Cheap Apartments for Rent in the Lake Shore East Neighborhood of Chicago, IL from $1,800 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Lake Shore East area of Chicago.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

property at 480 N McClurg Ct

480 N McClurg Ct

ChicagoIL60611
close
View Me
Columbus Plaza
Studio to 3 Bedroom Apartments

Columbus Plaza

233 E Wacker DrChicago, IL 60601

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Lake Shore East, Chicago, IL Local Guide

Cheapest Available Lake Shore East Apartments for Rent

 

The cheapest available apartment rental in the Lake Shore East area of Chicago, IL is a Studio unit found at Cityfront Place priced from $1,982. Aqua at Lakeshore East has the second lowest priced unit, which is a Studio apartment currently listed from $2,010. Here are the most affordable Lake Shore East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Cityfront PlaceS05Studio,1BA$1,982
Aqua at Lakeshore Eastaqs106aStudio,1BA$2,010
Columbus PlazaConvertible1BR,1BA$2,105
North Harbor TowerVStudio,1BA$2,270
Shoreham and TidesSTUDIO 16 - THE SHOREHAMStudio,1BA$2,340
Cascadecast01aStudio,1BA$2,341
Coast at Lakeshore EastSx1CStudio,1BA$2,354
North Water ApartmentsSAStudio,1BA$2,511

Best Value Apartments for Rent in Lake Shore East, IL

As of November 13, 2025 the best value apartment in the Lake Shore East area is the $2.52 price per square foot 187 N Westshore Dr Model at 187 N Westshore Dr in the in the Magnificent Mile neighborhood starting from $4,500. The second greatest value Lake Shore East apartment is the 460 E Waterside Dr Model at 460 E Waterside Dr, Unit 2 starting at $4,590 with a $4.61 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for Lake Shore East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
187 N Westshore Dr187 N Westshore Dr3BR,2.5BA$2.52
460 E Waterside Dr, Unit 2460 E Waterside Dr2BR,2BA$4.61
North Water Apartments1P1BR,1BA$4.61
455 N Park Dr455 N Park Dr1BR,1BA$3.82
Aqua at Lakeshore Eastaqv108dStudio ,1BA$4.26
Columbus PlazaConvertible1BR,1BA$3.57
Shoreham and TidesSTUDIO 16 - THE SHOREHAMStudio ,1BA$4.25
North Harbor TowerVStudio ,1BA$4.37
Cascadecast01aStudio ,1BA$4.60
Cityfront PlaceS04Studio ,1BA$4.06

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lake Shore East, Chicago, IL

Ranked #59

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Lake Shore East Neighborhood in Chicago, IL

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

94 / 100

Rider’s Paradise

World-class public transportation

Frequently Asked Questions about Cheap Lake Shore East Apartments

What is the Cheapest Studio apartment in Lake Shore East?

Currently the most affordable Cheap Studio Apartment in Lake Shore East is at Cityfront Place listed at $1,982.

How much is rent for a Cheap One Bedroom Lake Shore East Apartment?

The lowest price for a Cheap One Bedroom Lake Shore East Apartment is $2,105 at Columbus Plaza.

What is the lowest price for a Cheap Two Bedroom Lake Shore East Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Shore East is starting from $3,450 at Shoreham and Tides.

What is the most affordable Lake Shore East Three Bedroom Apartment?

The best deal on a cheap Lake Shore East Three Bedroom Apartment rental is at North Harbor Tower and starts from $4,860.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.