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.

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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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 $1,000. 500 W. Belmont has the second lowest priced unit, which is a Studio apartment currently listed from $1,140. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
640 BriarStudioStudio,1BA$1,000
500 W. BelmontStudioStudio,1BA$1,140
424 W. DiverseyStudioStudio,1BA$1,145
Parkway ApartmentsStudio - Tier 13Studio,1BA$1,210
Park Wellington ApartmentsStudio Floor Plan S3Studio,1BA$1,254

Best Value Apartments for Rent in Lakeview East, IL

As of January 15, 2026 the best value apartment in the Lakeview East area is the $0.25 price per square foot 628 W Roscoe St Model at 628 W Roscoe St, Unit 628-1N in the in the Lakeview neighborhood starting from $2,450. The second greatest value Lakeview East apartment is the 3229 N Kenmore Ave Model at 3229 N Kenmore Ave, Unit 3231-3 starting at $4,450 with a $0.45 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.
628 W Roscoe St, Unit 628-1N628 W Roscoe St2BR,1BA$0.25
3229 N Kenmore Ave, Unit 3231-33229 N Kenmore Ave2BR,2BA$0.45
830 W Altgeld St, Unit #2830 W Altgeld St4BR,2BA$1.97
913 W Belden Ave, Unit G913 W Belden Ave2BR,2BA$2.19
3449 N Sheffield Ave, Unit GDN3449 N Sheffield Ave2BR,2BA$1.91
1124 W Roscoe St, Unit G1124 W Roscoe St2BR,1BA$2.00
533 W Roscoe St, Unit #410533 W Roscoe St2BR,1BA$2.10
540 W Aldine Ave, Unit 3540 W Aldine Ave2BR,1BA$2.15
2961 N Halsted St, Unit A07C2961 N Halsted St2BR,2BA$2.11
2325 N Commonwealth Ave, Unit S2325 N Commonwealth AveStudio ,1BA$2.00

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Quick Rent Budget Calculator

How much rent can you afford?

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 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 $1,254.

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

The cheapest apartment in Lakeview East is Parkway Apartments which is listed at $1,307, while the average apartment in Lakeview East costs $5,900.

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 $152 which is $5,748 cheaper than the average rent for all rentals in Lakeview East.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!