
Cheap Homes for Rent in Lakeshore East Neighborhood of Chicago, IL from $2,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeshore East area of Chicago.


201 N Westshore Dr

400 E Randolph St, Unit 821

450 E Waterside Dr, Unit 407

400 E Randolph St, Unit 2022

400 E Randolph St, Unit 2316
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.

452 E Waterside Dr

445 E Waterside Dr

347 E Wacker Dr

326 E Wacker Dr

337 E Wacker Dr

201 N West Shore Dr, Unit 806A
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.

420 E Waterside Dr
Lakeshore East, Chicago, IL Local Guide

How much does it cost to rent a home in Lakeshore East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeshore East 2 Bedroom Homes for Rent | $4,503 | $3,780 | $6,000 |
| Lakeshore East 3 Bedroom Homes for Rent | $7,926 | $5,495 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 10 mile radius of the Lakeshore East Neighborhood of Chicago, IL.
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Lakeshore East, Chicago, IL Local Guide
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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 $2,296. Coast at Lakeshore East has the second lowest priced unit, which is a Studio apartment currently listed from $2,301. Here are the most affordable Lakeshore East apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| North Harbor Tower | S | Studio,1BA | $2,296 |
| Coast at Lakeshore East | Cx1A | Studio,1BA | $2,301 |
| Cascade | cast02a | Studio,1BA | $2,319 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio,1BA | $2,421 |
| Aqua at Lakeshore East | aqs106c | Studio,1BA | $2,435 |
Best Value Apartments for Rent in Lakeshore East, IL
As of June 24, 2026 the best value apartment in the Lakeshore East area is the $5.00 price per square foot 2x2A-ADA Model at Coast at Lakeshore East in the in the Magnificent Mile neighborhood starting from $5,482. The second greatest value Lakeshore East apartment is the ca2b06a Model at Cascade starting at $5,176 with a $5.19 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for Lakeshore East apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Coast at Lakeshore East | 2x2A-ADA | 2BR,2BA | $5.00 |
| Cascade | ca2b06a | 2BR,2BA | $5.19 |
| Aqua at Lakeshore East | aqv102b | Studio ,1BA | $4.84 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio ,1BA | $4.84 |
| North Harbor Tower | S | Studio ,1BA | $4.94 |
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 ArticleReal 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.
Read ArticleQuick 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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Frequently Asked Questions about Lakeshore East
What type of rentals are currently available in Lakeshore East?
There are currently 17 Apartments for Rent in Lakeshore East, IL with pricing that ranges from $2,175 to $6,588. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeshore East ranging from $2,000 to $11,200.
What is the current price range for Rental Homes in Lakeshore East?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeshore East ranges from $2,000 to $11,200 with an average monthly rent of $4,460.
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

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
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.

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.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.