Cheap Homes for Rent in New East Side Neighborhood of Chicago, IL from $2,000 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 130 N Garland Ct

$2,000 - $2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $2,200

Total Monthly Price
$2,000 - $2,200

Studio, 1 Bath Condo for Rent

Available Now

130 N Garland Ct

ChicagoIL60602
property at 201 N Westshore Dr

$2,100 - $4,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,100 - $4,000

Total Monthly Price
$2,100 - $4,000

Studio To 2 Bedroom Condos for Rent

Available Now

201 N Westshore Dr

ChicagoIL60601
property at 400 E Randolph St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

400 E Randolph St, Unit 3712

400 E Randolph St
ChicagoIL60601
property at 400 E Randolph St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

Studio, 1 Bath Condo for Rent

Available Now

400 E Randolph St, Unit 2022

400 E Randolph St
ChicagoIL60601

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.

property at 222 N Columbus Dr

$2,389

Total Monthly Price

Total Monthly Price

Base Rent
$2,389

Total Monthly Price
$2,389

1 Bedroom, 1 Bath Condo for Rent

Available Now

222 N Columbus Dr, Unit 2806

222 N Columbus Dr
ChicagoIL60601
property at 347 E Wacker Dr

$2,430 - $3,780

Total Monthly Price

Total Monthly Price

Base Rent
$2,430 - $3,780

Total Monthly Price
$2,430 - $3,780

Studio To 2 Bedroom Condos for Rent

Available Now

347 E Wacker Dr

ChicagoIL60601

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.

property at 420 E Waterside Dr

$2,590 - $4,995

Total Monthly Price

Total Monthly Price

Base Rent
$2,590 - $4,995

Total Monthly Price
$2,590 - $4,995

1 To 3 Bedroom Condos for Rent

Available Jun 1

420 E Waterside 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.

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 $1,900. 320 N. Michigan has the second lowest priced unit, which is a Studio apartment currently listed from $2,025. Here are the most affordable New East Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
MDA ApartmentsS3N - ModernStudio,1BA$1,900
320 N. MichiganStudioStudio,1BA$2,025
Shoreham and TidesSTUDIO 13 - THE SHOREHAMStudio,1BA$2,110
Millennium Park Plaza1 Bed / 1 Bath1BR,1BA$2,145
North Harbor TowerS1 & S2Studio,1BA$2,220

Best Value Apartments for Rent in New East Side, IL

As of May 31, 2026 the best value apartment in the New East Side area is the $4.93 price per square foot Penthouse C Model at Parkline Chicago in the in the Magnificent Mile neighborhood starting from $11,087. The second greatest value New East Side apartment is the 09b Model at 73 East Lake starting at $4,838 with a $3.88 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 C3BR,3.5BA$4.93
73 East Lake09b2BR,2BA$3.88
Coast at Lakeshore East2x2A-ADA2BR,2BA$4.98
Columbus Plaza1 Bedroom Elite1BR,1BA$3.02
Aqua at Lakeshore Eastaqs107bStudio ,1BA$4.67
Cascadecami04b1BR,1BA$5.22
Millie On MichiganA09.3Studio ,1BA$5.32
Shoreham and TidesSTUDIO 06 - THE SHOREHAMStudio ,1BA$4.78
North Harbor TowerSStudio ,1BA$4.79
MDA ApartmentsS3N - ModernStudio ,1BA$5.21

Frequently Asked Questions about New East Side

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

There are currently 30 Apartments for Rent in New East Side, IL with pricing that ranges from $1,760 to $20,886. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in New East Side ranging from $2,000 to $23,500.

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 $23,500 with an average monthly rent of $6,540.

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 $5,706 to $13,465, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,995 to $23,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $10,000.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.