Cheap Apartments for Rent in the Lakeview East Neighborhood of Chicago, IL from $800 (384 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakeview East area of Chicago.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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515 W Belmont Ave
$1,325 - $1,550
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$1,325 - $1,550
Total Monthly Price
$1,325 - $1,550
Studio Apartment Available Now

515 W Belmont Ave

515 W Belmont AveChicago, IL 60657
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739 W Belmont Ave
$1,325 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,395
Total Monthly Price
$1,325 - $1,395
Studio Apartment Available Now

739 W Belmont Ave

739 W Belmont AveChicago, IL 60657
Affordability

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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Lakeview East, Chicago, IL Local Guide

Cheapest Available Lakeview East Apartments for Rent

 

The cheapest available apartment rental in the Lakeview East area of Chicago, IL is a Studio unit found at 424 W. Diversey priced from $1,125. 596 W. Hawthorne has the second lowest priced unit, which is a Studio apartment currently listed from $1,142. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,125
596 W. HawthorneSTUD/1BAStudio,1BA$1,142
721 W. BelmontStudioStudio,1BA$1,145
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,210
536 W. AddisonSTUD/1BAStudio,1BA$1,268
2970 N SheridanS2Studio,1BA$1,289
534 W. Wellington AveStudioStudio,1BA$1,300

Best Value Apartments for Rent in Lakeview East, IL

As of June 08, 2026 the best value apartment in the Lakeview East area is the $1.96 price per square foot 3513 North Reta Avenue Model at 3513 North Reta Avenue, Unit Apt 1 in the in the Lakeview neighborhood starting from $5,500. The second greatest value Lakeview East apartment is the 625 W Belmont Ave Model at 625 W Belmont Ave starting at $3,500 with a $2.33 price per square foot in the Lakeview neighborhood. Here is today’s list of the best values for Lakeview East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3513 North Reta Avenue, Unit Apt 13513 North Reta Avenue4BR,3BA$1.96
625 W Belmont Ave625 W Belmont Ave3BR,2BA$2.33
912 W Newport Ave912 W Newport Ave3BR,2BA$2.33
625 W Belmont Ave625 W Belmont Ave3BR,2BA$2.33
2254 N Southport Ave, Unit 22254 N Southport Ave2BR,1BA$2.18
Barry Quad2BR/1.0BA2BR,1BA$2.27
730 W Roscoe St, Unit A05C730 W Roscoe St2BR,1BA$2.40
723 W Barry Ave, Unit A3723 W Barry Ave1BR,1BA$2.37
618 W Patterson, Unit 508618 W PattersonStudio ,1BA$2.04
534 W. Wellington AveStudioStudio ,1BA$2.36

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in areas across the United States, including Chicago. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lakeview East Apartments

What is the Cheapest Studio apartment in Lakeview East?

Currently the most affordable Cheap Studio Apartment in Lakeview East is at 424 W. Diversey listed at $1,125.

How much is rent for a Cheap One Bedroom Lakeview East Apartment?

The lowest price for a Cheap One Bedroom Lakeview East Apartment is $1,331 at Parkway Apartments.

What is the lowest price for a Cheap Two Bedroom Lakeview East Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakeview East is starting from $2,100 at 656 W Belden Ave.

What is the most affordable Lakeview East Three Bedroom Apartment?

The best deal on a cheap Lakeview East Three Bedroom Apartment rental is at 2850 N. Sheridan and starts from $3,095.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.