Lakeview, Chicago, Cook County, IL Rental Market Trends
Last updated: October 12, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lakeview is $2,302, a 6.24% increase compared to the previous year, when the average rent was $2,166.
Studio Apartments at $1,603 offer the most budget-friendly option with 418 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 681 square feet for $2,236, balancing privacy and affordability.
Two-bedroom units at $3,425 offer 1,047 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,587 sq ft) for $4,331, suitable for larger households.
Average rent in Lakeview, Chicago, Cook County, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,302 | 689 sq. ft. |
| Studio | $1,603 | 418 sq. ft. |
| 1 Bed | $2,236 | 681 sq. ft. |
| 2 Beds | $3,425 | 1,047 sq. ft. |
| 3 Beds | $4,331 | 1,587 sq. ft. |
Lakeview, Chicago, Cook County, IL rent trends
Rental prices in Lakeview, Chicago, Cook County, IL have increased by 6.24% over the past year. The average rent moved from $2,166 to $2,302.
What's the typical rent budget in Lakeview, Chicago, Cook County, IL?
The largest share of rentals in Lakeview, Chicago, Cook County, IL (31%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lakeview, Chicago, Cook County, IL?
22,033 or 62% of the households in Lakeview, Chicago, Cook County, IL are renter-occupied while 13,332 or 38% are owner-occupied.
Most affordable neighborhoods in Lakeview?
Austin $1,180/month
Washington Park $1,253/month
Englewood $1,270/month
All of these neighborhoods fall below the city wide average of $2,531/month.Most expensive neighborhoods in Lakeview?
River North $3,419/month
Wrightwood $3,783/month
Sheffield $4,051/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $4,051 |
| Wrightwood | $3,783 |
| River North | $3,419 |
| Fulton Market | $3,369 |
| Greektown | $3,362 |
| Bucktown | $3,361 |
| Streeterville | $3,250 |
| Old Town Chicago | $3,187 |
| Downtown Chicago | $3,130 |
| Goose Island | $3,101 |
| Near East Side Chicago | $3,100 |
| Near West Side | $3,091 |
| West Town | $3,054 |
| River West | $3,044 |
| Old Town Triangle | $3,033 |
| Wicker Park | $3,009 |
| Fulton River District | $2,996 |
| Chicago Loop | $2,991 |
| Near North Side Chicago | $2,909 |
| East Village | $2,860 |
| Tri-Taylor | $2,850 |
| South Loop | $2,802 |
| Humboldt Park | $2,791 |
| Gold Coast | $2,670 |
| Cabrini - Green | $2,567 |
| West Loop | $2,472 |
| Printer's Row | $2,463 |
| Lincoln Park | $2,428 |
| Little Italy | $2,318 |
| Lakeview | $2,302 |
| Logan Square | $2,296 |
| Ravenswood | $2,135 |
| Palmer Square | $2,122 |
| East Hyde Park | $2,114 |
| Andersonville | $2,012 |
| Park West | $1,987 |
| Kenwood | $1,976 |
| Clarendon Park | $1,964 |
| Stateway Gardens | $1,948 |
| Bronzeville | $1,828 |
| Bryn Mawr Historic District | $1,782 |
| Oakland | $1,781 |
| Buena Park | $1,770 |
| Margate Park | $1,764 |
| Hyde Park | $1,714 |
| Uptown Chicago | $1,676 |
| Woodlawn | $1,631 |
| West Rogers Park | $1,616 |
| Rogers Park | $1,539 |
| North Kenwood | $1,509 |
| Edgewater Beach | $1,506 |
| East Garfield Park | $1,502 |
| Sheridan Park | $1,442 |
| South Shore | $1,381 |
| Jefferson Park | $1,345 |
| Edgewater | $1,326 |
| Douglas Park | $1,294 |
| Englewood | $1,270 |
| Washington Park | $1,253 |
| Austin | $1,180 |
Chicago | Rent Comparison by Neighborhood
Rent in Lakeview is 14% higher than in Andersonville
Lakeview rent is the same as Chicago average
Andersonville rent is 13% lower than Chicago average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lakeview apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.