Cheap Homes for Rent in New East Side Neighborhood of Chicago, IL from $1,900 (8 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 Studio unit found at MDA Apartments priced from $1,875. Millennium Park Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,945. Here are the most affordable New East Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
MDA ApartmentsS2N - ModernStudio,1BA$1,875
Millennium Park PlazaStudioStudio,1BA$1,945
Aqua at Lakeshore Eastaqs105dStudio,1BA$2,142

Best Value Apartments for Rent in New East Side, IL

As of September 14, 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
Columbus Plaza2 Bedroom2BR,2BA$2.68
73 East Lake10aStudio ,1BA$4.34
Aqua at Lakeshore Eastaqv108dStudio ,1BA$4.58
Shoreham and TidesCONVERTIBLE 10 - TIDES1BR,1BA$4.21
450 E Waterside Dr, Unit 1BD450 E Waterside Dr1BR,1BA$4.25
MILASAStudio ,1BA$4.56
Coast at Lakeshore EastCx1AStudio ,1BA$4.86
North Harbor TowerVStudio ,1BA$4.39

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
New East Side, Chicago, IL

Ranked #53

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 31 Apartments for Rent in New East Side, IL with pricing that ranges from $1,605 to $13,500. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in New East Side ranging from $1,920 to $30,000.

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 $30,000 with an average monthly rent of $7,926.

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 $4,945 to $10,935, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,500 to $16,000. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $10,000.

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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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.