As one of the city’s most beautiful and prestigious neighborhoods, Lakeshore East is a wonderful place to call home — especially if you value luxury living. Here in this high-end, master-planned community, you’re steps from all the city has to offer. There’s an award-winning 6-acre park just outside your doors. Village Market houses a Mariano’s Fresh Market, III Forks Prime Steakhouse, Eggy’s, MingHin Cuisine and more. On top of that, the area is 40 percent green and features the Midwest’s first Silver LEED certified building. It’s in the heart of Millennium Park. Located at the intersection of the Chicago River and Lake Michigan, Lakeshore East is a walkable community filled with a variety of premier condos, apartments and town homes.
What does it cost to live here? If you’re curious about Lakeshore East average rent prices, here’s what you’ll need to know.
While prices vary building to building, the average rent is $2,394. This is 32 percent higher than the city’s average as a whole, which reflects the benefits and amenities of the community. To break down this price further, it’s helpful to examine how average rent in Lakeshore East Chicago varies by apartment sizes. Generally, the median price for a studio is $1,657; a one-bedroom, $2,190; a two-bedroom, $3,390; and a three-bedroom, $4,842.
An extremely desirable area, Lakeshore East has some of the most expensive rental prices in Chicago. While it doesn’t command the single highest average rate, it is in the top five for the city. More expensive areas include River North, where the average is $2,463, and River West, where rates are around $2,424. Streeterville and the Loop are also slightly more expensive, in general, than Lakeshore East. Otherwise, this community is pricier than most parts of the city. Its averages run almost 40 percent higher than Lincoln Park, for example, where rates are typically $1,726. Likewise, Lakeshore East is almost 10 percent more expensive than the Gold Coast.
Are you interested in living in Lakeshore East? This hot neighborhood has a lot to offer in exchange for its rates. Check out our listings for luxury apartment rentals in Lakeshore East today!