Cheap Homes for Rent in North Lakefront Neighborhood of Chicago, IL from $700 (740 Rentals)

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Search the lowest-cost Homes 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
The EdisonStudio | 1 bath - EFFRStudio,1BA$1,053
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 28, 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
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
1107 N Avers Ave, Unit 11107 N Avers Ave2BR,1BA$1.35
737 W Belmont Ave, Unit 514737 W Belmont AveStudio ,1BA$1.14

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Frequently Asked Questions about North Lakefront

What type of rentals are currently available in North Lakefront?

There are currently 8858 Apartments for Rent in North Lakefront, IL with pricing that ranges from $532 to $77,776. There are also 3105 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Lakefront ranging from $700 to $35,000.

What is the current price range for Rental Homes in North Lakefront?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Lakefront ranges from $700 to $35,000 with an average monthly rent of $5,218.

How much are larger Three and Four Bedroom Rentals in North Lakefront?

For those who are looking for larger living arrangements, Three Bedroom Apartments in North Lakefront range from $1,200 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $30,000. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $1,285.

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.