Last updated
Average Rent in Lake View East & Rent Trends
Rent prices and market trends across 3 apartment communities in Lake View East, Chicago, IL. Updated daily.
Market Average
$2,825/mo
Lowest Available
$1,863/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
40
available now
Price Cuts This Week in Lake View East
19 listed units across 3 buildings in Lake View East dropped their asking rent in the past 7 days, an average cut of $84/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Reside on Barry | Unit 4, 002K | $3,449 | $3,249 | $200 |
| Reside on Barry | Unit 5, 012E | $3,477 | $3,277 | $200 |
| Reside on Barry | Unit 6, 014E | $3,507 | $3,307 | $200 |
| Reside on Barry | Unit 7, 014B | $3,507 | $3,307 | $200 |
| Reside on Barry | Unit 8, 016B | $3,510 | $3,310 | $200 |
| Reside on Surf | Unit 5 | $2,310 | $2,171 | $139 |
| The Belmont by Reside | Unit 13 | $2,996 | $2,877 | $119 |
| Reside on Barry | Unit 4 | $3,506 | $3,449 | $57 |
Lake View East vs Chicago, IL Average
Lake View East is cheaper than the Chicago, IL average by $272/mo (9%). The citywide average is $3,097/mo across all neighborhoods.
Is Rent Going Up or Down in Lake View East?
As of September 2026, the average rent in Lake View East is $2,825 per month across 3 apartment communities and 40 available units.
The most affordable option is The Belmont by Reside starting at $1,863/mo. By unit type, a studio averages $2,058/mo, a 1-bedroom averages $2,733/mo, a 2-bedroom averages $3,622/mo.
Prices range from $1,863 to $4,349 per month. The most common price point is the $1,800 range, where 6 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Lake View East
Rent Prices by Apartment in Lake View East
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Belmont by Reside | $1,863/mo | $3,003/mo | 24 | 4.7 |
| Reside on Surf | $1,913/mo | $2,122/mo | 8 | 4.4 |
| Reside on Barry | $2,445/mo | $2,993/mo | 8 | 4.4 |
Frequently Asked Questions About Rent in Lake View East
What is the average rent in Lake View East?
Is rent going up or down in Lake View East?
What is the cheapest apartment in Lake View East?
How much is a 1-bedroom apartment in Lake View East?
How many apartments are available in Lake View East?
What salary do I need to live comfortably in Lake View East?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$113,000/year
Based on the 30 percent rule, using our tracked average rent of $2,825/mo.
Comfortable income
$136,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,863/mo), you need to earn at least $75,000/year.
Median household income in Lake View East is $75,134 , about 45% below the comfortable-living threshold.
Cost of living in Lake View East
Overall prices in Lake View East runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lake View East's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,825 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $6,446/mo |
Population
2,707,648
Median household income
$75,134
Census median rent
$1,380/mo
Census rent burden
29.0%
Median age
35.7
Mean commute
34 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Lake View East Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Lake View East Apartments
Browse all 3 communities with daily-updated pricing and availability.