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$1,302 - $2,202Studio to 2 Bedroom Apartments Available Aug 28
Gramercy Row Apartments
660 N Dearborn StChicago, IL 60654
Cheap Apartments for Rent in the River East Neighborhood of Chicago, IL from $900 (224 Rentals)
Search the lowest-cost Apartments available for rent right now in the River East area of Chicago.
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$1,315 - $1,515Studio Apartments Contact Us For Availability
Dearborn Plaza
1030 N Dearborn StChicago, IL 60610
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$1,365 - $1,375Studio Apartments Available Now
11 W. Division
11 W Division StChicago, IL 60610
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$1,375 - $2,045Studio to 1 Bedroom Apartments Available Now
1036 N. Dearborn
1036 N Dearborn StChicago, IL 60610
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$1,395 - $3,295Studio to 3 Bedroom Apartments Available Aug 31
Pittsfield Apartments
55 E Washington StChicago, IL 60602
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$1,395 - $1,495Studio Apartments Available Now
25 E. Delaware
25 E Delaware PlChicago, IL 60611
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$1,425 - $1,895Studio to 1 Bedroom Apartments Available Aug 1
Dearborn North
1117 N Dearborn StChicago, IL 60610
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$1,430
Total Monthly Price
Studio Apartments Available Nov 22Total Monthly Price
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$1,430
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$1,430
61 W Erie St, Unit SI FL2-ID1396
61 W Erie StChicago, IL 60654
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$1,445 - $1,675Studio Apartments Available Now
211 E. Delaware
211 E Delaware PlChicago, IL 60611
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$1,495 - $1,750Studio Apartments Available Aug 1
1164 N Dearborn
1164 N DearbornChicago, IL 60610
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.
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$1,495 - $1,925Studio to 1 Bedroom Apartments Available Now
18 E. Elm
18 E Elm StChicago, IL 60611
1164 N Dearborn St, Unit 204
1164 N Dearborn St
ChicagoIL60610
1164 N Dearborn St, Unit 1164-410
1164 N Dearborn St
ChicagoIL60610
1164 N Dearborn St, Unit 1164-213
1164 N Dearborn St
ChicagoIL60610
1023 N Dearborn St, Unit 502
1023 N Dearborn St
ChicagoIL60610
1023 N Dearborn St, Unit 413
1023 N Dearborn St
ChicagoIL60610
1023 N Dearborn St, Unit 312
1023 N Dearborn St
ChicagoIL60610
1160 N Dearborn St, Unit #204
1160 N Dearborn St
ChicagoIL60610
1140 N La Salle Dr, Unit 624
1140 N La Salle Dr
ChicagoIL60610
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$1,555 - $2,600Studio to 2 Bedroom Apartments Contact Us For Availability
14 West Elm Apartments
14 W Elm StChicago, IL 60610
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.
1140 N La Salle Dr, Unit 206
1140 N La Salle Dr
ChicagoIL60610
1164 N Dearborn St
ChicagoIL60610
1023 N Dearborn St, Unit 615
1023 N Dearborn St
ChicagoIL60610
1164 N Dearborn St, Unit 1164-515
1164 N Dearborn St
ChicagoIL60610
1140 N La Salle Dr, Unit 525
1140 N La Salle Dr
ChicagoIL60610
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$1,590 - $2,150Studio to 1 Bedroom Apartments Contact Us For Availability
1100 North Lasalle
1100 N La Salle BlvdChicago, IL 60610
1164 N Dearborn St, Unit 205
1164 N Dearborn St
ChicagoIL60610
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$1,600 - $2,200
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Studio to 1 Bedroom Apartment Available Aug 1Total Monthly Price
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$1,600 - $2,200
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$1,600 - $2,200
1136 N La Salle Dr
1136 N La Salle DrChicago, IL 60610
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$1,615 - $3,616
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$1,615 - $3,616
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1120 N. LaSalle
1120 LaSalle DrChicago, IL 60610
1140 N La Salle Dr, Unit 803
1140 N La Salle Dr
ChicagoIL60610
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.
