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from $1,765Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
Cheap Apartments for Rent in the New East Side Neighborhood of Chicago, IL from $1,000 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the New East Side area of Chicago.
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from $1,765Studio to 2 Bedroom Apartments Available Now
Shoreham and Tides
400 E South Water StChicago, IL 60601
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from $1,875Studio to 3 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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from $1,895Studio to 2 Bedroom Apartments Available Now
320 N. Michigan
320 N Michigan AveChicago, IL 60601
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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from $1,900Studio to 2 Bedroom Apartments Available Now
Aqua at Lakeshore East
225 N Columbus DrChicago, IL 60601
400 E Randolph St, Unit 2521
400 E Randolph St
ChicagoIL60601
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222 N Columbus Dr
ChicagoIL60601
400 E Randolph St
ChicagoIL60601
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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New East Side, Chicago, IL Local Guide
How much does it cost to rent an apartment in New East Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New East Side Studio Apartments | $3,163 | $1,765 | $6,304 |
| New East Side 1 Bedroom Apartments | $3,911 | $1,895 | $8,741 |
| New East Side 2 Bedroom Apartments | $6,483 | $2,895 | $10,000+ |
| New East Side 3 Bedroom Apartments | $6,116 | $1,099 | $10,000+ |
| New East Side 4 Bedroom Apartments | $2,079 | $1,179 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the New East Side Neighborhood of Chicago, IL.
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New East Side, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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Cheapest Available New East Side Apartments for Rent
The cheapest available apartment rental in the New East Side area of Chicago, IL is a 4 Beds unit found at Post Chicago Apartments priced from $1,179. MDA Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,765. Here are the most affordable New East Side apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Post Chicago Apartments | 4 Bed 3 Bath | 4BR,3BA | $1,179 |
| MDA Apartments | S8N - Modern | Studio,1BA | $1,765 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,875 |
Best Value Apartments for Rent in New East Side, IL
As of June 03, 2025 the best value apartment in the New East Side area is the $3.44 price per square foot 3A - 12 Model at 180 North Jefferson in the in the Printer's Row neighborhood starting from $6,104. The second greatest value New East Side apartment is the 2 Bed/2 Bath Model at Aqua at Lakeshore East starting at $4,298 with a $3.71 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for New East Side apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 180 North Jefferson | 3A - 12 | 3BR,3BA | $3.44 |
| Aqua at Lakeshore East | 2 Bed/2 Bath | 2BR,2BA | $3.71 |
| Sentral Michigan Avenue | B3 | 2BR,2BA | $3.76 |
| Cascade | 2 Bed / 2 Bath | 2BR,2BA | $3.98 |
| Post Chicago Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.05 |
| 460 E Waterside Dr, Unit 2 | 460 E Waterside Dr | 2BR,2BA | $4.05 |
| North Harbor Tower | A | 1BR,1BA | $3.59 |
| The Residences at NewCity | One Bedroom D+ | 1BR,1BA | $4.40 |
| Columbus Plaza | Convertible | 1BR,1BA | $3.25 |
| MILA | SA | Studio ,1BA | $4.41 |
Quick Rent Budget Calculator
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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 LifestyleNew East Side, Chicago, IL
Ranked #44
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the New East Side Neighborhood in Chicago, IL
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
100 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap New East Side Apartments
What is a cheap apartment in New East Side?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New East Side is under $2,427.
What is the price of a cheap apartment in New East Side?
The cheapest apartment in New East Side is 320 N. Michigan which is listed at $1,895, while the average apartment in New East Side costs $6,083.
What types of apartments are the cheapest in New East Side?
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 44 regular apartments in New East Side that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in New East Side?
Cheap apartments in New East Side have an average cost of $1,044 which is $5,039 cheaper than the average rent for all rentals in New East Side.
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.
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.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.