Cheap Homes for Rent in Lakeview Neighborhood of Chicago, IL from $1,200 (319 Rentals)

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

property at 3711 N Pine Grove Ave

$1,300 - $1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,800
Total Monthly Price
$1,300 - $1,800

Studio To 1 Bedroom Condos for Rent

Available Now

3711 N Pine Grove Ave

ChicagoIL60613

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 516 W Melrose St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

Studio, 1 Bath Condo for Rent

Available Now

516 W Melrose St, Unit 404, Unit 404

516 W Melrose St
ChicagoIL60657

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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property at 705 W Brompton Ave

$1,495 - $2,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,495 - $2,050
Total Monthly Price
$1,495 - $2,050

Studio To 1 Bedroom Condos for Rent

Available Now

705 W Brompton 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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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!

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Showing Results 1-50, Page 1 of 7

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 $1,145. 721 W. Belmont has the second lowest priced unit, which is a Studio apartment currently listed from $1,145. Here are the most affordable Lakeview apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,145
721 W. BelmontStudioStudio,1BA$1,145
3838 N. BroadwayStudioStudio,1BA$1,195
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,210
455 W. WellingtonSTUD/1BAStudio,1BA$1,236
Annabelle LLCStudio in East LakeviewStudio,1BA$1,250

Best Value Apartments for Rent in Lakeview, IL

As of May 26, 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 4318 N Sheridan Rd Model at 4318 N Sheridan Rd, Unit 2 starting at $2,800 with a $1.75 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.
3637 N Paulina St, Unit 1A3637 N Paulina St3BR,2BA$2.02
4318 N Sheridan Rd, Unit 24318 N Sheridan Rd2BR,2BA$1.75
1634 W Roscoe St1634 W Roscoe St3BR,2BA$2.31
3619 N Pine Grove Ave, Unit 2W3619 N Pine Grove Ave2BR,1BA$1.87
652 W Gordon Ter, Unit 1E652 W Gordon Ter2BR,2BA$2.20
625 W Belmont Ave625 W Belmont Ave3BR,2BA$2.33
Times Square Apartments2 Bedrooms Floor Plan B32BR,1BA$2.06
1448 W Fletcher St1448 W Fletcher St2BR,1BA$2.31
618 W Patterson, Unit 508618 W PattersonStudio ,1BA$2.04
1256 W Montrose Ave, Unit 1F1256 W Montrose AveStudio ,1BA$2.08

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.

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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

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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

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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.

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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 #5

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 2019 Apartments for Rent in Lakeview, IL with pricing that ranges from $1,145 to $11,498. There are also 660 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview ranging from $1,295 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 $1,295 to $40,000 with an average monthly rent of $7,063.

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 $2,500 to $11,498, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $40,000. Four Bedroom Single-Family rentals are also available starting from $3,895 and Four Bedroom Apartments start at $4,200.

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 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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.