Cheap Apartments for Rent in the North Lakefront Neighborhood of Chicago, IL from $400 (763 Rentals)

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

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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North Lakefront, Chicago, IL Local Guide

Cheapest Available North Lakefront Apartments for Rent

 

The cheapest available apartment rental in the North Lakefront area of Chicago, IL is a Studio unit found at 424 W. Diversey priced from $1,025. Onyx on Sheridan has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable North Lakefront apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,025
Onyx on SheridanStudio ApartmentStudio,1BA$1,050
Issel BuildingStudio'sStudio,1BA$1,050
The EdisonStudio | 1 bath - EFFRStudio,1BA$1,060
721 W. BelmontStudioStudio,1BA$1,075
3834 N SheffieldStudioStudio,1BA$1,095
3838 N. BroadwayStudioStudio,1BA$1,095

Best Value Apartments for Rent in North Lakefront, IL

As of March 29, 2025 the best value apartment in the North Lakefront area is the $0.48 price per square foot 3134 W Carroll Ave Model at 3134 W Carroll Ave in the in the East Garfield Park neighborhood starting from $4,795. The second greatest value North Lakefront apartment is the 4343 N Spaulding Ave Model at 4343 N Spaulding Ave, Unit #2 starting at $2,150 with a $0.22 price per square foot in the Albany Park neighborhood. Here is today’s list of the best values for North Lakefront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3134 W Carroll Ave3134 W Carroll Ave8BR,2BA$0.48
4343 N Spaulding Ave, Unit #24343 N Spaulding Ave3BR,1BA$0.22
2557 W Eastwood Ave, Unit # 032557 W Eastwood Ave2BR,1BA$0.22
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
4625 N Dover St, Unit G4625 N Dover St2BR,2BA$1.25
1939 N Karlov Ave, Unit 11939 N Karlov Ave4BR,2BA$1.32
2228 W Armitage Ave, Unit M09B2228 W Armitage Ave2BR,1BA$1.29
653 N Christiana Ave, Unit 2653 N Christiana Ave3BR,1BA$1.00
737 W Belmont Ave, Unit 514737 W Belmont AveStudio ,1BA$1.14

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
North Lakefront, Chicago, IL

Ranked #1

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
North Lakefront, Chicago, IL

School data provided by Great Schools

Best Local Schools in
North Lakefront, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Illinois and customized analysis for North Chicago, IL. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, apartment complexes for the kids, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap North Lakefront Apartments

What is a cheap apartment in North Lakefront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Lakefront is under $1,095.

What is the price of a cheap apartment in North Lakefront?

The cheapest apartment in North Lakefront is 3935 W Diversey which is listed at $1,136, while the average apartment in North Lakefront costs $4,287.

What types of apartments are the cheapest in North Lakefront?

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 68 regular apartments in North Lakefront 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 North Lakefront?

Cheap apartments in North Lakefront have an average cost of $651 which is $3,636 cheaper than the average rent for all rentals in North Lakefront.

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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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.