Advanced High-Strength Steels (AHSSs) are one of the most rapidly developing group of Fe-based metallic materials. Their excellent combination of high strength, ductility and formability is due to their complex microstructure and strain-induced martensitic transformation of metastable retained austenite (RA), which favors extra ductility of the sheet steels. A deformation temperature is one of the most important factors affecting the phase transformation behavior in these Fe–C–Mn–Al–Si systems. Therefore, the present study aimed at understanding the temperature-dependent phase transformations and structural phenomena in an advanced medium-Mn–Al-alloyed steel. The 3Mn steel was thermomechanically processed and subjected to tensile testing in a temperature range from 20°C to 200°C. The different extent of the strain-induced martensitic transformation and some softening phenomena of bainitic ferrite matrix were revealed using transmission electron microscopy and electron backscatter diffraction techniques. It was found that the thermal stability of RA is strongly dependent on the deformation temperature. Moreover, the dynamic recovery and carbide precipitation play a key role when the deformation temperature is increased to 140°C and higher temperatures.