Average Rent in Lakeview, Chicago, IL

Current Versus Historical Lakeview, Chicago, IL Rents

Lakeview rentals average $1,600 for a studio rental to $6,000 for a 4-bedroom rental. The median price of all currently available listings is $2,282, or roughly $3 per square feet.

For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $248 (19.15%) year-over-year from $1,297 to $1,545. 1-bedroom rentals prices have increased by $243 (13.25%) year-over-year from $1,830 to $2,073. 2-bedroom rentals prices have increased by $153 (6.14%) year-over-year from $2,497 to $2,650. 3-bedroom rentals prices have increased by $533 (16.30%) year-over-year from $3,268 to $3,800. 4-bedroom rentals prices have increased by $617 (14.83%) year-over-year from $4,158 to $4,775. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 4.39% this month. 1-bedroom rents have gone up by 3.67% this month. 2-bedroom rents have gone down by 2.99% this month. 3-bedroom rents have gone up by 5.60% this month. 4-bedroom rents have gone up by 7.95% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.99	$1,545	$1,297 (19.15%)	$1,098 (40.67%)
1 BR	$3.13	$2,073	$1,830 (13.25%)	$1,530 (35.46%)
2 BR	$3.14	$2,650	$2,497 (6.14%)	$1,972 (34.40%)
3 BR	$2.59	$3,800	$3,268 (16.30%)	$2,465 (54.16%)
4+ BR	$2.22	$4,775	$4,158 (14.83%)	$3,483 (37.08%)

Historical Rents in Lakeview, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lakeview

There are a total of 5 cities nearby Lakeview. The average rent in Lakeview is currently $2,295 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Schaumburg, IL, with an average rent of $2,105, is the most affordable city nearby. In contrast, the most expensive city near Lakeview, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,750 per month.

Let's compare Lakeview, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 5.00% more expensive. Two bedrooms in Lakeview, Chicago, IL are about 16.07% more expensive. Finally, rent for three bedrooms are about 19.61% more expensive. Want more information? Check out the top 5 cities near Lakeview, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,975	$2,490	$2,105
Chicago, IL	$1,495	$1,900	$2,500	$2,200
Aurora, IL	N/A	$1,325	$2,195	$2,295
Wheaton, IL	N/A	$1,999	$2,348	$2,348
Naperville, IL	N/A	$1,500	$2,300	$2,750

Top Neighborhoods Near Lakeview

There are a total of 10 neighborhoods in or near Lakeview. Some of these neighborhoods include Rogers Park, Edgewater, and Uptown. We've included all of these top 10 neighborhoods in or near Lakeview, Chicago, IL in the following chart.

The average rent for these 10 neighborhoods in or near Lakeview, Chicago, IL is currently around $2,436 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,436. Interestingly, the neighborhoods' average rent is higher than Lakeview's average rent, which is only $2,282. Out of all the neighborhoods in or near Lakeview, Rogers Park has the most affordable average rent at $1,500 per month. Whereas, at $3,000 average rent per month, Near North Side is the most expensive neighborhood in or near Lakeview. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,175	$1,300	$1,750	$1,500
Edgewater, Chicago, IL	$1,288	$1,500	$2,395	$1,525
Uptown, Chicago, IL	$1,300	$1,554	$2,400	$1,554
Logan Square, Chicago, IL	$1,395	$1,950	$2,150	$2,200
Lincoln Park, Chicago, IL	$1,495	$2,395	$3,448	$2,423
Hyde Park, Chicago, IL	$1,345	$1,665	$1,960	$2,450
Bronzeville, Chicago, IL	$1,250	$1,498	$2,250	$2,500
The Loop, Chicago, IL	$1,975	$2,300	$3,200	$2,800
South Loop, Chicago, IL	$2,000	$2,250	$3,050	$2,900
Near North Side, Chicago, IL	$1,800	$2,375	$3,700	$3,000

Top Counties Near Lakeview

There are a total of 10 counties located by Lakeview, Chicago, IL. Some of these counties include Schaumburg, IL, Chicago, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,270. That's roughly around $2 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,193. Vice versa, with an average rent of $2,600, Naperville, IL is the most expensive county by Lakeview, Chicago, IL.

In comparison, rent for one bedroom listings in Lakeview, Chicago, IL is 5.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Lakeview, Chicago, IL is 16.07% more expensive than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,995	$2,465	$2,193
Chicago, IL	$1,495	$1,900	$2,500	$2,200
Downers Grove, IL	N/A	$1,833	$2,250	$2,270
Milton, IL	N/A	$1,999	$2,348	$2,339
Naperville, IL	N/A	$1,585	$2,288	$2,600

Top Zipcodes Near Lakeview

There are a total of 16 zipcodes in or near Lakeview, Chicago, IL. The average rent for all of these zipcodes is $2,274. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60626, Chicago, IL at $1,425 per month. In comparison, the zipcode with the most expensive average rent of $3,200 per month is 60610, Chicago, IL.

Studios in these zipcodes have an average rent of $1,385. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Lakeview, Chicago, IL is $1,963 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,548 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Lakeview, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60657, Chicago, IL	$1,599	$2,048	$2,779	$2,195
60613, Chicago, IL	$1,445	$1,750	$2,700	$2,248
60614, Chicago, IL	$1,675	$2,350	$3,523	$2,495
60640, Chicago, IL	$1,375	$1,568	$2,398	$1,568
60618, Chicago, IL	N/A	$1,650	$2,050	$2,298
60647, Chicago, IL	$1,395	$1,950	$2,200	$2,250
60610, Chicago, IL	$1,725	$2,214	$3,650	$3,200
60622, Chicago, IL	N/A	$1,950	$2,500	$2,900
60611, Chicago, IL	$1,825	$2,400	$3,900	$3,175
60626, Chicago, IL	$1,175	$1,300	$1,750	$1,425

Frequently Asked Questions - Lakeview Average Rents

What is the average rent price in Lakeview, Chicago, IL?

The average monthly rental price for Lakeview, Chicago, IL apartments for rent is approximately $2,282. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lakeview, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lakeview, Chicago, IL.

How much is a studio apartment in Lakeview, Chicago, IL?

The average monthly rental price for studio apartments is $1,600 and an average price per square feet of $2.99. There are a total of 58 studio apartment listings currently available for rent in Lakeview.

How much is a one bedroom apartment in Lakeview, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,000 and an average price per square feet of $3.13. There are a total of 75 one bedroom apartment listings currently available for rent in Lakeview.

How much is a two bedroom apartment in Lakeview, Chicago, IL?

The average monthly rental price for two bedroom apartments is $2,798 and an average price per square feet of $3.14. There are a total of 58 two bedroom apartment listings currently available for rent in Lakeview.

How have rent prices in Lakeview, Chicago, IL changed this year?

Rent prices for rentals in Lakeview, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.19%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.16% year-over-year.

What is a reasonable rent price in Lakeview, Chicago, IL?

A reasonable rent price in Lakeview, Chicago, IL is around $1,825/month. You can search for these reasonably priced rental listings on RentHop.