Cheap Apartments for Rent in the Lakeview East Neighborhood of Chicago, IL from $800 (523 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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535 W Briar Pl

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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 $1,025. 721 W. Belmont has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Lakeview East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,025
721 W. BelmontStudioStudio,1BA$1,075
Park Wellington ApartmentsStudio Floor Plan S1Studio,1BA$1,125
629 W. DemingStudioStudio,1BA$1,195
534 W. Wellington AveStudioStudio,1BA$1,200
596 W HawthorneStudioStudio,1BA$1,201

Best Value Apartments for Rent in Lakeview East, IL

As of March 26, 2025 the best value apartment in the Lakeview East area is the $0.79 price per square foot 3035 N Southport Ave Model at 3035 N Southport Ave, Unit A07C in the in the Lakeview neighborhood starting from $2,700. The second greatest value Lakeview East apartment is the 3035 N Southport Ave Model at 3035 N Southport Ave, Unit M00B starting at $2,700 with a $0.90 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.
3035 N Southport Ave, Unit A07C3035 N Southport Ave2BR,1.5BA$0.79
3035 N Southport Ave, Unit M00B3035 N Southport Ave2BR,1.5BA$0.90
1040 W School St1040 W School St4BR,2BA$1.60
1015 W School St, Unit 11015 W School St4BR,2BA$1.64
3709 N Southport Ave, Unit M09B3709 N Southport Ave3BR,2BA$1.88
1133 W Cornelia Ave, Unit 11133 W Cornelia Ave2BR,2.5BA$1.58
3704 N Magnolia Ave, Unit 23704 N Magnolia Ave3BR,1BA$1.65
3161 N Pine Grove Ave, Unit M00B3161 N Pine Grove Ave2BR,1BA$1.67
1246 W Diversey Pky, Unit M01B1246 W Diversey Pky2BR,1BA$1.75
737 W Belmont Ave, Unit 514737 W Belmont AveStudio ,1BA$1.14

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Pet Friendly Lifestyle
Lakeview East, Chicago, IL

Ranked #10

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 a cheap apartment in Lakeview East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeview East is under $1,201.

What is the price of a cheap apartment in Lakeview East?

The cheapest apartment in Lakeview East is Commonwealth which is listed at $1,261, while the average apartment in Lakeview East costs $6,000.

What types of apartments are the cheapest in Lakeview East?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Lakeview East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakeview East?

Cheap apartments in Lakeview East have an average cost of $116 which is $5,884 cheaper than the average rent for all rentals in Lakeview East.

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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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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.