Cheap Apartments for Rent in the Lakeview Neighborhood of Chicago, IL from $500 (324 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakeview 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

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 3834 N Sheffield priced from $975. 3838 N. Broadway has the second lowest priced unit, which is a Studio apartment currently listed from $1,065. Here are the most affordable Lakeview apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
3834 N SheffieldStudioStudio,1BA$975
3838 N. BroadwayStudioStudio,1BA$1,065
721 W. BelmontStudioStudio,1BA$1,075
424 W. DiverseyStudioStudio,1BA$1,095
422-24 MelroseS3Studio,1BA$1,120
The Annabelle ApartmentsStudio Floor Plan S3Studio,1BA$1,136
Park Wellington ApartmentsStudio Floor Plan S1Studio,1BA$1,140

Best Value Apartments for Rent in Lakeview, IL

As of February 19, 2025 the best value apartment in the Lakeview area is the $1.53 price per square foot 1644 W Fletcher St Model at 1644 W Fletcher St, Unit 2 in the in the Lakeview neighborhood starting from $4,600. The second greatest value Lakeview 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1644 W Fletcher St, Unit 21644 W Fletcher St3BR,3BA$1.53
3035 N Southport Ave, Unit M00B3035 N Southport Ave2BR,1.5BA$0.90
1644 W Fletcher St, Unit G07C1644 W Fletcher St3BR,3BA$1.53
3042 N Ashland Ave, Unit 33042 N Ashland Ave3BR,1BA$0.76
3161 N Pine Grove Ave, Unit M00B3161 N Pine Grove Ave2BR,1BA$1.47
1515 W Cornelia Ave, Unit M03B1515 W Cornelia Ave2BR,2BA$1.56
3935 N Janssen, Unit W33935 N Janssen2BR,2BA$1.53
931 W Newport Ave, Unit M01B931 W Newport Ave1BR,1BA$1.20
737 W Belmont Ave, Unit 114737 W Belmont AveStudio ,1BA$1.18
1647 W Fletcher St, Unit GARDEN UNIT1647 W Fletcher St1BR,1BA$1.50

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Pet Friendly Lifestyle
Lakeview, Chicago, IL

Ranked #5

Among neighborhoods in Chicago, IL 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

Best Local Schools in
Lakeview, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Illinois, including Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Lakeview Neighborhood in Chicago, IL

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

89 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

75 / 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 Apartments

What is the Cheapest Studio apartment in Lakeview?

Currently the most affordable Cheap Studio Apartment in Lakeview is at 3834 N Sheffield listed at $975.

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

The lowest price for a Cheap One Bedroom Lakeview Apartment is $1,250 at Times Square Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lakeview is starting from $1,805 at Buena Shores.

What is the most affordable Lakeview Three Bedroom Apartment?

The best deal on a cheap Lakeview Three Bedroom Apartment rental is at Buena Shores and starts from $2,055.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.