Average Rent in Lakeview, Chicago, IL

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Current Versus Historical Lakeview, Chicago, IL Rents

Lakeview rentals average $1,298 for a studio rental to $4,900 for a 4-bedroom rental. The median price of all currently available listings is $2,096, 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 $81 (6.77%) year-over-year from $1,194 to $1,275. 1-bedroom rentals prices have increased by $120 (6.94%) year-over-year from $1,730 to $1,850. 2-bedroom rentals prices have increased by $289 (12.27%) year-over-year from $2,356 to $2,645. 3-bedroom rentals prices have increased by $349 (11.10%) year-over-year from $3,146 to $3,495. 4-bedroom rentals prices have increased by $1,100 (29.73%) year-over-year from $3,700 to $4,800. 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 0.10% this month. 1-bedroom rents have gone up by 1.09% this month. 2-bedroom rents have gone down by 0.25% this month. 3-bedroom rents have gone down by 1.96% this month. 4-bedroom rents have gone up by 10.56% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.96 $1,275 $1,194 (6.77%) $1,065 (19.72%)
1 BR $2.67 $1,850 $1,730 (6.94%) $1,463 (26.42%)
2 BR $2.68 $2,645 $2,356 (12.27%) $1,913 (38.24%)
3 BR $2.52 $3,495 $3,146 (11.10%) $2,463 (41.88%)
4+ BR $2.63 $4,800 $3,700 (29.73%) $3,400 (41.18%)

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 $2,125 per month. A total of 2 cities nearby have an average rent lower than that. 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 Lakeview, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,525 per month.

Let's compare Lakeview, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 5.15% more expensive. Two bedrooms in Lakeview, Chicago, IL are about 11.03% more expensive. Finally, rent for three bedrooms are about 15.32% 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
Chicago, IL $1,275 $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 $1,675 $2,250 $2,525

Top Neighborhoods Near Lakeview

There are a total of 13 neighborhoods in or near Lakeview. Some of these neighborhoods include Edgewater, Rogers Park, and Uptown. We've included all of these top 13 neighborhoods in or near Lakeview, Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near Lakeview, Chicago, IL is currently around $1,975 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $1,975. Out of all the neighborhoods in or near Lakeview, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,705 average rent per month, South Loop is the most expensive neighborhood in or near Lakeview. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Edgewater, Chicago, IL $1,100 $1,500 $2,100 $1,550
Rogers Park, Chicago, IL $1,145 $1,338 $1,850 $1,550
Uptown, Chicago, IL $1,095 $1,600 $2,200 $1,613
Ravenswood, Chicago, IL $1,220 $1,563 $2,475 $1,695
Albany Park, Chicago, IL $1,188 $1,423 $1,700 $1,700
West Rogers Park, Chicago, IL N/A $1,300 $1,700 $1,700
Humboldt Park, Chicago, IL N/A $1,550 $1,895 $1,975
Lincoln Park, Chicago, IL $1,450 $2,000 $3,300 $1,985
Logan Square, Chicago, IL $1,150 $1,793 $2,163 $2,048
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 $1,858 $2,450 $3,530 $2,616
South Loop, Chicago, IL $1,698 $2,100 $3,000 $2,705

Top Counties Near Lakeview

There are a total of 13 counties located by Lakeview, 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. A total of 2 counties have a lower average rent. 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 Lakeview, Chicago, IL.

In comparison, rent for one bedroom listings in Lakeview, Chicago, IL is 4.12% more expensive than other counties nearby. Finally, rent for two bedrooms in Lakeview, Chicago, IL is 11.03% 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 $1,275 $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 Lakeview

There are a total of 20 zipcodes in or near Lakeview, Chicago, IL. The average rent for all of these zipcodes is $2,145. A total of 9 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 $1,525 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 $1,232. 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 $1,824 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,400 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 $1,325 $1,927 $2,650 $2,127
60613, Chicago, IL $1,273 $1,743 $2,500 $1,850
60614, Chicago, IL $1,525 $2,298 $2,873 $2,395
60640, Chicago, IL $1,095 $1,550 $2,275 $1,550
60618, Chicago, IL $1,348 $1,595 $2,165 $2,300
60642, Chicago, IL $1,850 $2,201 $2,725 $2,700
60647, Chicago, IL $1,150 $1,795 $2,250 $2,163
60610, Chicago, IL $1,853 $2,299 $3,383 $2,646
60660, Chicago, IL $1,123 $1,500 $1,938 $1,550
60625, Chicago, IL $1,175 $1,475 $2,095 $1,700

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 $2,096. 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 $1,298 and an average price per square feet of $2.96. There are a total of 112 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 $1,845 and an average price per square feet of $2.67. There are a total of 187 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 $2,585 and an average price per square feet of $2.68. There are a total of 147 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 0.07%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.12%, 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 $1,677/month. You can search for these reasonably priced rental listings on RentHop.
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