Average Rent in Lakeview, Chicago, IL

Current Versus Historical Lakeview, Chicago, IL Rents

Lakeview rentals average $1,295 for a studio rental to $4,200 for a 4-bedroom rental. The median price of all currently available listings is $1,945, or roughly $36 per square feet.

For the apartment units and housing in May 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $100 (8.37%) year-over-year from $1,195 to $1,295. 1-bedroom rentals prices have increased by $231 (13.87%) year-over-year from $1,664 to $1,895. 2-bedroom rentals prices have increased by $356 (16.29%) year-over-year from $2,184 to $2,540. 3-bedroom rentals prices have increased by $332 (11.36%) year-over-year from $2,918 to $3,250. 4-bedroom rentals prices have increased by $311 (8.05%) year-over-year from $3,862 to $4,173. 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 3.53% this month. 1-bedroom rents have gone up by 3.65% this month. 2-bedroom rents have gone up by 4.38% this month. 3-bedroom rents have gone up by 1.14% this month. 4-bedroom rents have gone up by 10.07% this month.

Beds	Price / Sqft	May 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$39	$1,295	$1,195 (8.37%)	$1,118 (15.87%)
1 BR	$33	$1,895	$1,664 (13.87%)	$1,596 (18.76%)
2 BR	$33	$2,540	$2,184 (16.29%)	$2,043 (24.31%)
3 BR	$29	$3,250	$2,918 (11.36%)	$2,615 (24.28%)
4+ BR	$27	$4,173	$3,862 (8.05%)	$3,928 (6.22%)

Historical Rents in Lakeview, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lakeview

There are a total of 8 cities nearby Lakeview. The average rent in Lakeview is currently $1,950 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Oak Park, IL, with an average rent of $1,399, 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 $2,650 per month.

Let's compare Lakeview, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Lakeview, Chicago, IL is 19.21% more expensive than other cities nearby. One bedrooms are about 20.96% more expensive. Two bedrooms in Lakeview, Chicago, IL are about 20.66% more expensive. Finally, rent for three bedrooms are about 15.95% more expensive. Want more information? Check out the top 8 cities near Lakeview, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,098	$1,260	$1,660	$1,399
Chicago, IL	$1,295	$1,695	$1,900	$1,750
Evanston, IL	$1,125	$1,595	$2,200	$1,900
Wheaton, IL	$1,150	$1,775	$2,188	$1,905
Schaumburg, IL	N/A	$1,914	$2,000	$1,995
Joliet, IL	N/A	$788	$2,045	$2,045
Aurora, IL	$995	$1,118	$2,073	$2,150
Naperville, IL	N/A	$1,488	$2,175	$2,650

Top Neighborhoods Near Lakeview

There are a total of 21 neighborhoods in or near Lakeview. Some of these neighborhoods include Chatham, Gresham, and South Shore. We've included all of these top 21 neighborhoods in or near Lakeview, Chicago, IL in the following chart.

The average rent for these 21 neighborhoods in or near Lakeview, Chicago, IL is currently around $1,700 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $1,700. Out of all the neighborhoods in or near Lakeview, Chatham has the most affordable average rent at $915 per month. Whereas, at $2,975 average rent per month, The Loop is the most expensive neighborhood in or near Lakeview. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Chatham, Chicago, IL	$713	$865	$970	$915
Gresham, Chicago, IL	$775	$895	$1,020	$1,020
South Shore, Chicago, IL	$825	$935	$1,200	$1,070
Austin, Chicago, IL	$890	$1,015	$1,195	$1,153
Lawndale, Chicago, IL	$785	$1,000	$1,220	$1,300
Rogers Park, Chicago, IL	$1,025	$1,273	$1,800	$1,400
Edgewater, Chicago, IL	$1,050	$1,475	$1,975	$1,513
Ravenswood, Chicago, IL	$1,250	$1,595	$2,673	$1,550
Logan Square, Chicago, IL	$1,150	$1,595	$2,095	$1,595
Uptown, Chicago, IL	$1,150	$1,600	$2,423	$1,600
Lincoln Park, Chicago, IL	$1,595	$2,040	$3,050	$1,700
Humboldt Park, Chicago, IL	N/A	$1,295	$1,695	$1,800
Pilsen, Chicago, IL	$1,688	$1,538	$1,700	$1,800
Bronzeville, Chicago, IL	$1,000	$1,375	$2,000	$2,000
University Village - Little Italy, Chicago, IL	$1,477	$1,750	$2,100	$2,263
DePaul, Chicago, IL	$1,138	$1,995	$2,315	$2,295
Hyde Park, Chicago, IL	$1,225	$1,538	$1,900	$2,500
South Loop, Chicago, IL	$1,667	$2,100	$3,000	$2,530
West Town, Chicago, IL	N/A	$1,975	$3,043	$2,700
Near North Side, Chicago, IL	$1,880	$2,450	$3,655	$2,750
The Loop, Chicago, IL	$1,989	$2,200	$3,536	$2,975

