedroom apartment in the Loop could be in a brand-new skyscraper or a classic 19th-century building, but either way, it's going to be amazing.
• Wicker Park ($3,400-$5,500): This trendy neighborhood is where Chicago’s hippest folks live. Overflowing with cozy cafes, eclectic boutiques, and endless homegrown restaurants, this is a neighborhood that's always on the cutting edge. Your three-bedroom apartment in Wicker Park will put you front and center to some of the best food, drinks, and fun to be found in Chicago.

Different Styles of Three-Bedroom Apartments in Chicago

Vintage Three-bedroom Apartments: Step into the past with these spacious, historic three-bedroom apartments that blend architectural charm with modern perks. From intricate crown molding to gleaming hardwood floors, this style is for those who love originality. With plenty of room for growing families or roommates, these vintage rentals don’t last long.

Loft Three-bedroom Apartments: Live like an artist in these spacious, light-filled three-bedroom lofts. With tall ceilings, exposed brick walls, and oversized windows, these industrial-chic spaces make living, working, and entertaining incredibly easy. Whether you're an artist, entrepreneur, or simply appreciate an open floor plan, these lofts are the perfect place to let your imagination run wild.

Luxury Three-bedroom Apartments: Life in a luxury apartment offers the finest in amenities and views. Typically found in newer high-rises, your gourmet kitchen will have top-of-the-line appliances, your bathroom will feel like a trip to the spa, and every detail will be carefully curated for your comfort and enjoyment.

Three-bedroom Townhomes: Enjoy the best of both worlds with multi-level, three-bedroom townhomes, where each activity can take place on a different floor. Perfect for those with kids or roommates, those movie marathons will no longer interfere with work time when you have your home office on the second level. They often have private entrances, attached garages, and outdoor spaces, giving you a little more breathing room.

Three-bedroom High-Rise Apartments: Want to catch the sunset from your floor-ceiling bedroom windows? Not a problem here! With spacious floor plans, high-quality finishes, and excellent amenities like fitness centers and rooftop lounges, if you can afford to live the high life, then maybe you should. Whether you're a busy professional, a growing family, or simply appreciate the finer things in life, these apartments will make your friends green with envy.

Three-bedroom Houses: Often located further from downtown but with enough space that the extra commute time seems worth it, three-bedroom houses are a dream worth having. With a full-sized home all to yourself, you'll have plenty of room for family, friends, and a home office. Most often have unthinkable downtown perks, like a private yard, garage, and maybe even a fireplace. Once your boxes are unpacked, you'll feel like the king or queen of your own little castle.

Three-bedroom Coach Houses: Want the privacy of a house but with a little more charm and character? This is where the three-bedroom coach house steps onto the stage. Typically located behind a larger house or building, coach houses offer a cozy and secluded living space that's all your own. This rental style can be a bit harder to come by than your standard apartment or house, but that's part of what makes them so special. If you're lucky enough to snag one, you'll be treated to a unique living experience that's quintessentially Chicago.

Three-bedroom Short-Term Apartments: Need a place to crash in Chicago for a few months? A three-bedroom short-term apartment might be just what you're looking for. With flexible lease options ranging from a few weeks to a few months, short-term rentals offer a convenient and hassle-free way to live in the city without committing to a long-term lease. Of course, short-term rentals can be a bit pricier than your standard apartment, and the three-bedroom variety is harder to come by, but the added flexibility and convenience can be well worth it.

Understanding the Cost of Renting a Three-Bedroom Apartment in Chicago

Let's talk about the cost of renting a three-bedroom apartment in Chicago and what you need to know to make a smart decision. As experts in the Chicago rental market, we’ve seen our fair share of rental prices, and Domu is here to give you the inside scoop on what to expect and how to prepare.

Before we jump into the specifics, it's a good idea to see what you can afford. To do this, head over to the Domu Rent Calculator and enter your annual income. This will give you a few numbers, based on the rent-to-income ratio, of what your ideal rental ranges will be.

