Cheap Apartments for Rent in the Lakeview Neighborhood of Chicago, IL from $500 (286 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
3824 N Fremont, Unit 52
$1,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225
Studio Apartment Available Now

3824 N Fremont, Unit 52

3824 N FremontChicago, IL 60613
Affordability
close
View Me
544 W. Melrose
$1,260 - $2,192
Total Monthly Price

Total Monthly Price

Base Rent
$1,260 - $2,192
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

544 W. Melrose

544 W Melrose StChicago, IL 60657
Affordability
  • Verified
  • 3D Tour
  • Smoke Free
close
View Me
632 W. Addison
$1,274 - $3,047
Total Monthly Price

Total Monthly Price

Base Rent
$1,274 - $3,047
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

632 W. Addison

632-644 W Addison StChicago, IL 60613
Affordability
  • Verified
  • 3D Tour
  • Smoke Free

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

Read Article

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
515 W Belmont Ave
$1,325 - $1,995
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,995
Total Monthly Price
$1,325 - $1,995
Studio to 1 Bedroom Apartment Available Now

515 W Belmont Ave

515 W Belmont AveChicago, IL 60657
Affordability
close
View Me
3510 N. Pine Grove
$1,340 - $2,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,340 - $2,800
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Sep 1

3510 N. Pine Grove

3510 N Pine Grove AveChicago, IL 60657
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
739 W Belmont Ave
$1,350 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $1,395
Total Monthly Price
$1,350 - $1,395
Studio Apartment Available Sep 1

739 W Belmont Ave

739 W Belmont AveChicago, IL 60657
Affordability

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!

Read Article
close
View Me
1049 W. Oakdale
$1,354 - $2,070
Total Monthly Price

Total Monthly Price

Base Rent
$1,354 - $2,070
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Nov 1

1049 W. Oakdale

1049 W Oakdale AveChicago, IL 60657
Affordability
  • Verified
  • 3D Tour
  • Smoke Free
close
View Me
515 W. Briar
$1,387 - $2,249
Total Monthly Price

Total Monthly Price

Base Rent
$1,387 - $2,249
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Nov 1

515 W. Briar

515 W Briar PlChicago, IL 60657
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
711 W Belmont Ave
$1,395 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,450
Total Monthly Price
$1,395 - $1,450
Studio Apartment Available Sep 1

711 W Belmont Ave

711 W Belmont AveChicago, IL 60657
Affordability

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

Read Article
close
View Me
441 W. Barry
$1,412 - $2,930
Total Monthly Price

Total Monthly Price

Base Rent
$1,412 - $2,930
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Oct 1

441 W. Barry

441 W Barry AveChicago, IL 60657
Affordability
  • Verified
  • 3D Tour
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-50, Page 1 of 6

Lakeview, Chicago, IL Local Guide

Cheapest Available Lakeview Apartments for Rent

 

The cheapest available apartment rental in the Lakeview area of Chicago, IL is a Studio unit found at 721 W. Belmont priced from $1,135. 424 W. Diversey has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Lakeview apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
721 W. BelmontStudioStudio,1BA$1,135
424 W. DiverseyStudioStudio,1BA$1,195
Parkway ApartmentsStudio - Tier 3Studio,1BA$1,279

Best Value Apartments for Rent in Lakeview, IL

As of August 20, 2026 the best value apartment in the Lakeview area is the $1.85 price per square foot 1456 W Irving Park Rd Model at 1456 W Irving Park Rd, Unit # 01 in the in the Lakeview neighborhood starting from $4,250. The second greatest value Lakeview apartment is the 1456 W Irving Park Rd Model at 1456 W Irving Park Rd, Unit 1 starting at $4,150 with a $1.80 price per square foot in the Lakeview neighborhood. Here is today’s list of the best values for Lakeview apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1456 W Irving Park Rd, Unit # 011456 W Irving Park Rd4BR,2BA$1.85
1456 W Irving Park Rd, Unit 11456 W Irving Park Rd4BR,2BA$1.80
1320 W Diversey Pky, Unit 31320 W Diversey Pky3BR,2BA$2.29
1437 W Oakdale Ave, Unit 21437 W Oakdale Ave3BR,2BA$2.25
652 W Gordon Ter, Unit 1E652 W Gordon Ter2BR,2BA$2.20
1210 W Montrose Ave1210 W Montrose Ave3BR,1BA$2.23
900 W Montrose Ave905 Agatite - 2 bed den2BR,1BA$2.00
Times Square Apartments2 Bedrooms Floor Plan B32BR,1BA$2.06
632 W. Addison1-BR/1BA1BR,1BA$2.14
618 W Patterson, Unit 508618 W PattersonStudio ,1BA$2.21

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.

Read Article
Decorative image

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

Read Article

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

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lakeview, Chicago, IL

Ranked #5

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Lakeview, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Illinois, including Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lakeview Apartments

What is the Cheapest Studio apartment in Lakeview?

Currently the most affordable Cheap Studio Apartment in Lakeview is at 721 W. Belmont listed at $1,135.

How much is rent for a Cheap One Bedroom Lakeview Apartment?

The lowest price for a Cheap One Bedroom Lakeview Apartment is $1,575 at 4180 Marine Terrace Apartments.

What is the lowest price for a Cheap Two Bedroom Lakeview Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakeview is starting from $2,179 at Times Square Apartments.

What is the most affordable Lakeview Three Bedroom Apartment?

The best deal on a cheap Lakeview Three Bedroom Apartment rental is at 3912-28 N. Pine Grove and starts from $2,995.

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

decorative image for The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago article

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.