Average Rent in Lakeview, Chicago, IL

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Current Versus Historical Lakeview, Chicago, IL Rents

Lakeview rentals average $1,498 for a studio rental to $4,198 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $3 per square feet.
For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $198 (15.97%) year-over-year from $1,242 to $1,440. 1-bedroom rentals prices have increased by $247 (14.12%) year-over-year from $1,752 to $1,999. 2-bedroom rentals prices have increased by $398 (16.59%) year-over-year from $2,402 to $2,800. 3-bedroom rentals prices have increased by $218 (6.55%) year-over-year from $3,320 to $3,538. 4-bedroom rentals prices have increased by $248 (6.37%) year-over-year from $3,897 to $4,145. 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 1.03% this month. 1-bedroom rents have gone up by 0.81% this month. 2-bedroom rents have gone up by 0.68% this month. 3-bedroom rents have gone down by 8.39% this month. 4-bedroom rents have gone down by 7.15% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.99 $1,440 $1,242 (15.97%) $1,051 (37.06%)
1 BR $2.75 $1,999 $1,752 (14.12%) $1,474 (35.60%)
2 BR $2.60 $2,800 $2,402 (16.59%) $1,900 (47.39%)
3 BR $2.17 $3,538 $3,320 (6.55%) $2,665 (32.74%)
4+ BR $2.22 $4,145 $3,897 (6.37%) $3,741 (10.80%)

Historical Rents in Lakeview, Chicago, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Lakeview

There are a total of 6 cities nearby Lakeview. The average rent in Lakeview is currently $2,500 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Lakeview, Chicago, IL is Evanston, IL. Monthly rents here are on average $2,802 per month.

Let's compare Lakeview, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 23.45% more affordable. Two bedrooms in Lakeview, Chicago, IL are about 13.86% more expensive. Finally, rent for three bedrooms are about 13.89% more expensive. Want more information? Check out the top 6 cities near Lakeview, Chicago, IL in the following chart.
City Studio 1 Bed 2 Bed All
Chicago, IL $1,380 $1,778 $2,200 $2,100
Schaumburg, IL N/A $2,206 $2,225 $2,274
Aurora, IL N/A $1,400 $2,150 $2,300
Naperville, IL N/A $2,415 $2,250 $2,700
Oak Park, IL N/A $2,673 $2,695 $2,750
Evanston, IL $1,853 $2,300 $2,900 $2,802

Top Neighborhoods Near Lakeview

There are a total of 17 neighborhoods in or near Lakeview. Some of these neighborhoods include South Shore, Rogers Park, and Uptown. We've included all of these top 17 neighborhoods in or near Lakeview, Chicago, IL in the following chart.

The average rent for these 17 neighborhoods in or near Lakeview, Chicago, IL is currently around $2,200 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $2,200. Out of all the neighborhoods in or near Lakeview, South Shore has the most affordable average rent at $1,550 per month. Whereas, at $2,950 average rent per month, Near West Side is the most expensive neighborhood in or near Lakeview. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
South Shore, Chicago, IL $1,050 $1,175 $1,400 $1,550
Rogers Park, Chicago, IL $1,200 $1,525 $1,875 $1,650
Uptown, Chicago, IL $1,250 $1,600 $2,450 $1,688
Edgewater, Chicago, IL $1,308 $1,650 $2,100 $1,750
West Rogers Park, Chicago, IL N/A $1,450 $1,895 $1,850
Hyde Park, Chicago, IL $1,200 $1,500 $1,850 $2,000
Pilsen, Chicago, IL $1,485 $1,450 $1,925 $2,125
Humboldt Park, Chicago, IL N/A $2,175 $1,698 $2,163
Ravenswood, Chicago, IL $1,338 $1,650 $2,225 $2,200
Lincoln Park, Chicago, IL $1,750 $1,874 $3,500 $2,245
Logan Square, Chicago, IL $1,550 $1,795 $2,200 $2,250
Bronzeville, Chicago, IL $1,325 $1,675 $1,923 $2,298
South Loop, Chicago, IL $1,695 $2,000 $2,900 $2,550
The Loop, Chicago, IL $1,900 $2,200 $3,100 $2,750
Near North Side, Chicago, IL $1,700 $2,300 $3,600 $2,800
West Town, Chicago, IL $2,235 $2,243 $2,850 $2,913
Near West Side, Chicago, IL N/A $2,400 $2,850 $2,950

Top Counties Near Lakeview

There are a total of 17 counties located by Lakeview, Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,500. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Downers Grove, IL. It's average rent per month is $2,050. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Lakeview, Chicago, IL.

In comparison, rent for one bedroom listings in Lakeview, Chicago, IL is 2.71% more affordable than other counties nearby. Finally, rent for two bedrooms in Lakeview, Chicago, IL is 13.38% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Downers Grove, IL N/A $1,847 $2,050 $2,050
Chicago, IL $1,380 $1,778 $2,200 $2,100
Schaumburg, IL N/A $2,131 $2,100 $2,250
Milton, IL N/A $1,918 $2,235 $2,364
Maine, IL $1,290 $1,350 $2,250 $2,400
Palatine, IL N/A $2,313 $2,250 $2,500
Oak Park, IL N/A $2,673 $2,695 $2,750
Evanston, IL $1,853 $2,300 $2,900 $2,802
York, IL N/A $1,935 $2,911 $2,900
Vernon, IL N/A N/A $2,325 $3,200

Top Zipcodes Near Lakeview

There are a total of 5 zipcodes in or near Lakeview, Chicago, IL. The average rent for all of these zipcodes is $2,000. A total of 4 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 $1,985 per month. In comparison, the zipcode with the most expensive average rent of $2,900 per month is 60201, Evanston, IL.

Studios in these zipcodes have an average rent of $1,300. That's at least $2 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 $1,499 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,910 per month. Which comes out to $2 per sqft. The following chart includes the top 5 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
60618, Chicago, IL $1,600 $1,650 $2,000 $2,000
60625, Chicago, IL $1,300 $1,400 $1,838 $2,000
60641, Chicago, IL $1,050 $1,300 $1,750 $1,985
60201, Evanston, IL $2,306 $2,300 $3,400 $2,900
60615, Chicago, IL $1,175 $1,499 $1,910 $2,000

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 $2,400. 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 $1,498 and an average price per square feet of $2.99. There are a total of 42 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 $1,825 and an average price per square feet of $2.75. There are a total of 101 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 $2,598 and an average price per square feet of $2.60. There are a total of 96 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 0.16%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.17%, and three bedroom rental prices have changed by 0.07% year-over-year.
What is a reasonable rent price in Lakeview, Chicago, IL?
A reasonable rent price in Lakeview, Chicago, IL is around $1,920/month. You can search for these reasonably priced rental listings on RentHop.
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