Cheap Apartments for Rent in the River East Neighborhood of Chicago, IL from $900 (71 Rentals)

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Search the lowest-cost Apartments available for rent right now in the River East area of Chicago.

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1154 N Dearborn St
$1,425 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $1,475
Total Monthly Price
$1,425 - $1,475
Studio Apartment Available Now

1154 N Dearborn St

1154 N Dearborn StChicago, IL 60610
Affordability
property at 1140 N La Salle Dr

$1,471 - $2,005

Studio To 1 Bedroom Rentals

Available Apr 7

1140 N La Salle Dr

ChicagoIL60610

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property at 512 N McClurg Ct

$1,900 - $4,000

Studio To 2 Bedroom Rentals

Available Now

512 N McClurg Ct

ChicagoIL60611
property at 440 N Wabash Ave

$1,950 - $2,850

Studio To 1 Bedroom Rentals

Available Now

440 N Wabash Ave

ChicagoIL60611

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Showing Results 1-50, Page 1 of 2

River East, Chicago, IL Local Guide

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 $1,275. Here are the most affordable River East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Maple1 Bedroom 1 Bathroom1BR,1BA$1,230
11 W. DivisionStudioStudio,1BA$1,275
Gramercy Row ApartmentsStudio Floor Plan S15Studio,1BA$1,333
1036 N. DearbornStudioStudio,1BA$1,395
1164 N DearbornStudioStudio,1BA$1,425
25 E. DelawareStudio 1Studio,1BA$1,425
211 E. DelawareStudioStudio,1BA$1,465
The Oliver on LaSalleStudioStudio,1BA$1,497

Best Value Apartments for Rent in River East, IL

As of March 09, 2026 the best value apartment in the River East area is the $2.09 price per square foot 2br/2ba Model at 1154 N Dearborn St in the in the Magnificent Mile neighborhood starting from $3,550. The second greatest value River East apartment is the 333 E Wacker Dr Model at 333 E Wacker Dr, Unit 17 starting at $3,400 with a $2.83 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1154 N Dearborn St2br/2ba2BR,2BA$2.09
333 E Wacker Dr, Unit 17333 E Wacker Dr2BR,2BA$2.83
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Fisher Building ApartmentsA71BR,1BA$3.02
545 N Dearborn St, Unit 2201B545 N Dearborn St1BR,1BA$2.69
1120 N. LaSalle1-BR/1BA1BR,1BA$2.61
127 Maple AveL11BR,1BA$2.93
Dearborn NorthConvertible1BR,1BA$2.68
Atrium at Old Town ParkStudio BStudio ,1BA$2.71
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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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 $1,497.

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 $28,302.

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 17 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 $506 which is $27,796 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

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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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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.

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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.

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.