Written by Peep Show creators Sam Bain and Jesse Armstrong, the show stars Joe Thomas, Jack Whitehall, Zawe Ashton, Greg McHugh and Charlotte Ritchie.
The second series concluded on Tuesday with an episode that saw the future of the house in doubt as the students looked set to go their separate ways.
On a Twitter a Channel 4 spokesperson told fans: “How can I put this? Yes there will be a series 3.”