Cheap Homes for Rent in Lakeview East Neighborhood of Chicago, IL from $1,200 (383 Rentals)

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

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

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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property at 510 W Briar Pl

510 W Briar Pl

ChicagoIL60657

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 $1,025. 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
420 W. Melrose St.StudioStudio,1BA$1,195
629 W. DemingStudioStudio,1BA$1,195
534 W. Wellington AveStudioStudio,1BA$1,200
Beachwalk ApartmentsStudio Floor Plan S1Studio,1BA$1,200

Best Value Apartments for Rent in Lakeview East, IL

As of May 13, 2025 the best value apartment in the Lakeview East area is the $1.60 price per square foot 3300 N Kenmore Ave Model at 3300 N Kenmore Ave, Unit 1F in the in the Lakeview neighborhood starting from $4,000. The second greatest value Lakeview East apartment is the 3709 N Southport Ave Model at 3709 N Southport Ave, Unit M09B starting at $4,500 with a $1.88 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.
3300 N Kenmore Ave, Unit 1F3300 N Kenmore Ave4BR,2BA$1.60
3709 N Southport Ave, Unit M09B3709 N Southport Ave3BR,2BA$1.88
1057 W Cornelia Ave, Unit 21057 W Cornelia Ave4BR,2BA$2.05
1057 W Cornelia Ave, Unit 21057 W Cornelia Ave4BR,2BA$2.05
1057 W Cornelia Ave, Unit 21057 W Cornelia Ave4BR,2BA$2.05
644 W Roscoe St, Unit M09B644 W Roscoe St2BR,1.5BA$2.00
2519 N Lincoln Ave, Unit D32519 N Lincoln Ave2BR,1BA$2.07
3721 N Pine Grove Ave, Unit E23721 N Pine Grove Ave1BR,1BA$1.54
3723 N Pine Grove Ave, Unit E13723 N Pine Grove Ave1BR,1BA$1.88
515 W Arlington Pl, Unit M07B515 W Arlington PlStudio ,1BA$2.04

Quick Rent Budget Calculator

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Frequently Asked Questions about Lakeview East

What type of rentals are currently available in Lakeview East?

There are currently 1802 Apartments for Rent in Lakeview East, IL with pricing that ranges from $1,025 to $13,550. There are also 853 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview East ranging from $1,200 to $17,000.

What is the current price range for Rental Homes in Lakeview East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeview East ranges from $1,200 to $17,000 with an average monthly rent of $4,864.

How much are larger Three and Four Bedroom Rentals in Lakeview East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeview East range from $2,565 to $13,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $7,200. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,795.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.