The rent-to-income ratio is a number that landlords use to determine if you can afford the apartment you're eyeing. A good rule of thumb is that your monthly rent shouldn't exceed 30% of your gross monthly income. So, if you and your roommates or family have a combined income of $6,000 per month, you should aim for a three-bedroom apartment that costs no more than $1,800. Of course, this is just a guideline, and everyone's financial situation is different, but it's a helpful starting point.

Now, let's talk about the importance of a good credit score. When you apply for a three-bedroom apartment in Chicago, landlords will typically run a credit check to see how financially responsible you are. A higher credit score tells them that you're more likely to pay your rent on time and take good care of the property. If you have a lower credit score, you might face some challenges when trying to rent your dream apartment. But don't worry, there are steps you can take to improve your credit, like paying your bills on time, keeping your credit card balances low, and disputing any errors on your credit report. For more tips, take a look at our Credit Score page, which will teach you all you need to know about how to check your credit score, different credit score ranges, and how to improve your credit score.

Okay, now that we've covered those important factors, let's get into the fun stuff: location and amenities! As mentioned earlier, some neighborhoods in Chicago, like Lincoln Park, Wicker Park, and the West Loop, tend to have higher rental prices for three-bedroom apartments. But if you're willing to explore some other areas like Rogers Park, Avondale, or Pilsen, you can often find more affordable options that still have plenty of local charm and easy access to public transportation.

Another thing to consider is the type of building you want to live in. Newer high-rises with all the fancy bells and whistles will usually come with a higher price tag, while older low-rise buildings with fewer amenities can be more budget-friendly. And don't forget about the condition of the apartment itself. A recently renovated unit with brand-new appliances and finishes will likely cost more than an older, more basic apartment.

What it all boils down to is this: finding the right three-bedroom apartment in Chicago is all about knowing your budget, understanding your needs and wants, and being open to exploring different options. Do your homework on the cost of an apartment, work on your credit score, and take a break for some pizza when needed. With a little persistence and a positive attitude, you'll find the perfect place to call home in no time!

Comparing the Cost of Two-Bedroom and Three-Bedroom Apartments in Chicago

Let’s just state the obvious and get that out of the way first: three-bedroom apartments are generally going to cost more than two-bedroom apartments. I know, I know, not exactly a groundbreaking revelation. However, the price difference between the two can change dramatically depending on location, amenities, the timing of your search, and the overall rental market.

That means with a little wiggle room, reducing your list of needs, staying open-minded, and searching during the best time of year (hint hint: winter), you might be able to upgrade to a three-bedroom without your finances going wild.

In some neighborhoods, like the always-popular Lincoln Park or the trendy West Loop, you might find that the cost of a three-bedroom apartment is substantially higher than a two-bedroom. But in other areas, like the more affordable Rogers Park, the price gap might be much smaller – maybe only a couple hundred bucks.

So, what does this mean for you? Well, if you're on a tight budget and don't mind getting a little cozy with your roommates or family members, a two-bedroom apartment could be the way to go. You'll save some cash each month, which means more money for deep-dish pizza, White Sox tickets, or whatever else floats your boat.

On the other hand, if you've got a little more wiggle room in your budget and value your personal space, a three-bedroom apartment could be worth the extra cost. With a third bedroom, you'll have the flexibility to use that extra room as a home office, guest room, or even a Cubs altar (whatever helps them win, right?!).

Our advice? Make a list of your non-negotiables (like location, in-unit laundry, or outdoor space) and your nice-to-haves (like a gym or a pool). Then, start scouring those apartment listings and scheduling tours. Don't be afraid to look at both two-bedroom and three-bedroom options; you might be surprised by what you find.

Ready to start your search for the perfect three-bedroom apartment in Chicago? Browse Domu’s extensive listings, explore detailed neighborhood guides, and discover renter resources to make your apartment hunt a success.