Cheap Apartments for Rent in the River East Neighborhood of Chicago, IL from $900 (120 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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The Art of the Rental Viewing: What to look for during a property tour

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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
25 E. DelawareStudio 1Studio,1BA$1,365
1100 North LasalleStudioStudio,1BA$1,390
18 E. ElmStudio 1Studio,1BA$1,425
211 E. DelawareStudioStudio,1BA$1,425

Best Value Apartments for Rent in River East, IL

As of November 10, 2025 the best value apartment in the River East area is the $2.52 price per square foot 187 N Westshore Dr Model at 187 N Westshore Dr in the in the Magnificent Mile neighborhood starting from $4,500. The second greatest value River East apartment is the 2BR / 2BA Model at DEARBORN DISTRICT starting at $3,450 with a $2.03 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.
187 N Westshore Dr187 N Westshore Dr3BR,2.5BA$2.52
DEARBORN DISTRICT2BR / 2BA2BR,2BA$2.03
West77 ApartmentsTwo Bedroom Two Bathroom2BR,2BA$2.48
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Lakeside 800Three Bedroom3BR,1BA$2.54
50 W Randolph St, Unit 90550 W Randolph St1BR,1BA$2.64
206 W Division St, Unit 2F206 W Division St1BR,1BA$2.63
745 N Dearborn St745 N Dearborn St1BR,1BA$2.63
Millennium Park Plaza1 Bedroom/ 1 Bathroom1BR,1BA$2.66
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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

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

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A 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

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Quick Rent Budget Calculator

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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Pet Friendly Lifestyle
River East, Chicago, IL

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,425.

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 $28,320.

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 38 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 $193 which is $28,127 cheaper than the average rent for all rentals in River East.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.