Top Counties Near Lakeview

There are a total of 21 counties located by Lakeview, Chicago, IL. Some of these counties include North, IN, Thornton, IL, and Proviso, IL. The average rent for rentals in these counties is $1,813. That's roughly around $24 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is North, IN. It's average rent per month is $875. Vice versa, with an average rent of $2,300, Naperville, IL is the most expensive county by Lakeview, Chicago, IL.

Typically, rent for studios in Lakeview, Chicago, IL is 14.19% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lakeview, Chicago, IL is 26.79% more expensive than other counties nearby. Finally, rent for two bedrooms in Lakeview, Chicago, IL is 24.86% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
North, IN	$388	$775	$1,095	$875
Thornton, IL	$858	$925	$1,250	$1,200
Proviso, IL	$1,150	$1,125	$1,625	$1,275
Oak Park, IL	$1,098	$1,260	$1,660	$1,399
Chicago, IL	$1,295	$1,695	$1,900	$1,750
Milton, IL	$1,150	$1,760	$2,173	$1,875
Evanston, IL	$1,125	$1,595	$2,200	$1,900
Downers Grove, IL	$1,295	$1,617	$2,100	$1,965
Schaumburg, IL	N/A	$1,890	$2,000	$1,965
Naperville, IL	N/A	N/A	$2,100	$2,300

Top Zipcodes Near Lakeview

There are a total of 34 zipcodes in or near Lakeview, Chicago, IL. The average rent for all of these zipcodes is $1,821. A total of 18 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60619, Chicago, IL at $995 per month. In comparison, the zipcode with the most expensive average rent of $3,425 per month is 60601, Chicago, IL.

Studios in these zipcodes have an average rent of $1,153. That's at least $32 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 $1,548 per month. Or in other words, $28 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,058 per month. Which comes out to $26 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	$1,295	$1,945	$2,595	$1,845
60613, Chicago, IL	$1,323	$1,900	$2,595	$2,200
60614, Chicago, IL	$1,550	$2,043	$2,798	$1,995
60640, Chicago, IL	$1,125	$1,600	$2,100	$1,450
60618, Chicago, IL	$1,193	$1,495	$2,100	$1,950
60642, Chicago, IL	$2,045	$1,975	$2,813	$2,500
60647, Chicago, IL	$1,162	$1,650	$2,150	$1,613
60610, Chicago, IL	$1,895	$2,198	$3,600	$2,195
60660, Chicago, IL	$1,225	$1,425	$2,050	$1,600
60625, Chicago, IL	$1,295	$1,595	$1,995	$1,595

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 $1,945. 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 $1,295 and an average price per square feet of $38.85. There are a total of 281 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 $1,950 and an average price per square feet of $33.39. There are a total of 301 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 $2,595 and an average price per square feet of $33.30. There are a total of 189 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 0.08%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by 0.11% year-over-year.

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

A reasonable rent price in Lakeview, Chicago, IL is around $1,556/month. You can search for these reasonably priced rental listings on RentHop.