Cheap Homes for Rent in New East Side Neighborhood of Chicago, IL from $1,900 (20 Rentals)

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

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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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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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

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 $1,640. Here are the most affordable New East Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Post Chicago Apartments4 Bed 3 Bath4BR,3BA$1,179
MDA ApartmentsS2N - ModernStudio,1BA$1,640
Columbus PlazaConvertible1BR,1BA$1,849
Aqua at Lakeshore EastStudio/1 BathStudio,1BA$1,900
Millennium Park PlazaStudioStudio,1BA$1,995

Best Value Apartments for Rent in New East Side, IL

As of June 17, 2025 the best value apartment in the New East Side area is the $3.71 price per square foot 2 Bed/2 Bath Model at Aqua at Lakeshore East in the in the Magnificent Mile neighborhood starting from $4,298. The second greatest value New East Side apartment is the 3 Bed 2 Bath Model at Post Chicago Apartments starting at $1,249 with a $1.19 price per square foot in the Parc Chesnut 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.
Aqua at Lakeshore East2 Bed/2 Bath2BR,2BA$3.71
Post Chicago Apartments3 Bed 2 Bath3BR,2BA$1.19
460 E Waterside Dr, Unit 2460 E Waterside Dr2BR,2BA$3.87
77 E Lake St, Unit 177 E Lake St1BR,1BA$4.05
North Harbor TowerA1BR,1BA$3.38
73 East Lake10aStudio ,1BA$4.10
Coast at Lakeshore East1x1L1BR,1BA$4.03
MILASBStudio ,1BA$4.11
Columbus PlazaConvertible1BR,1BA$3.14
CascadeStudio / 1 BathStudio ,1BA$3.72

Quick Rent Budget Calculator

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Frequently Asked Questions about New East Side

What type of rentals are currently available in New East Side?

There are currently 34 Apartments for Rent in New East Side, IL with pricing that ranges from $1,179 to $23,362. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in New East Side ranging from $1,920 to $45,000.

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 $1,920 to $45,000 with an average monthly rent of $10,502.

How much are larger Three and Four Bedroom Rentals in New East Side?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New East Side range from $1,249 to $23,362, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,500 to $12,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,179.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.