Average Rent in Lake View East, Chicago, IL

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Current Versus Historical Lake View East, Chicago, IL Rents

Lake View East rentals average $1,335 for a studio rental to $4,400 for a 4-bedroom rental. The median price of all currently available listings is $1,895, or roughly $3 per square feet.
For the apartment units and housing in March 2024, median rents have risen over the last year. Studio rentals prices have increased by $82 (7.02%) year-over-year from $1,163 to $1,245. 1-bedroom rentals prices have increased by $150 (8.69%) year-over-year from $1,722 to $1,872. 2-bedroom rentals prices have increased by $288 (11.85%) year-over-year from $2,429 to $2,717. 3-bedroom rentals prices have increased by $411 (12.30%) year-over-year from $3,339 to $3,750. 4-bedroom rentals prices have increased by $2,203 (51.28%) year-over-year from $4,297 to $6,500. 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 down by 1.32% this month. 1-bedroom rents have gone up by 3.44% this month. 2-bedroom rents have gone up by 0.83% this month. 3-bedroom rents have gone down by 4.22% this month. 4-bedroom rents have gone up by 27.49% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.06 $1,245 $1,163 (7.02%) $1,056 (17.95%)
1 BR $2.77 $1,872 $1,722 (8.69%) $1,438 (30.15%)
2 BR $2.68 $2,717 $2,429 (11.85%) $2,062 (31.79%)
3 BR $2.73 $3,750 $3,339 (12.30%) $2,615 (43.40%)
4+ BR $2.67 $6,500 $4,297 (51.28%) $3,709 (75.24%)

Historical Rents in Lake View East, Chicago, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Lake View East

There are a total of 5 cities nearby Lake View East. The average rent in Lake View East is currently $2,125 per month. Our records show that Chicago, IL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Lake View East, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,550 per month.

Let's compare Lake View East, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 9.07% more expensive. Two bedrooms in Lake View East, Chicago, IL are about 14.66% more expensive. Finally, rent for three bedrooms are about 11.32% more expensive. Want more information? Check out the top 5 cities near Lake View East, Chicago, IL in the following chart.
City Studio 1 Bed 2 Bed All
Chicago, IL $1,295 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,995 $2,515 $2,043
Evanston, IL $1,195 $1,650 $2,200 $2,125
Wheaton, IL N/A $1,840 $2,350 $2,195
Naperville, IL N/A $1,700 $2,250 $2,550

Top Neighborhoods Near Lake View East

There are a total of 14 neighborhoods in or near Lake View East. Some of these neighborhoods include Edgewater, Rogers Park, and Uptown. We've included all of these top 14 neighborhoods in or near Lake View East, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Lake View East, Chicago, IL is currently around $1,970 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $1,970. Interestingly, the neighborhoods' average rent is higher than Lake View East's average rent, which is only $1,895. Out of all the neighborhoods in or near Lake View East, Edgewater has the most affordable average rent at $1,525 per month. Whereas, at $2,705 average rent per month, South Loop is the most expensive neighborhood in or near Lake View East. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Edgewater, Chicago, IL $1,100 $1,500 $2,175 $1,525
Rogers Park, Chicago, IL $1,148 $1,313 $1,850 $1,550
Uptown, Chicago, IL $1,095 $1,600 $2,325 $1,600
Ravenswood, Chicago, IL $1,220 $1,575 $2,550 $1,695
Albany Park, Chicago, IL $1,188 $1,350 $1,700 $1,700
West Rogers Park, Chicago, IL N/A $1,300 $1,700 $1,700
Lincoln Park, Chicago, IL $1,450 $2,000 $3,250 $1,965
Humboldt Park, Chicago, IL N/A $1,550 $1,895 $1,975
Logan Square, Chicago, IL $1,185 $1,790 $2,185 $2,050
Lakeview, Chicago, IL $1,300 $1,840 $2,588 $2,097
DePaul, Chicago, IL $1,545 $1,925 $2,398 $2,395
Bucktown, Chicago, IL $1,800 $2,400 $2,370 $2,500
Near North Side, Chicago, IL $1,855 $2,450 $3,530 $2,622
South Loop, Chicago, IL $1,698 $2,100 $3,000 $2,705

Top Counties Near Lake View East

There are a total of 14 counties located by Lake View East, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,113. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,600, Naperville, IL is the most expensive county by Lake View East, Chicago, IL.

In comparison, rent for one bedroom listings in Lake View East, Chicago, IL is 8.08% more expensive than other counties nearby. Finally, rent for two bedrooms in Lake View East, Chicago, IL is 14.66% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chicago, IL $1,295 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,988 $2,475 $2,043
Downers Grove, IL N/A $1,788 $2,198 $2,100
Evanston, IL $1,195 $1,650 $2,200 $2,125
Milton, IL N/A $1,840 $2,320 $2,180
Naperville, IL N/A $1,675 $2,300 $2,600

Top Zipcodes Near Lake View East

There are a total of 20 zipcodes in or near Lake View East, Chicago, IL. The average rent for all of these zipcodes is $2,164. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $1,488 per month. In comparison, the zipcode with the most expensive average rent of $3,000 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,258. 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 Lake View East, Chicago, IL is $1,824 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,411 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Lake View East, 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 $1,325 $1,922 $2,650 $2,134
60613, Chicago, IL $1,295 $1,730 $2,500 $1,861
60614, Chicago, IL $1,525 $2,298 $2,862 $2,395
60640, Chicago, IL $1,095 $1,550 $2,373 $1,550
60642, Chicago, IL $1,850 $2,298 $2,725 $2,800
60610, Chicago, IL $1,840 $2,255 $3,375 $2,650
60618, Chicago, IL $1,348 $1,600 $2,158 $2,300
60647, Chicago, IL $1,220 $1,795 $2,275 $2,195
60622, Chicago, IL $1,893 $2,098 $2,450 $2,390
60660, Chicago, IL $1,123 $1,500 $1,950 $1,550

Frequently Asked Questions - Lake View East Average Rents

What is the average rent price in Lake View East, Chicago, IL?
The average monthly rental price for Lake View East, Chicago, IL apartments for rent is approximately $1,895. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Lake View East, 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 Lake View East, Chicago, IL.
How much is a studio apartment in Lake View East, Chicago, IL?
The average monthly rental price for studio apartments is $1,335 and an average price per square feet of $3.06. There are a total of 69 studio apartment listings currently available for rent in Lake View East.
How much is a one bedroom apartment in Lake View East, Chicago, IL?
The average monthly rental price for one bedroom apartments is $1,925 and an average price per square feet of $2.77. There are a total of 94 one bedroom apartment listings currently available for rent in Lake View East.
How much is a two bedroom apartment in Lake View East, Chicago, IL?
The average monthly rental price for two bedroom apartments is $2,695 and an average price per square feet of $2.68. There are a total of 41 two bedroom apartment listings currently available for rent in Lake View East.
How have rent prices in Lake View East, Chicago, IL changed this year?
Rent prices for rentals in Lake View East, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.07%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.12% year-over-year.
What is a reasonable rent price in Lake View East, Chicago, IL?
A reasonable rent price in Lake View East, Chicago, IL is around $1,516/month. You can search for these reasonably priced rental listings on RentHop.
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