Cheap Homes for Rent in Lakeview East Neighborhood of Chicago, IL from $1,200 (368 Rentals)

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

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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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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property at 425 W Roscoe St

425 W Roscoe St

ChicagoIL60657

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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Navigating the Rental Market: Tips for First-Time Renters

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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 $1,055. 424 W. Diversey has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
721 W. BelmontStudioStudio,1BA$1,055
424 W. DiverseyStudioStudio,1BA$1,075
Parkway ApartmentsStudio - Tier 3Studio,1BA$1,200
534 W. Wellington AveStudioStudio,1BA$1,200
596 W HawthorneStudioStudio,1BA$1,262

Best Value Apartments for Rent in Lakeview East, IL

As of June 17, 2025 the best value apartment in the Lakeview East area is the $0.43 price per square foot 1229 W Barry Ave Model at 1229 W Barry Ave, Unit George in the in the Lakeview neighborhood starting from $2,600. The second greatest value Lakeview East apartment is the 3345 N Clark St Model at 3345 N Clark St, Unit 3 starting at $5,750 with a $1.74 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.
1229 W Barry Ave, Unit George1229 W Barry Ave2BR,2BA$0.43
3345 N Clark St, Unit 33345 N Clark St5BR,2BA$1.74
3655 N Southport Ave, Unit G05C3655 N Southport Ave2BR,2BA$1.91
912 W Newport Ave, Unit 1912 W Newport Ave3BR,2BA$2.20
1246 W Diversey Pky, Unit J08P1246 W Diversey Pky1BR,1BA$1.83
1246 W Diversey Pky, Unit 2c1246 W Diversey Pky1BR,1BA$1.83
1246 W Diversey Pky, Unit 21246 W Diversey Pky1BR,1BA$1.83
3706 N Wayne Ave, Unit G3706 N Wayne Ave1BR,1BA$1.99
515 W Arlington Pl, Unit M07B515 W Arlington PlStudio ,1BA$2.04
534 W. Wellington AveStudioStudio ,1BA$2.18

Quick Rent Budget Calculator

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Frequently Asked Questions about Lakeview East

What type of rentals are currently available in Lakeview East?

There are currently 1834 Apartments for Rent in Lakeview East, IL with pricing that ranges from $1,055 to $15,285. There are also 861 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview East ranging from $1,270 to $17,000.

What is the current price range for Rental Homes in Lakeview East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeview East ranges from $1,270 to $17,000 with an average monthly rent of $4,892.

How much are larger Three and Four Bedroom Rentals in Lakeview East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeview East range from $2,270 to $13,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,795 to $9,800. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,900.

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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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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.