Zumper
modified
9 Hours Ago

Highlights

  • Spacious bedrooms
  • Gated community
  • Three spacious bedrooms
  • In-house laundry facility
  • Secure gated community
  • Readily available parking

Location

3121 W Madison St, Chicago, IL 60612, USA|East Garfield Park
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Contact

Management

Atlas Asset Management

Leasing office

(312) 757-1686

Property Overview

Madison Terrace offers excellent value, with a 10/10 price rating and strong overall score of 8.3/10, placing it in the 75th percentile for both value for money and value per square foot in the area. Residents benefit from three spacious bedrooms, in-house laundry, secure gated access, readily available parking, and a convenient location rated 9/10, including proximity to a top-rated middle school.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Madison Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Madison Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • More space

Floor plans

2BR/1.0BA2 bed1 bath825+ sqft$1,695 /mo2 units availableWelcome to the this two bedroom unit in Garfield Park, a stunning apartment located in the vibrant city of Chicago, IL. This apartment offers two spacious bedrooms and a full bathroom, perfect for those who value comfort and convenience. The unit is part of a secure, gated community, providing an added layer of safety and peace of mind. For your convenience, parking is readily available, eliminating the stress of city parking. Additionally, the building offers an in-house laundry facility, making your weekly chores a breeze. Section 8 welcome. To book a showing, click here: https showmojo com d4fdccc0af l
3BR/1.0BA3 bed1 bath1,200+ sqft$1,860 /mo2 units availableWelcome to the this three bedroom unit in Garfield Park, a stunning apartment located in the vibrant city of Chicago, IL. This apartment offers three spacious bedrooms and a full bathroom, perfect for those who value comfort and convenience. The unit is part of a secure, gated community, providing an added layer of safety and peace of mind. For your convenience, parking is readily available, eliminating the stress of city parking. Additionally, the building offers an in-house laundry facility, making your weekly chores a breeze. Section 8 welcome. To book a showing, click here: https showmojo com d4fdccc0af l
3BR/1.5BA3 bed1.5 bath1,250 sqft$1,860 /mo1 unit availableWelcome to the this three bedroom unit in Garfield Park, a stunning apartment located in the vibrant city of Chicago, IL. This apartment offers three spacious bedrooms and a full bathroom, perfect for those who value comfort and convenience. The unit is part of a secure, gated community, providing an added layer of safety and peace of mind. For your convenience, parking is readily available, eliminating the stress of city parking. Additionally, the building offers an in-house laundry facility, making your weekly chores a breeze. Section 8 welcome. To book a showing, click here: https showmojo com d4fdccc0af l
3BR/2.0BA3 bed2 bath1,100 sqft$1,860 /mo1 unit availableWelcome to the this three bedroom unit in Garfield Park, a stunning apartment located in the vibrant city of Chicago, IL. This apartment offers three spacious bedrooms and a full bathroom, perfect for those who value comfort and convenience. The unit is part of a secure, gated community, providing an added layer of safety and peace of mind. For your convenience, parking is readily available, eliminating the stress of city parking. Additionally, the building offers an in-house laundry facility, making your weekly chores a breeze. To book a showing, click here: https showmojo com d4fdccc0af l

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Amenities for Madison Terrace

Other

ADA Accessible
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units84
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About Madison Terrace

HomeApartments in ChicagoEast Garfield Park Madison Terrace

Welcome to the this two bedroom unit in Garfield Park, a stunning apartment located in the vibrant city of Chicago, IL. This apartment offers two spacious bedrooms and a full bathroom, perfect for those who value comfort and convenience. The unit is part of a secure, gated community, providing an added layer of safety and peace of mind. For your convenience, parking is readily available, eliminating the stress of city parking. Additionally, the building offers an in-house laundry facility, making your weekly chores a breeze. Section 8 welcome. To book a showing, click here: https showmojo com d4fdccc0af l


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Madison Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Madison Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Madison Terrace
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Madison Terrace offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Madison Terrace is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Madison Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Madison Terrace does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Madison Terrace provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Madison Terrace compares to other nearby properties.

Positives

Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 0.5 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
More space
The 2-bedroom is 295 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Rent trends in East Garfield Park

If you decide to upgrade your space, you can expect 2-bedrooms at Madison Terrace to be 3% less than the average for similarly sized apartments in East Garfield Park.

3-bedroom apartments at Madison Terrace cost about 3% less than the average rent price for 3-bedroom apartments in East Garfield Park.

Median rents as of May 9 2026.
East Garfield Park
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
May 2024$1,760
June 2024$1,764
July 2024$1,931
August 2024$1,691
September 2024$1,682
October 2024$1,630
November 2024$1,568
December 2024$1,501
January 2025$1,483
February 2025$1,495
March 2025$1,520
April 2025$1,512
May 2025$1,502
June 2025$1,531
July 2025$1,580
August 2025$1,516
September 2025$1,473
October 2025$1,495
November 2025$1,520
December 2025$1,495
January 2026$1,496
February 2026$1,516
March 2026$1,657
April 2026$1,637
May 2026$1,672
A table of studio rental data trends in East Garfield Park
MonthMedian Rent
June 2024$950
July 2024$950
May 2025$1,243
June 2025$1,300
March 2026$995
April 2026$995

Affordability calculator

Can I afford to live at 3121 W Madison St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$67,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $67,800 annually to afford this 2-bedrooms monthly rent price of $1,695.
For more information on rent affordability, visit our rent calculator.

Schools near Madison Terrace

Faraday Elementary School

3250 w monroe st

chicago, IL, 60624

PK, K-8Public
C

Kellman Corporate Community Elementary School

3030 w arthington st

chicago, IL, 60612

PK, K-8Public
C-

Chicago Commons Nia Family Center

744 n monticello ave

chicago, IL, 60624

PKPublic

Rudolph Elementary Learning Center

1628 w washington blvd

chicago, IL, 60612

PK, K-7Public
C+

Chicago Commons Taylor Center for New Experiences

1633 north hamlin ave

chicago, IL, 60647

PKPublic
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Internet available near Madison Terrace

Getting around Chicago near 3121 W Madison St

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 3121 W Madison St, Chicago

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

4/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

10/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

3/10
Some bars within walking distance

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