Cheap Homes for Rent in Lakeview Neighborhood of Chicago, IL from $1,200 (373 Rentals)

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Cheap Homes in the Lakeview area of Chicago.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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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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, 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 424 W. Diversey priced from $1,065. 3616 N. Pine Grove Ave. has the second lowest priced unit, which is a Studio apartment currently listed from $1,070. Here are the most affordable Lakeview apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,065
3616 N. Pine Grove Ave.StudioStudio,1BA$1,070
721 W. BelmontStudioStudio,1BA$1,075
3838 N. BroadwayStudioStudio,1BA$1,095
3834 N SheffieldStudioStudio,1BA$1,095

Best Value Apartments for Rent in Lakeview, IL

As of May 03, 2025 the best value apartment in the Lakeview area is the $0.36 price per square foot 3818 N Sheffield Ave Model at 3818 N Sheffield Ave, Unit # 03 in the in the Lakeview neighborhood starting from $3,595. 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.
3818 N Sheffield Ave, Unit # 033818 N Sheffield Ave3BR,1BA$0.36
1229 W Barry Ave, Unit George1229 W Barry Ave2BR,2BA$0.43
2919 N Racine Ave, Unit 1stfl2919 N Racine Ave2BR,1BA$0.40
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
3300 N Kenmore Ave, Unit 1F3300 N Kenmore Ave4BR,2BA$1.60
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
1515 W Cornelia Ave, Unit M03B1515 W Cornelia Ave2BR,2BA$1.56
3721 N Pine Grove Ave, Unit E23721 N Pine Grove Ave1BR,1BA$1.54

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Frequently Asked Questions about Lakeview

What type of rentals are currently available in Lakeview?

There are currently 2229 Apartments for Rent in Lakeview, IL with pricing that ranges from $800 to $8,877. There are also 835 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeview ranging from $1,250 to $13,000.

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 $1,250 to $13,000 with an average monthly rent of $5,499.

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 $800 to $8,877, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $6,300. 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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and 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.