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$1,660
Total Monthly Price
Studio Apartments Available Nov 8Total Monthly Price
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$1,660
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$1,660
61 W Erie St, Unit SI FL5-ID1412
61 W Erie StChicago, IL 60654
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$1,750 - $3,561
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Studio to 2 Bedroom Apartments Available Aug 1Total Monthly Price
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$1,750 - $3,561
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1000 N. LaSalle
1000-1030 N LaSalle DrChicago, IL 60610
1164 N Dearborn St, Unit 301
1164 N Dearborn St
ChicagoIL60610
1023 N Dearborn, Unit 103
1023 N Dearborn
ChicagoIL60610
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$1,760 - $4,525Studio to 3 Bedroom Apartments Available Now
Axis Apartments and Lofts
441 E Erie StChicago, IL 60611
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$1,789 - $3,323
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Studio to 2 Bedroom Apartments Available Aug 1Total Monthly Price
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$1,789 - $3,323
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55 W. Chestnut
55 W Chestnut StChicago, IL 60610
1164 N Dearborn St, Unit 301
1164 N Dearborn St
ChicagoIL60610
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$1,800
Total Monthly Price
Studio Apartment Available Aug 1Total Monthly Price
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$1,800
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$1,800
260 E Chestnut St, Unit 2306
260 E Chestnut StChicago, IL 60611
1150 N Lake Shore Dr, Unit APT 14J
1150 N Lake Shore Dr
ChicagoIL60611
111 W Maple St, Unit 708
111 W Maple St
ChicagoIL60610
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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$1,809 - $3,239Studio to 1 Bedroom Apartments Available Now
The Seneca Apartments
200 E Chestnut StChicago, IL 60611
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$1,824 - $4,902
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$1,824 - $4,902
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1111 N. Dearborn
1111 N Dearborn StChicago, IL 60610
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$1,825 - $2,345Studio to 1 Bedroom Apartments Available Now
244 E. Pearson
244 E. Pearson StChicago, IL 60611
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$1,869 - $4,064
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,869 - $4,064
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1133 N. Dearborn
1133 N Dearborn StChicago, IL 60610
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$1,875 - $3,300Studio to 1 Bedroom Apartments Available Now
Marina City
300 N State StChicago, IL 60654
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$1,890 - $3,670Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
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$1,896 - $23,973Studio to 4 Bedroom Apartments Available Now
ONE Old Town Park
1140 N Wells StChicago, IL 60610
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$1,935 - $2,240Studio to 1 Bedroom Apartments Available Sep 10
40 East Oak
40 E Oak StChicago, IL 60611
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$1,945 - $2,415Studio to 1 Bedroom Apartments Available Jul 28
330 S. Wells St
330 S Wells StChicago, IL 60606
777 N Michigan Ave
ChicagoIL60611
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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River East, Chicago, IL Local Guide
How much does it cost to rent an apartment in River East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| River East Studio Apartments | $2,540 | $1,306 | $4,740 |
| River East 1 Bedroom Apartments | $3,146 | $1,600 | $8,128 |
| River East 2 Bedroom Apartments | $4,761 | $1,790 | $10,000+ |
| River East 3 Bedroom Apartments | $6,436 | $989 | $10,000+ |
| River East 4 Bedroom Apartments | $2,847 | $924 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 224 rentals with your search options within a 1 mile radius of the River East Neighborhood of Chicago, IL.
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River East, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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Cheapest Available River East Apartments for Rent
The cheapest available apartment rental in the River East area of Chicago, IL is a 1 Bed unit found at Maple priced from $1,230. 11 W. Division has the second lowest priced unit, which is a Studio apartment currently listed from $1,365. Here are the most affordable River East apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maple | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,230 |
| 11 W. Division | Studio | Studio,1BA | $1,365 |
| 1036 N. Dearborn | Studio | Studio,1BA | $1,375 |
| 25 E. Delaware | Studio 1 | Studio,1BA | $1,395 |
| 211 E. Delaware | Studio | Studio,1BA | $1,445 |
| 18 E. Elm | Studio | Studio,1BA | $1,495 |
| Atrium at Old Town Park | 1 Bedroom | 1BR,1BA | $1,756 |
| Axis Apartments and Lofts | Studio | Studio,1BA | $1,795 |
| 244 E. Pearson | Studio | Studio,1BA | $1,825 |
| 1133 N. Dearborn | STUD/1BA | Studio,1BA | $1,869 |
Best Value Apartments for Rent in River East, IL
As of July 09, 2026 the best value apartment in the River East area is the $2.50 price per square foot Four Bedroom Model at 116-120 Chestnut Properties in the in the Magnificent Mile neighborhood starting from $7,500. The second greatest value River East apartment is the Two Bedroom 1324 sq ft Model at 440 N. Wabash Ave. starting at $2,800 with a $2.11 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for River East apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 116-120 Chestnut Properties | Four Bedroom | 4BR,3.5BA | $2.50 |
| 440 N. Wabash Ave. | Two Bedroom 1324 sq ft | 2BR,2BA | $2.11 |
| Elm Street Plaza | One Bedroom | 1BR,1BA | $2.88 |
| 607 N Wells St | 607 N Wells St | 1BR,1BA | $2.88 |
| Asbury Plaza | Deluxe One Bedroom | 1BR,1BA | $2.81 |
| 1120 N. LaSalle | 1-BR/1BA | 1BR,1BA | $2.78 |
| 1111 N. Dearborn | 1-BR/1BA | 1BR,1BA | $2.82 |
| Lake Shore Plaza | One Bedroom | 1BR,1BA | $2.78 |
| Atrium at Old Town Park | 1 Bedroom | 1BR,1BA | $2.66 |
| Maple | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.28 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Illinois including River East, Chicago, and the greater Chicago area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap River East Apartments
What is a cheap apartment in River East?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in River East is under $1,869.
What is the price of a cheap apartment in River East?
The cheapest apartment in River East is Maple which is listed at $1,230, while the average apartment in River East costs $16,519.
What types of apartments are the cheapest in River East?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in River East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in River East?
Cheap apartments in River East have an average cost of $631 which is $15,888 cheaper than the average rent for all rentals in River East.
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.