Cheap Apartments for Rent in the Lakeshore East Neighborhood of Chicago, IL from $980 (17 Rentals)

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

property at 201 N Westshore Dr
$2,200 - $4,000

Total Monthly Price

Base Rent$2,200 - $4,000

Total Monthly Price$2,200 - $4,000
Studio To 2 Bedroom Condos for Rent
Available Oct 1
Affordability

201 N Westshore Dr

ChicagoIL60601
property at 347 E Wacker Dr
$2,430 - $3,780

Total Monthly Price

Base Rent$2,430 - $3,780

Total Monthly Price$2,430 - $3,780
Studio To 2 Bedroom Condos for Rent
Available Now
Affordability

347 E Wacker Dr

ChicagoIL60601
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Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

property at 201 N Westshore Dr
$2,624

Total Monthly Price

Base Rent$2,624

Total Monthly Price$2,624
1 Bedroom, 1 Bath Condo for Rent
Available Sep 28
Luxury

201 N Westshore Dr, Unit 2509

201 N Westshore Dr
ChicagoIL60601
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property at 340 E Randolph
$2,650

Total Monthly Price

Base Rent$2,650

Total Monthly Price$2,650
1 Bedroom, 1 Bath Condo for Rent
Available Oct 14
Affordability

340 E Randolph, Unit 1818

340 E Randolph
ChicagoIL60601
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 445 E Waterside Dr
$2,440 - $2,580
Studio To 1 Bedroom Rentals
Available Now
Affordability

445 E Waterside Dr

ChicagoIL60601

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Lakeshore East, Chicago, IL Local Guide

Cheapest Available Lakeshore East Apartments for Rent

 

The cheapest available apartment rental in the Lakeshore East area of Chicago, IL is a Studio unit found at North Harbor Tower priced from $2,236. Aqua at Lakeshore East has the second lowest priced unit, which is a Studio apartment currently listed from $2,431. Here are the most affordable Lakeshore East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
North Harbor TowerSStudio, 1BA$2,236
Aqua at Lakeshore Eastaqs107aStudio, 1BA$2,431
Shoreham and TidesCONVERTIBLE 03 - THE SHOREHAM1BR, 1BA$2,509
Cascadecami04b1BR, 1BA$2,517
Coast at Lakeshore EastSx1BStudio, 1BA$2,525

Best Value Apartments for Rent in Lakeshore East, IL

As of September 22, 2026 the best value apartment in the Lakeshore East area is the $2.83 price per square foot 333 E Wacker Dr Model at 333 E Wacker Dr, Unit 17 in the Magnificent Mile neighborhood starting from $3,400. The second greatest value Lakeshore East apartment is the aqa113d Model at Aqua at Lakeshore East in the Magnificent Mile neighborhood starting at $3,154 with a $4.30 price per square foot. Here is today’s list of the best values for Lakeshore East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
333 E Wacker Dr, Unit 17333 E Wacker Dr2BR, 2BA$2.83
Aqua at Lakeshore Eastaqa113d1BR, 1BA$4.30
Shoreham and TidesONE BEDROOM 06 - THE SHOREHAM1BR, 1BA$4.60
Coast at Lakeshore EastCx1AStudio, 1BA$5.20
Cascadecast02bStudio, 1BA$5.74
North Harbor TowerSStudio, 1BA$4.85

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
Lakeshore East, Chicago, IL

Ranked #32

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Lakeshore East Apartments

What is a cheap apartment in Lakeshore East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeshore East is under $2,525.

What is the price of a cheap apartment in Lakeshore East?

The cheapest apartment in Lakeshore East is Shoreham and Tides which is listed at $2,509, while the average apartment in Lakeshore East costs $2,663.

What types of apartments are the cheapest in Lakeshore East?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 162 regular apartments in Lakeshore East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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