Cheap Apartments for Rent in the Lakeview East Neighborhood of Chicago, IL from $800 (506 Rentals)

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

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Lakeview East, Chicago, IL Local Guide

Cheapest Available Lakeview East Apartments for Rent

 

The cheapest available apartment rental in the Lakeview East area of Chicago, IL is a Studio unit found at 424 W. Diversey priced from $1,065. 422-24 Melrose has the second lowest priced unit, which is a Studio apartment currently listed from $1,109. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,065
422-24 MelroseS5Studio,1BA$1,109
721 W. BelmontStudioStudio,1BA$1,195
629 W. DemingStudioStudio,1BA$1,195
534 W. Wellington AveStudioStudio,1BA$1,200
596 W HawthorneStudioStudio,1BA$1,203

Best Value Apartments for Rent in Lakeview East, IL

As of April 16, 2025 the best value apartment in the Lakeview East area is the $0.43 price per square foot 1229 W Barry Ave Model at 1229 W Barry Ave, Unit George in the in the Lakeview neighborhood starting from $2,600. The second greatest value Lakeview East apartment is the 2919 N Racine Ave Model at 2919 N Racine Ave, Unit 1stfl starting at $1,820 with a $0.40 price per square foot in the Lakeview neighborhood. Here is today’s list of the best values for Lakeview East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1229 W Barry Ave, Unit George1229 W Barry Ave2BR,2BA$0.43
2919 N Racine Ave, Unit 1stfl2919 N Racine Ave2BR,1BA$0.40
3035 N Southport Ave, Unit M00B3035 N Southport Ave2BR,1.5BA$0.90
3709 N Southport Ave, Unit M09B3709 N Southport Ave3BR,2BA$1.88
1138 W Diversey Pky, Unit George1138 W Diversey Pky3BR,1BA$1.50
3161 N Pine Grove Ave, Unit M00B3161 N Pine Grove Ave2BR,1BA$1.67
3655 N Southport Ave, Unit M03B3655 N Southport Ave2BR,2BA$1.97
3424 N Sheffield Ave, Unit 23424 N Sheffield Ave3BR,1BA$1.75
3424 N Sheffield Ave, Unit 23424 N Sheffield Ave3BR,1BA$1.86
1246 W Diversey Pky, Unit M01B1246 W Diversey Pky2BR,1BA$1.75

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Pet Friendly Lifestyle
Lakeview East, Chicago, IL

Ranked #6

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in areas across the United States, including Chicago. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Lakeview East Neighborhood in Chicago, IL

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

90 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

78 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lakeview East Apartments

What is the Cheapest Studio apartment in Lakeview East?

Currently the most affordable Cheap Studio Apartment in Lakeview East is at 424 W. Diversey listed at $1,065.

How much is rent for a Cheap One Bedroom Lakeview East Apartment?

The lowest price for a Cheap One Bedroom Lakeview East Apartment is $1,261 at Commonwealth.

What is the lowest price for a Cheap Two Bedroom Lakeview East Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakeview East is starting from $2,175 at 2849 N Orchard.

What is the most affordable Lakeview East Three Bedroom Apartment?

The best deal on a cheap Lakeview East Three Bedroom Apartment rental is at 2850 N. Sheridan and starts from $2,895.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.