
Cheap Homes for Rent in Lakeview Neighborhood of Chicago, IL from $900 (162 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeview area of Chicago.


Room in Shared 3 bed/1 bath home

968 W Cuyler Ave, Unit 305

948 W Cuyler Ave

948 W Cuyler Ave

948 W Cuyler Ave

3836 N Fremont St

3831 N Fremont St

3836 N Fremont St

3831 N Fremont St
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.

3836 N Fremont St

516 W Melrose St

661 W Sheridan Rd

750 W Cornelia Ave

511 W Melrose St

511 W Melrose St

516 W Melrose, Unit #111

1100 W Roscoe St

1100 W Roscoe St

501 W Belmont Ave
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.

2827 N Burling St, Unit 04

755 W Buena Ave

420 W Aldine Ave, Unit 520

3711 N Pine Grove Ave

4236 N Broadway

3836 N Fremont

3836 N Fremont St

505 W Belmont Ave

658 W Oakdale Ave

540 W Wellington Ave
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

816 W Waveland Ave

612 W Patterson Ave

3345 N Marshfield Ave

734 W Waveland Ave, Unit #03

611 W Patterson Ave, Unit #106

545 W Wellington Ave

434 W Wellington Ave

3449 N Elaine Pl

3727 N Pine Grove Ave

426 W Barry Ave, Unit 209
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.

3449 N Elaine Pl

3727 N Pine Grove Ave

3727 N Pine Grove Ave

3727 N Pine Grove Ave

3933 N Clarendon Ave

839 W Sheridan Rd

3933 N Clarendon Ave

540 W Roscoe St

540 W Roscoe St

612 W Patterson Ave
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.
Lakeview, Chicago, IL Local Guide

How much does it cost to rent a home in Lakeview?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeview 2 Bedroom Homes for Rent | $2,911 | $1,950 | $4,995 |
| Lakeview 3 Bedroom Homes for Rent | $5,528 | $950 | $10,000+ |
| Lakeview 4 Bedroom Homes for Rent | $6,451 | $3,895 | $10,000+ |
| Lakeview 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 162 rentals with your search options within a 2 mile radius of the Lakeview Neighborhood of Chicago, IL.
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Lakeview, Chicago, IL Local Guide
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Cheapest Available Lakeview Apartments for Rent
 The cheapest available apartment rental in the Lakeview area of Chicago, IL is a Studio unit found at The Annabelle Apartments priced from $888. 640 Briar has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Lakeview apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Annabelle Apartments | Studio Floor Plan S3 | Studio,1BA | $888 |
| 640 Briar | Studio | Studio,1BA | $1,075 |
| 424 W. Diversey | Studio | Studio,1BA | $1,125 |
| 3510 N. Pine Grove | STUD/1BA | Studio,1BA | $1,148 |
| 422-24 Melrose | S2 | Studio,1BA | $1,174 |
| Parkway Apartments | Studio - Tier 8 | Studio,1BA | $1,210 |
| 536 W. Addison | STUD/1BA | Studio,1BA | $1,210 |
Best Value Apartments for Rent in Lakeview, IL
As of February 23, 2026 the best value apartment in the Lakeview area is the $2.02 price per square foot 3637 N Paulina St Model at 3637 N Paulina St, Unit 1A in the in the Lakeview neighborhood starting from $3,950. The second greatest value Lakeview apartment is the 3637 N Paulina St Model at 3637 N Paulina St, Unit 1 starting at $3,350 with a $1.71 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3637 N Paulina St, Unit 1A | 3637 N Paulina St | 3BR,2BA | $2.02 |
| 3637 N Paulina St, Unit 1 | 3637 N Paulina St | 3BR,2BA | $1.71 |
| 4318 N Sheridan Rd, Unit 2 | 4318 N Sheridan Rd | 2BR,2BA | $1.75 |
| 1454 W School St, Unit A09C | 1454 W School St | 2BR,1BA | $1.71 |
| 4000 N Southport Ave, Unit 2N | 4000 N Southport Ave | 3BR,1BA | $2.14 |
| 1124 W Roscoe St, Unit G | 1124 W Roscoe St | 2BR,1BA | $2.00 |
| 902 W Montrose Ave, Unit A00C | 902 W Montrose Ave | 2BR,1BA | $2.00 |
| Park Shores | Two Bedroom | 2BR,1BA | $1.98 |
| 634 W. Cornelia | 1-BR/1BA | 1BR,1BA | $2.09 |
| 618 W Patterson Ave, Unit 508 | 618 W Patterson Ave | Studio ,1BA | $2.04 |
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 ArticleBest 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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleA 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 ArticleQuick 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.
Pet Friendly LifestyleLakeview, Chicago, IL
Ranked #4
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lakeview, Chicago, IL
Hawthorne Elementary Scholastic Academy
Lake View High School
Walt Disney Magnet School
School data provided by Great Schools
Frequently Asked Questions about Lakeview
What type of rentals are currently available in Lakeview?
There are currently 2191 Apartments for Rent in Lakeview, IL with pricing that ranges from $1,125 to $11,157. There are also 600 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview ranging from $950 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 $950 to $40,000 with an average monthly rent of $4,182.
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 $2,160 to $11,157, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $40,000. Four Bedroom Single-Family rentals are also available starting from $3,895 and Four Bedroom Apartments start at $3,800.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.