Cheap Apartments for Rent in the Lake Shore East Neighborhood of Chicago, IL from $1,800 (16 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Columbus Plaza
Studio to 2 Bedroom Apartments

Columbus Plaza

233 E Wacker DrChicago, IL 60601
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201 N Westshore Dr
1 to 3 Bedroom Apartments

201 N Westshore Dr

201 N Westshore DrChicago, IL 60601
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Park Millennium
Studio to 3 Bedroom Apartments

Park Millennium

222 N Columbus DrChicago, IL 60601
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400 E Randolph St
Studio to 2 Bedroom Apartments

400 E Randolph St

400 E Randolph StChicago, IL 60601
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450 E Waterside Dr
1 to 3 Bedroom Apartments

450 E Waterside Dr

450 E Waterside DrChicago, IL 60601
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The Buckingham
1 to 3 Bedroom Apartments

The Buckingham

360 E Randolph DrChicago, IL 60601

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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420 E Waterside Dr
1 to 4 Bedroom Apartments

420 E Waterside Dr

420 E Waterside DrChicago, IL 60601
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155 N Harbor Dr
1 to 3 Bedroom Apartments

155 N Harbor Dr

155 N Harbor DrChicago, IL 60601

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 North Water Apartments priced from $2,311. Shoreham and Tides has the second lowest priced unit, which is a Studio apartment currently listed from $2,345. Here are the most affordable Lake Shore East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
North Water ApartmentsSAStudio,1BA$2,311
Shoreham and TidesSTUDIO 06 - THE SHOREHAMStudio,1BA$2,345
Aqua at Lakeshore Eastaqs105bStudio,1BA$2,432
North Harbor TowerA21BR,1BA$2,550
Coast at Lakeshore EastSx1BStudio,1BA$2,620

Best Value Apartments for Rent in Lake Shore East, IL

As of July 03, 2025 the best value apartment in the Lake Shore East area is the $3.08 price per square foot 187 N Westshore Dr Model at 187 N Westshore Dr, Unit 3702 in the in the Magnificent Mile neighborhood starting from $5,500. The second greatest value Lake Shore East apartment is the B06 Model at Cityfront Place starting at $3,901 with a $3.34 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 Dr, Unit 3702187 N Westshore Dr3BR,2.5BA$3.08
Cityfront PlaceB062BR,2BA$3.34
455 N Park Dr, Unit 2407455 N Park Dr1BR,1BA$3.82
North Harbor TowerA1BR,1BA$3.44
Coast at Lakeshore East1x1L1BR,1BA$4.60
North Water Apartments1B1BR,1BA$5.07
Cascadecacon11aStudio ,1BA$5.14
Aqua at Lakeshore Eastaqs105bStudio ,1BA$4.26
Shoreham and TidesSTUDIO 06 - THE SHOREHAMStudio ,1BA$4.69

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.

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Pet Friendly Lifestyle
Lake Shore East, Chicago, IL

Ranked #55

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 North Water Apartments listed at $2,311.

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 $2,536 at Shoreham and Tides.

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 $3,901 at Cityfront Place.

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 $5,555.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.