
Cheap Homes for Rent in the New East Side Neighborhood of Chicago, IL from $2,000 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the New East Side area of Chicago.


400 E Randolph St, Unit 821

263 E Wacker Dr

400 E Randolph St, Unit 3022

130 N Garland Ct
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

400 E Randolph St, Unit 2316

347 E Wacker Dr

Total Monthly Price
60 E Randolph St, Unit SI FL8-ID1346

201 N West Shore Dr, Unit 806A

420 E Waterside Dr
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.
New East Side, Chicago, IL Local Guide

How much does it cost to rent a home in New East Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New East Side 2 Bedroom Homes for Rent | $4,855 | $3,500 | $10,000+ |
| New East Side 3 Bedroom Homes for Rent | $10,367 | $5,635 | $10,000+ |
Browse Homes for Rent 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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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 |
Best Value Apartments for Rent in New East Side, IL
As of July 16, 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 02 Model at 73 East Lake starting at $3,304 with a $4.20 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 |
| 73 East Lake | 02 | 1BR,1BA | $4.20 |
| Aqua at Lakeshore East | aqv102b | Studio ,1BA | $4.97 |
| Coast at Lakeshore East | Cx1A | Studio ,1BA | $5.17 |
| Cascade | cast02c | Studio ,1BA | $6.02 |
| Millie On Michigan | A09.3 | Studio ,1BA | $5.87 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio ,1BA | $4.61 |
| North Harbor Tower | S | Studio ,1BA | $4.74 |
| MDA Apartments | S2N - Modern | Studio ,1BA | $5.50 |
Frequently Asked Questions about New East Side
What type of rentals are currently available in New East Side?
There are currently 29 Apartments for Rent in New East Side, IL with pricing that ranges from $1,685 to $12,450. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in New East Side ranging from $2,000 to $12,500.
What is the current price range for Rental Homes in New East Side?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New East Side ranges from $2,000 to $12,500 with an average monthly rent of $5,169.
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
Written by: Nicole Harms
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
Written by: Nicole Harms
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
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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
Written by: Robin Stewart
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
Written by: Robin Stewart
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
Written by: Christine Leonard, Esq.
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.