Cheap Homes for Rent in Lakeview Neighborhood of Chicago, IL from $700 (332 Rentals)

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

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.

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property at 739 W Belmont Ave

739 W Belmont Ave

ChicagoIL60657

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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property at 3831 N Fremont St

3831 N Fremont St

ChicagoIL60613

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.

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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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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 424 W. Diversey priced from $1,025. 3838 N. Broadway 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
424 W. DiverseyStudioStudio,1BA$1,025
3838 N. BroadwayStudioStudio,1BA$1,095
640 BriarStudioStudio,1BA$1,095
422-24 MelroseS1Studio,1BA$1,169
721 W. BelmontStudioStudio,1BA$1,195
534 W. Wellington AveStudioStudio,1BA$1,200
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,210
Park Wellington ApartmentsStudio Floor Plan S3Studio,1BA$1,218

Best Value Apartments for Rent in Lakeview, IL

As of September 13, 2025 the best value apartment in the Lakeview area is the $0.27 price per square foot 1450 W Byron St Model at 1450 W Byron St, Unit # 01 in the in the Lakeview neighborhood starting from $2,650. The second greatest value Lakeview apartment is the 3852 N Southport Ave Model at 3852 N Southport Ave, Unit # 02 starting at $2,750 with a $0.28 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.
1450 W Byron St, Unit # 011450 W Byron St2BR,1BA$0.27
3852 N Southport Ave, Unit # 023852 N Southport Ave2BR,1BA$0.28
1229 W Barry Ave, Unit George1229 W Barry Ave2BR,2BA$0.43
3637 N Paulina St, Unit #13637 N Paulina St3BR,2BA$1.71
3637 N Paulina St, Unit 13637 N Paulina St3BR,2BA$1.71
4318 N Sheridan Rd, Unit 24318 N Sheridan Rd2BR,2BA$1.75
3542 N Halsted St, Unit 33542 N Halsted St3BR,1BA$1.52
1454 W School St, Unit A09C1454 W School St2BR,1BA$1.71
831 W Cornelia Ave, Unit 1E831 W Cornelia Ave1BR,1BA$1.63
4180 Marine Terrace Apartments1BR/1.0BA1BR,1BA$1.66

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.

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Pet Friendly Lifestyle
Lakeview, Chicago, IL

Ranked #14

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lakeview, Chicago, IL

School data provided by Great Schools

Frequently Asked Questions about Lakeview

What type of rentals are currently available in Lakeview?

There are currently 2266 Apartments for Rent in Lakeview, IL with pricing that ranges from $1,025 to $27,078. There are also 843 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview ranging from $775 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 $775 to $40,000 with an average monthly rent of $4,375.

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 $2,270 to $25,833, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $40,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,695.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.