
Cheap Homes for Rent in the Lakeshore East Neighborhood of Chicago, IL from $2,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeshore East area of Chicago.


347 E Wacker Dr

336 E Wacker Dr

445 E Waterside Dr

337 E Wacker Dr
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
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.

495 E Waterside Dr

201 N Westshore Dr, Unit 2509

340 E Randolph, Unit 1818

330 E Wacker Dr

411 N Harbor Dr
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.

400 E Randolph St
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 | $4,977 | $3,400 | $10,000+ |
| Lakeshore East 3 Bedroom Homes for Rent | $7,613 | $5,495 | $10,000+ |
| Lakeshore East 4 Bedroom Homes for Rent | $32,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 10 mile radius of the Lakeshore East Neighborhood of Chicago, IL.
Explore Chicago
Lakeshore East, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Homes for Rent in Lakeshore East, IL
As of September 23, 2026 the best value rental home in the Lakeshore East area is the $3.94 price per square foot 360 E Randolph St Model at 360 E Randolph St in the Magnificent Mile neighborhood starting from $9,450. The second greatest value Lakeshore East rental home is the 340 E Randolph St Model at 340 E Randolph St, Unit 4901 in the Magnificent Mile neighborhood starting at $11,800 with a $4.98 price per square foot. Here is today’s list of the best values for Lakeshore East homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 360 E Randolph St | 360 E Randolph St | 3BR, 3BA | $3.94 |
| 340 E Randolph St, Unit 4901 | 340 E Randolph St | 3BR, 4BA | $4.98 |
| 420 E Waterside Dr | 420 E Waterside Dr | 3BR, 3BA | $2.91 |
| 363 E Wacker Dr, Unit 2204 | 363 E Wacker Dr | 2BR, 2BA | $7.23 |
| 360 E Randolph St, Unit 2203 | 360 E Randolph St | 1BR, 1.5BA | $2.82 |
| 155 N Harbor Dr, Unit 4007 | 155 N Harbor Dr | 2BR, 2BA | $3.40 |
| 155 N Harbor Dr | 155 N Harbor Dr | 1BR, 1BA | $3.65 |
| 347 E Wacker Dr | 347 E Wacker Dr | 1BR, 1BA | $4.15 |
| 201 N West Shore Dr, Unit 806A | 201 N West Shore Dr | 1BR, 1BA | $3.93 |
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 ArticleNavigating 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.
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.
Pet Friendly LifestyleLakeshore East, Chicago, IL
Ranked #32
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Lakeshore East
What type of rentals are currently available in Lakeshore East?
There are currently 62 Apartments for Rent in Lakeshore East, IL with pricing that ranges from $980 to $20,000. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeshore East ranging from $2,200 to $32,000.
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 $2,200 to $32,000 with an average monthly rent of $5,377.
How much are larger Three and Four Bedroom Rentals in Lakeshore East?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeshore East range from $2,010 to $20,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,495 to $11,800. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,025.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.