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Cheap Apartments for Rent in the New East Side Neighborhood of Chicago, IL from $1,600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the New East Side area of Chicago.
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Rent Specials
$1,790 - $2,905Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
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400 E Randolph St, Unit 2521
400 E Randolph St
ChicagoIL60601
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$1,995 - $3,6951 to 3 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
130 N Garland Ct, Unit 2901
130 N Garland Ct
ChicagoIL60602
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.
230 N Columbus Dr
ChicagoIL60601
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$2,041 - $4,426Studio to 2 Bedroom Apartments Available Now
Aqua at Lakeshore East
225 N Columbus DrChicago, IL 60601
400 E Randolph St
ChicagoIL60601
222 N Columbus Dr
ChicagoIL60601
222 N Columbus Dr, Unit 1906
222 N Columbus Dr
ChicagoIL60601
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$2,210 - $9,325Studio to 3 Bedroom Apartments Available Now
North Harbor Tower
175 N Harbor DrChicago, IL 60601
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$2,2101 Bedroom Apartments Available Jan 20, 2026
225 N Columbus Dr
225 N Columbus DrChicago, IL 60601
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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300 N Columbus Dr
ChicagoIL60601
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Rent Specials
$2,254 - $5,099Studio to 2 Bedroom Apartments Available Now
Millie On Michigan
300 N Michigan AveChicago, IL 60601
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$2,282 - $8,208Studio to 3 Bedroom Apartments Available Now
Cascade
455 E Waterside DrChicago, IL 60601
499 E Waterside Dr
ChicagoIL60601
333 E Wacker Dr
ChicagoIL60601
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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$2,354 - $4,884Studio to 3 Bedroom Apartments Available Now
Coast at Lakeshore East
345 E Wacker DrChicago, IL 60601
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360 E Randolph St, Unit 2206
360 E Randolph St
ChicagoIL60601
155 N Harbor Dr, Unit 4606
155 N Harbor Dr
ChicagoIL60601
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222 N Columbus Dr
ChicagoIL60601
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
47 E Lake St
ChicagoIL60601
130 N Garland Ct
ChicagoIL60602
Showing Results 1-30, Page 1 of 1
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 | $2,362 | $1,640 | $3,430 |
| New East Side 1 Bedroom Apartments | $2,855 | $1,995 | $4,884 |
| New East Side 2 Bedroom Apartments | $4,422 | $2,730 | $10,000+ |
| New East Side 3 Bedroom Apartments | $9,180 | $3,695 | $10,000+ |
| New East Side 4 Bedroom Apartments | $12,300 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 30 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 Studio unit found at Millennium Park Plaza priced from $1,925. Aqua at Lakeshore East has the second lowest priced unit, which is a Studio apartment currently listed from $2,041. Here are the most affordable New East Side apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Park Plaza | Studio | Studio,1BA | $1,925 |
| Aqua at Lakeshore East | aqs106a | Studio,1BA | $2,041 |
| MDA Apartments | S13 - Historic | Studio,1BA | $2,065 |
| Columbus Plaza | Convertible | 1BR,1BA | $2,105 |
| North Harbor Tower | V1 | Studio,1BA | $2,210 |
| 320 N. Michigan | 1 Bedroom | 1BR,1BA | $2,245 |
| Coast at Lakeshore East | Sx1C | Studio,1BA | $2,354 |
| Cascade | cast01a | Studio,1BA | $2,399 |
| Shoreham and Tides | CONVERTIBLE 03 - THE SHOREHAM | 1BR,1BA | $2,449 |
Best Value Apartments for Rent in New East Side, IL
As of November 20, 2025 the best value apartment in the New East Side area is the $4.61 price per square foot 460 E Waterside Dr Model at 460 E Waterside Dr, Unit 2 in the in the Magnificent Mile neighborhood starting from $4,590. The second greatest value New East Side apartment is the 1 Bedroom/ 1 Bathroom Model at Millennium Park Plaza starting at $1,995 with a $2.66 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. |
|---|---|---|---|
| 460 E Waterside Dr, Unit 2 | 460 E Waterside Dr | 2BR,2BA | $4.61 |
| Millennium Park Plaza | 1 Bedroom/ 1 Bathroom | 1BR,1BA | $2.66 |
| 73 East Lake | 05 | Studio ,1BA | $4.00 |
| Shoreham and Tides | ONE BEDROOM 05 - THE SHOREHAM | 1BR,1BA | $4.04 |
| Columbus Plaza | Convertible | 1BR,1BA | $3.56 |
| Aqua at Lakeshore East | aqs105e | Studio ,1BA | $4.10 |
| MDA Apartments | V2 - Historic | Studio ,1BA | $4.11 |
| North Harbor Tower | V1 | Studio ,1BA | $4.18 |
| Cascade | cast01a | Studio ,1BA | $4.71 |
| 203 N Wabash Ave, Unit 1905 | 203 N Wabash Ave | Studio ,1BA | $4.69 |
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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick 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 #55
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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 the Cheapest Studio apartment in New East Side?
Currently the most affordable Cheap Studio Apartment in New East Side is at Aqua at Lakeshore East listed at $2,041.
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 $1,995 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 $2,895 at Millennium Park Plaza.
What is the most affordable New East Side Three Bedroom Apartment?
The best deal on a cheap New East Side Three Bedroom Apartment rental is at Millennium Park Plaza and starts from $3,695.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.