Cheap Apartments for Rent in the New East Side Neighborhood of Chicago, IL from $1,800 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the New East Side area of Chicago.

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Columbus Plaza
Studio to 3 Bedroom Apartments

Columbus Plaza

233 E Wacker DrChicago, IL 60601
property at 400 E Randolph St

400 E Randolph St

ChicagoIL60601
Showing Results 1-27, Page 1 of 1

New East Side, Chicago, IL Local Guide

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 $1,875. MDA Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,900. Here are the most affordable New East Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Millennium Park PlazaStudioStudio,1BA$1,875
MDA ApartmentsS14 - HistoricStudio,1BA$1,900
Columbus PlazaStudioStudio,1BA$2,097
Aqua at Lakeshore Eastaqv108aStudio,1BA$2,174
320 N. Michigan1 Bedroom1BR,1BA$2,245
North Harbor TowerVStudio,1BA$2,395
Shoreham and Tides1 BEDROOM 05/07 - TIDES1BR,1BA$2,410
Coast at Lakeshore EastCx1AStudio,1BA$2,506
Cascadecacon11aStudio,1BA$2,612
73 East Lake10aStudio,1BA$2,662

Best Value Apartments for Rent in New East Side, IL

As of October 05, 2025 the best value apartment in the New East Side area is the $4.65 price per square foot Penthouse B Model at Parkline Chicago in the in the Magnificent Mile neighborhood starting from $12,300. The second greatest value New East Side apartment is the 326 N Michigan Ave Model at 326 N Michigan Ave, Unit 3N starting at $5,250 with a $3.28 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Parkline ChicagoPenthouse B4BR,3.5BA$4.65
326 N Michigan Ave, Unit 3N326 N Michigan Ave2BR,2BA$3.28
73 East Lake01a1BR,1BA$3.87
Millennium Park Plaza1 Bedroom/ 1 Bathroom1BR,1BA$2.73
Aqua at Lakeshore Eastaqv108dStudio ,1BA$4.27
Shoreham and TidesCONVERTIBLE 03 - TIDES1BR,1BA$4.03
Columbus PlazaStudioStudio ,1BA$3.57
MDA ApartmentsS13 - HistoricStudio ,1BA$3.93
Coast at Lakeshore EastCx1AStudio ,1BA$4.80
North Harbor TowerVStudio ,1BA$4.61

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Pet Friendly Lifestyle
New East Side, Chicago, IL

Ranked #52

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 Millennium Park Plaza listed at $1,875.

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 $2,045 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 $3,180 at MDA Apartments.

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 North Harbor Tower and starts from $4,585.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.