
Cheap Homes for Rent in Lakeview East Neighborhood of Chicago, IL from $1,200 (240 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeview East area of Chicago.


2827 N Burling St, Unit 04, Unit 04

3711 N Pine Grove Ave

739 W Belmont Ave, Unit 409

739 W Belmont Ave, Unit 4

629 W Belmont Ave, Unit 904

515 W Belmont Ave, Unit 5L, Unit 5L

632 W Wrightwood Ave

739 W Belmont Ave, Unit 206

511 W Melrose St, Unit 311
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.

739 W Belmont Ave, Unit 308

629 W Belmont Ave, Unit 803

739 W Belmont Ave

505 W Belmont Ave, Unit 5

734 W Waveland Ave, Unit #03, Unit #03

516 W Melrose St, Unit 404, Unit 404

518 W Cornelia Ave, Unit 216

557 W Arlington Pl, Unit A08C, Unit A08C

540 W Wellington Ave, Unit 005

536 W Arlington Pl, Unit 210
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.

2827 N Burling St, Unit 303

425 W Roscoe St, Unit 5

2849 N Burling St, Unit 403

815 W Cornelia Ave, Unit 817A-306

705 W Brompton Ave

535 W Briar Pl, Unit 506

2827 N Burling St, Unit 303

2827 N Burling St, Unit 303

3710 N Pine Grove Ave, Unit 905

3710 N Pine Grove Ave, Unit 509
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.

3727 N Pine Grove Ave, Unit 405

3449 N Elaine Pl, Unit 407

516 W Melrose St

516 W Melrose St, Unit 206

516 W Melrose St, Unit 506

3449 N Elaine Pl, Unit 403

3710 N Pine Grove Ave

1034 W George St, Unit 103

1050 W George St, Unit 301

1050 W George St, Unit 301
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.

3727 N Pine Grove Ave, Unit 408

1140 W Wrightwood Ave

526 W Roscoe St

639 W Wrightwood Ave, Unit 107, Unit 107

516 W Cornelia Ave, Unit 518-315

518 W Cornelia Ave, Unit 315

544 W Wellington Ave, Unit 302

505 W Belmont Ave, Unit 1O

815 W Cornelia Ave, Unit 817-204

618 W Patterson Ave, Unit 902
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!
Lakeview East, Chicago, IL Local Guide

How much does it cost to rent a home in Lakeview East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeview East 2 Bedroom Homes for Rent | $3,675 | $2,200 | $9,700 |
| Lakeview East 3 Bedroom Homes for Rent | $4,788 | $3,200 | $10,000+ |
| Lakeview East 4 Bedroom Homes for Rent | $6,032 | $3,895 | $9,400 |
| Lakeview East 5 Bedroom Homes for Rent | $12,957 | $5,850 | $10,000+ |
| Lakeview East 6 Bedroom Homes for Rent | $23,750 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 240 rentals with your search options within a 1 mile radius of the Lakeview East Neighborhood of Chicago, IL.
Explore Chicago
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 $1,145. 721 W. Belmont 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 424 W. Diversey | Studio | Studio,1BA | $1,145 |
| 721 W. Belmont | Studio | Studio,1BA | $1,145 |
| Parkway Apartments | Studio - Tier 9 | Studio,1BA | $1,210 |
| 455 W. Wellington | STUD/1BA | Studio,1BA | $1,236 |
| 2970 N Sheridan | S2 | Studio,1BA | $1,289 |
| 534 W. Wellington Ave | Studio | Studio,1BA | $1,300 |
| 1049 W. Oakdale | STUD/1BA | Studio,1BA | $1,314 |
| 3616 N. Pine Grove Ave. | Studio | Studio,1BA | $1,325 |
Best Value Apartments for Rent in Lakeview East, IL
As of May 24, 2026 the best value apartment in the Lakeview East area is the $2.40 price per square foot 3721 N Clifton Ave Model at 3721 N Clifton Ave, Unit M03H in the in the Lakeview neighborhood starting from $6,000. The second greatest value Lakeview East apartment is the 3723 N Clifton Ave Model at 3723 N Clifton Ave, Unit J08P starting at $6,000 with a $2.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3721 N Clifton Ave, Unit M03H | 3721 N Clifton Ave | 4BR,3BA | $2.40 |
| 3723 N Clifton Ave, Unit J08P | 3723 N Clifton Ave | 4BR,3BA | $2.40 |
| 3247 N Seminary Ave, Unit 1A | 3247 N Seminary Ave | 4BR,3BA | $2.41 |
| 625 W Belmont Ave | 625 W Belmont Ave | 3BR,2BA | $2.33 |
| 3619 N Pine Grove Ave, Unit 2W | 3619 N Pine Grove Ave | 2BR,1BA | $1.87 |
| 1110 W Wolfram St, Unit G | 1110 W Wolfram St | 2BR,1BA | $2.35 |
| 665 W Melrose St, Unit E | 665 W Melrose St | 1BR,1BA | $2.44 |
| 723 W Barry Ave, Unit A3 | 723 W Barry Ave | 1BR,1BA | $2.37 |
| 618 W Patterson, Unit 508 | 618 W Patterson | Studio ,1BA | $2.04 |
| 534 W. Wellington Ave | Studio | Studio ,1BA | $2.36 |
Frequently Asked Questions about Lakeview East
What type of rentals are currently available in Lakeview East?
There are currently 1630 Apartments for Rent in Lakeview East, IL with pricing that ranges from $1,145 to $13,380. There are also 555 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview East ranging from $1,295 to $38,000.
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 $1,295 to $38,000 with an average monthly rent of $7,902.
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 $3,095 to $13,380, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $10,000. Four Bedroom Single-Family rentals are also available starting from $3,895 and Four Bedroom Apartments start at $4,250.
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

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.

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.

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.

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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.