
Cheap Apartments for Rent in the New East Side Neighborhood of Chicago, IL from $1,600 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the New East Side area of Chicago.


Columbus Plaza

201 N Westshore Dr

400 E Randolph St, Unit 821

320 N. Michigan

263 E Wacker Dr

Millennium Park Plaza

North Harbor Tower
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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.

Wacker Place

Shoreham and Tides

326 E Wacker Dr

Coast at Lakeshore East

Aqua at Lakeshore East

347 E Wacker Dr

203 N Garland Ct

Total Monthly Price
60 E Randolph St, Unit SI FL8-ID1346
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201 N West Shore Dr, Unit 806A

MDA Apartments

The Tides at Lakeshore East

400 E Randolph St, Unit 2022

400 E Randolph St, Unit 3022

400 E Randolph St

400 E Randolph St, Unit 2316

420 E Waterside Dr
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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 | $2,592 | $2,046 | $3,412 |
| New East Side 1 Bedroom Apartments | $3,087 | $2,145 | $4,361 |
| New East Side 2 Bedroom Apartments | $4,580 | $2,960 | $6,015 |
| New East Side 3 Bedroom Apartments | $12,450 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the New East Side Neighborhood of Chicago, IL.
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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 Studio unit found at MDA Apartments priced from $1,925. 320 N. Michigan has the second lowest priced unit, which is a Studio apartment currently listed from $2,125. Here are the most affordable New East Side apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MDA Apartments | S2N - Modern | Studio,1BA | $1,925 |
| 320 N. Michigan | Studio | Studio,1BA | $2,125 |
| Millennium Park Plaza | 1 Bed / 1 Bath | 1BR,1BA | $2,145 |
| North Harbor Tower | S | Studio,1BA | $2,179 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio,1BA | $2,325 |
Best Value Apartments for Rent in New East Side, IL
As of July 09, 2026 the best value apartment in the New East Side area is the $5.53 price per square foot Penthouse C Model at Parkline Chicago in the in the Magnificent Mile neighborhood starting from $12,450. The second greatest value New East Side apartment is the 2x2A-ADA Model at Coast at Lakeshore East starting at $5,288 with a $4.82 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. |
|---|---|---|---|
| Parkline Chicago | Penthouse C | 3BR,3.5BA | $5.53 |
| Coast at Lakeshore East | 2x2A-ADA | 2BR,2BA | $4.82 |
| Aqua at Lakeshore East | aqv102b | Studio ,1BA | $4.95 |
| Cascade | cast02c | Studio ,1BA | $6.02 |
| Millie On Michigan | A09.3 | Studio ,1BA | $5.81 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio ,1BA | $4.65 |
| North Harbor Tower | S | Studio ,1BA | $4.69 |
| MDA Apartments | S2N - Modern | Studio ,1BA | $5.50 |
Frequently Asked Questions about Cheap New East Side Apartments
What is the Cheapest Studio apartment in New East Side?
Currently the most affordable Cheap Studio Apartment in New East Side is at MDA Apartments listed at $1,925.
How much is rent for a Cheap One Bedroom New East Side Apartment?
The lowest price for a Cheap One Bedroom New East Side Apartment is $2,145 at Millennium Park Plaza.
What is the lowest price for a Cheap Two Bedroom New East Side Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New East Side is starting from $2,970 at MDA Apartments.
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
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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.

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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
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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
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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.