Cheap Apartments for Rent in the Lakeview East Neighborhood of Chicago, IL from $800 (428 Rentals)

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

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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 640 Briar priced from $1,100. 424 W. Diversey has the second lowest priced unit, which is a Studio apartment currently listed from $1,145. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
640 BriarStudioStudio,1BA$1,100
424 W. DiverseyStudioStudio,1BA$1,145
Park Wellington ApartmentsStudio Floor Plan S3Studio,1BA$1,160
422-24 MelroseS1Studio,1BA$1,169
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,200
534 W. Wellington AveStudioStudio,1BA$1,200
Beachwalk ApartmentsStudio Floor Plan S1Studio,1BA$1,221
721 W. BelmontStudioStudio,1BA$1,245

Best Value Apartments for Rent in Lakeview East, IL

As of August 19, 2025 the best value apartment in the Lakeview East area is the $0.18 price per square foot 957 W Cornelia Ave Model at 957 W Cornelia Ave, Unit # 01A in the in the Lakeview neighborhood starting from $1,795. The second greatest value Lakeview East apartment is the 2516 N Lincoln Ave Model at 2516 N Lincoln Ave, Unit # 03 starting at $1,800 with a $0.18 price per square foot in the Depaul 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.
957 W Cornelia Ave, Unit # 01A957 W Cornelia Ave1BR,1BA$0.18
2516 N Lincoln Ave, Unit # 032516 N Lincoln Ave1BR,1BA$0.18
1229 W Barry Ave, Unit George1229 W Barry Ave2BR,2BA$0.43
830 W Altgeld St, Unit #2830 W Altgeld St4BR,2BA$1.83
454 W Belden Ave, Unit 09454 W Belden Ave1BR,1BA$1.00
1133 W Cornelia Ave, Unit 11133 W Cornelia Ave2BR,2.5BA$1.58
1125 W Newport Ave, Unit M1125 W Newport Ave2BR,1.5BA$1.85
2919 N Racine Ave, Unit 22919 N Racine Ave3BR,2BA$1.53
3542 N Halsted St, Unit 33542 N Halsted St3BR,1BA$1.52
1300 W Barry Ave, Unit 2F1300 W Barry Ave1BR,1BA$1.89

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Pet Friendly Lifestyle
Lakeview East, Chicago, IL

Ranked #12

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Lakeview East Neighborhood in Chicago, IL

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

90 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

78 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lakeview East Apartments

What is a cheap apartment in Lakeview East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeview East is under $1,245.

What is the price of a cheap apartment in Lakeview East?

The cheapest apartment in Lakeview East is 534 W. Wellington Ave which is listed at $1,450, while the average apartment in Lakeview East costs $5,995.

What types of apartments are the cheapest in Lakeview East?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in Lakeview East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakeview East?

Cheap apartments in Lakeview East have an average cost of $120 which is $5,875 cheaper than the average rent for all rentals in Lakeview East.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.