
Cheap Homes for Rent in New East Side Neighborhood of Chicago, IL from $2,000 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the New East Side area of Chicago.


201 N Westshore Dr

400 E Randolph St, Unit 821

400 E Randolph St, Unit 3712

400 E Randolph St, Unit 2022

450 E Waterside Dr, Unit 407

190 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

400 E Randolph St, Unit 2402

195 N Harbor Dr

222 N Columbus Dr, Unit 2806

319 E Wacker Dr

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

347 E Wacker 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.

151 E Randolph St

375 E Wacker Dr, Unit 385 East Wacker

83 E Wacker Pl

79 E Lake St

201 N West Shore Dr, Unit 806A

Total Monthly Price
225 N Columbus Dr, Unit SI FL23-ID1197

420 E Waterside Dr
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.
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 | $4,419 | $3,500 | $7,000 |
| New East Side 3 Bedroom Homes for Rent | $11,520 | $4,995 | $10,000+ |
| New East Side 4 Bedroom Homes for Rent | $11,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 21 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 $1,900. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MDA Apartments | S3N - Modern | Studio,1BA | $1,900 |
| 320 N. Michigan | Studio | Studio,1BA | $2,025 |
| Shoreham and Tides | STUDIO 13 - THE SHOREHAM | Studio,1BA | $2,110 |
| Millennium Park Plaza | 1 Bed / 1 Bath | 1BR,1BA | $2,145 |
| North Harbor Tower | S1 & S2 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkline Chicago | Penthouse C | 3BR,3.5BA | $4.93 |
| 73 East Lake | 09b | 2BR,2BA | $3.88 |
| Coast at Lakeshore East | 2x2A-ADA | 2BR,2BA | $4.98 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $3.02 |
| Aqua at Lakeshore East | aqs107b | Studio ,1BA | $4.67 |
| Cascade | cami04b | 1BR,1BA | $5.22 |
| Millie On Michigan | A09.3 | Studio ,1BA | $5.32 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio ,1BA | $4.78 |
| North Harbor Tower | S | Studio ,1BA | $4.79 |
| MDA Apartments | S3N - Modern | Studio ,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

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

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.

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.

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.

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.