Cheap Homes for Rent in Lakeview Neighborhood of Chicago, IL from $1,000 (324 Rentals)

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

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 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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 425 W Roscoe St

425 W Roscoe St

ChicagoIL60657

Lakeview - One of the Best Affordable Neighborhoods in Chicago

Named as one of the Best Affordable Neighborhoods to rent in Chicago by our Chicago, IL Local Expert Nicole Harms. See how it ranks!

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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. 424 W. Diversey 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
424 W. DiverseyStudioStudio,1BA$1,095
3838 N. BroadwayStudioStudio,1BA$1,095
3834 N SheffieldStudioStudio,1BA$1,095
721 W. BelmontStudioStudio,1BA$1,095
Parkway ApartmentsStudio - Tier 3Studio,1BA$1,200
534 W. Wellington AveStudioStudio,1BA$1,200
4241 Kenmore ApartmentsStudio UnitsStudio,1BA$1,200

Best Value Apartments for Rent in Lakeview, IL

As of June 26, 2025 the best value apartment in the Lakeview area is the $0.18 price per square foot 953 W Cornelia Ave Model at 953 W Cornelia Ave, Unit # 03D in the in the Lakeview neighborhood starting from $1,825. The second greatest value Lakeview apartment is the 1229 W Barry Ave Model at 1229 W Barry Ave, Unit George starting at $2,600 with a $0.43 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.
953 W Cornelia Ave, Unit # 03D953 W Cornelia Ave1BR,1BA$0.18
1229 W Barry Ave, Unit George1229 W Barry Ave2BR,2BA$0.43
3345 N Clark St, Unit 33345 N Clark St5BR,2BA$1.74
1031 W Dakin St, Unit 11031 W Dakin St3BR,2BA$1.70
1515 W Cornelia Ave, Unit M03B1515 W Cornelia Ave2BR,2BA$1.74
3600-3602 North Hermitage Avenue3 bedrooms/1bath3BR,1BA$1.53
1246 W Diversey Pky, Unit J08P1246 W Diversey Pky1BR,1BA$1.83
1246 W Diversey Pky, Unit 2c1246 W Diversey Pky1BR,1BA$1.83
1246 W Diversey Pky, Unit 21246 W Diversey Pky1BR,1BA$1.83
4326 N Kenmore Ave4/14BR,1BA$1.82

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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Frequently Asked Questions about Lakeview

What type of rentals are currently available in Lakeview?

There are currently 2228 Apartments for Rent in Lakeview, IL with pricing that ranges from $975 to $40,000. There are also 943 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview ranging from $1,195 to $10,395.

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 $1,195 to $10,395 with an average monthly rent of $4,468.

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 $1,200 to $40,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $8,100. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $2,500.

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.

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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.

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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.