Cheap Homes for Rent in Lakeview Neighborhood of Chicago, IL from $900 (307 Rentals)

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

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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 Ashland Avenue Apartments priced from $975. 3834 N Sheffield has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here are the most affordable Lakeview apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Ashland Avenue ApartmentsStudio AStudio,1BA$975
3834 N SheffieldStudioStudio,1BA$1,095
424 W. DiverseyStudioStudio,1BA$1,095
721 W. BelmontStudioStudio,1BA$1,095
3838 N. BroadwayStudioStudio,1BA$1,145
534 W. Wellington AveStudioStudio,1BA$1,200
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,200
Park Wellington ApartmentsStudio Floor Plan S1Studio,1BA$1,200

Best Value Apartments for Rent in Lakeview, IL

As of July 25, 2025 the best value apartment in the Lakeview area is the $0.28 price per square foot 3852 N Southport Ave Model at 3852 N Southport Ave, Unit # 02 in the in the Lakeview neighborhood starting from $2,775. The second greatest value Lakeview apartment is the 4 Bed/2.5Bath Duplex Model at 1647 W Irving Park Rd starting at $6,500 with a $1.97 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.
3852 N Southport Ave, Unit # 023852 N Southport Ave2BR,1BA$0.28
1647 W Irving Park Rd4 Bed/2.5Bath Duplex4BR,2.5BA$1.97
1134 W Wellington Ave, Unit 2f1134 W Wellington Ave2BR,2BA$1.93
1421 W Hutchinson St, Unit 21421 W Hutchinson St2BR,1BA$1.71
1211 W Melrose St, Unit M02B1211 W Melrose St2BR,1BA$1.76
4408 N Hazel St, Unit G4408 N Hazel St2BR,1BA$1.74
829 W Cornelia Ave, Unit 2E829 W Cornelia Ave1BR,1BA$1.95
3706 N Wayne Ave, Unit G3706 N Wayne Ave1BR,1BA$1.89
3931 N Clarendon Ave, Unit 4053931 N Clarendon Ave1BR,1BA$1.72
Ashland Avenue ApartmentsStudio AStudio ,1BA$1.95

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Frequently Asked Questions about Lakeview

What type of rentals are currently available in Lakeview?

There are currently 2314 Apartments for Rent in Lakeview, IL with pricing that ranges from $975 to $9,072. There are also 984 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview ranging from $900 to $40,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeview ranges from $900 to $40,000 with an average monthly rent of $4,551.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeview range from $2,280 to $8,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $40,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,395.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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

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.