Cheap Homes for Rent in Lakeview East Neighborhood of Chicago, IL from $1,200 (352 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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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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property at 425 W Roscoe St

425 W Roscoe St

ChicagoIL60657

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 424 W. Diversey priced from $1,095. 534 W. Wellington Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,095
534 W. Wellington AveStudioStudio,1BA$1,200
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,200
721 W. BelmontStudioStudio,1BA$1,245

Best Value Apartments for Rent in Lakeview East, IL

As of July 30, 2025 the best value apartment in the Lakeview East area is the $1.76 price per square foot 1211 W Melrose St Model at 1211 W Melrose St, Unit M02B in the in the Lakeview neighborhood starting from $2,200. The second greatest value Lakeview East apartment is the 630 W Cornelia Ave Model at 630 W Cornelia Ave, Unit C628-E2 starting at $2,595 with a $2.16 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.
1211 W Melrose St, Unit M02B1211 W Melrose St2BR,1BA$1.76
630 W Cornelia Ave, Unit C628-E2630 W Cornelia Ave2BR,1BA$2.16
531 W Aldine Ave, Unit 560-N1531 W Aldine Ave2BR,1BA$2.25
829 W Cornelia Ave, Unit 2E829 W Cornelia Ave1BR,1BA$1.95
1340 W Wellington Ave, Unit 31340 W Wellington Ave2BR,1BA$2.20
3523 N Racine Ave, Unit M05B3523 N Racine AveStudio ,1BA$2.10
3706 N Wayne Ave, Unit G3706 N Wayne Ave1BR,1BA$1.89
3527 N Broadway St, Unit M05B3527 N Broadway St1BR,1BA$2.19
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 1856 Apartments for Rent in Lakeview East, IL with pricing that ranges from $700 to $22,176. There are also 804 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview East ranging from $1,200 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 $1,200 to $17,000 with an average monthly rent of $4,953.

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 $2,695 to $13,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $6,730. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $2,950.

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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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.

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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.