Cheap Apartments for Rent in the Lake Shore East Neighborhood of Chicago, IL from $1,800 (20 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Park Millennium
Studio to 3 Bedroom Apartments

Park Millennium

222 N Columbus DrChicago, IL 60601
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The Lancaster
1 to 3 Bedroom Apartments

The Lancaster

201 N Westshore DrChicago, IL 60601

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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.

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The Regatta
1 to 4 Bedroom Apartments

The Regatta

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

The Buckingham

360 E Randolph DrChicago, IL 60601
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340 On The Park
Studio Apartments

340 On The Park

340 E RandolphChicago, IL 60601

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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 Harbor Tower priced from $2,118. Shoreham and Tides has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,270. Here are the most affordable Lake Shore East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
North Harbor TowerS1 & S2Studio,1BA$2,118
Shoreham and Tides1 BEDROOM 05/07 - TIDES1BR,1BA$2,270
Columbus Plaza1 Bedroom1BR,1BA$2,301
Aqua at Lakeshore Eastaqs105eStudio,1BA$2,398
Coast at Lakeshore EastSx1BStudio,1BA$2,571

Best Value Apartments for Rent in Lake Shore East, IL

As of May 19, 2026 the best value apartment in the Lake Shore East area is the $4.98 price per square foot 2x2A-ADA Model at Coast at Lakeshore East in the in the Magnificent Mile neighborhood starting from $5,466. The second greatest value Lake Shore East apartment is the 1 Bedroom Elite Model at Columbus Plaza starting at $2,371 with a $2.99 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.
Coast at Lakeshore East2x2A-ADA2BR,2BA$4.98
Columbus Plaza1 Bedroom Elite1BR,1BA$2.99
Shoreham and TidesCONVERTIBLE 10 - THE SHOREHAM1BR,1BA$4.29
Aqua at Lakeshore Eastaqs107bStudio ,1BA$4.30
Cascadecami04b1BR,1BA$5.42
North Water ApartmentssaStudio ,1BA$4.76
North Harbor TowerSStudio ,1BA$4.57

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 Harbor Tower listed at $2,118.

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 $2,262 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 $3,970 at Shoreham and Tides.

Expert Rental Resources

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.

Helpful Local Expert Guides

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

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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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

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Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.