Lakeview is one of Chicago’s most desirable neighborhoods — and for good reasons. Given all that it has to offer, it’s surprising that the average rent in Lakeview tends to be relatively affordable compared to the rest of Chicago.
In Lakeview you’ll find tree lined residential streets and lots of green space along with main strips of retail, lively nightlife, music venues, theatre, and dining. The Belmont theatre district has over 30 live performance venues ranging from live music, comedy venues like the Laugh Factory, and theaters like The Vic. Although the residential streets are often quiet, the nightlife scene along Halsted, Broadway, Southport, and Belmont tend to be very lively. Wrigley Field (home of the Chicago Cubs) is also located in the heart of Lakeview and the surrounding Wrigleyville is a great place to go out year round. This north side neighborhood also features lots of outdoor amenities like running trails, Diversey Driving Range, multiple large parks, and best of all– the lakefront along Lake Michigan. In addition to having several dog parks, lots of bars and restaurants in Lakeview are dog friendly, making this a great area in Chicago for pet owners to live. Public transportation throughout the city is also a breeze, with the CTA red, brown, and purple line trains all running through multiple parts of the neighborhood.
Lakeview is comprised of several sub-neighborhoods like Sheridan Corridor, North Halsted, Southport Corridor, Wrigleyville and Lakeview East.
The average rent in Lakeview is about $1,750, making it 17% lower than the Chicago average. That said, costs vary widely based on apartment size and buildings. You can find it all in here, from luxury high-rises to Victorian walkups and brownstones. For studios, costs can be anywhere between $900-1900, between $1200-2600 for one-bedroom apartments, between $1800-$3600 for two bedrooms, and between $2500-$5000 for three-bedroom apartments. While these ranges are wide, they demonstrate the versatility available in this much-beloved community. On the whole given the area’s popularity, rental prices in Lakeview are trending up.
Here is a table of the average rent prices in Lakeview:
| Apartment Size | Average Rent |
|---|---|
| Studio | $1,500 |
| 1 Bedroom | $1,900 |
| 2 Bedrooms | $2,750 |
| 3 Bedrooms | $3,400 |
| 4 Bedrooms | $3,995 |
Lakeview average rent prices tend to be comparable to neighborhoods such as Roscoe Village, Logan Square, and Tri-Taylor. Rent is 13% lower than in nearby Lincoln Park and 30% lower than Wicker Park. Rent tends to be more affordable compared to areas like River North, Gold Coast, or the West Loop and Fulton Market.
Are you looking for apartments for rent in Lakeview Chicago or want to learn more about the average cost of living? Browse our available listings.
