Cheap Apartments for Rent in the Lakeview East Neighborhood of Chicago, IL from $800 (372 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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515 W Belmont Ave
$1,295 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,695
Total Monthly Price
$1,295 - $1,695
Studio Apartment Available Now

515 W Belmont Ave

515 W Belmont AveChicago, IL 60657
Affordability

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

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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739 W Belmont Ave
$1,350 - $2,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,195
Total Monthly Price
$1,350 - $2,195
Studio to 2 Bedroom Apartment Available Apr 1

739 W Belmont Ave

739 W Belmont AveChicago, IL 60657
Affordability

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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 721 W. Belmont priced from $1,095. 424 W. Diversey has the second lowest priced unit, which is a Studio apartment currently listed from $1,135. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
721 W. BelmontStudioStudio,1BA$1,095
424 W. DiverseyStudioStudio,1BA$1,135
3510 N. Pine GroveSTUD/1BAStudio,1BA$1,210
Parkway ApartmentsStudio - Tier 8Studio,1BA$1,210
450 W. MelroseSTUD/1BAStudio,1BA$1,239

Best Value Apartments for Rent in Lakeview East, IL

As of March 09, 2026 the best value apartment in the Lakeview East area is the $2.31 price per square foot 2735 4/3 Model at 2653-2743 N Wayne Ave in the in the Bucktown neighborhood starting from $5,500. The second greatest value Lakeview East apartment is the 3451 N Sheffield Ave Model at 3451 N Sheffield Ave, Unit G starting at $2,495 with a $2.27 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.
2653-2743 N Wayne Ave2735 4/34BR,3BA$2.31
3451 N Sheffield Ave, Unit G3451 N Sheffield Ave2BR,1BA$2.27
456 W Barry Ave, Unit A03C456 W Barry Ave1BR,1BA$2.26
3146 N Southport Ave, Unit G3146 N Southport Ave2BR,1BA$2.17
634 W. Cornelia1-BR/1BA1BR,1BA$2.09
2325 N Commonwealth Ave, Unit S2325 N Commonwealth AveStudio ,1BA$2.06
618 W Patterson Ave, Unit 508618 W Patterson AveStudio ,1BA$2.04
523 W Melrose St, Unit A02C523 W Melrose St1BR,1BA$2.21
2959 N Halsted St, Unit A00C2959 N Halsted St1BR,1BA$2.31
2957 N Halsted St, Unit A2957 N Halsted St1BR,1BA$2.31

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

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

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

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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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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 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 $1,239.

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

The cheapest apartment in Lakeview East is Parkway Apartments which is listed at $1,331, while the average apartment in Lakeview East costs $8,500.

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 8 regular apartments in Lakeview East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.