Cheap Apartments for Rent in the River East Neighborhood of Chicago, IL from $949 (283 Rentals)

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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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1000 N. LaSalle
Rent Specials
$1,750 - $3,530
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$1,750 - $3,530
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Studio to 2 Bedroom Apartments Available Now

1000 N. LaSalle

1000-1030 N LaSalle DrChicago, IL 60610
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55 W. Chestnut
$1,789 - $3,323
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$1,789 - $3,323
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Studio to 2 Bedroom Apartments Available Sep 1

55 W. Chestnut

55 W Chestnut StChicago, IL 60610
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1120 N. LaSalle
$1,816 - $3,616
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$1,816 - $3,616
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Studio to 2 Bedroom Apartments Available Sep 1

1120 N. LaSalle

1120 LaSalle DrChicago, IL 60610
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1111 N. Dearborn
$1,824 - $4,902
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$1,824 - $4,902
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Studio to 3 Bedroom Apartments Available Now

1111 N. Dearborn

1111 N Dearborn StChicago, IL 60610
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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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1133 N. Dearborn
Rent Specials
$1,869 - $4,064
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$1,869 - $4,064
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Studio to 2 Bedroom Apartments Available Now

1133 N. Dearborn

1133 N Dearborn StChicago, IL 60610
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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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property at 111 E Chestnut St

$1,975 - $4,650

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$1,975 - $4,650
Total Monthly Price
$1,975 - $4,650

1 To 3 Bedroom Condos for Rent

Available Now

111 E Chestnut St

ChicagoIL60611
property at 777 N Michigan Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
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$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Sep 16

777 N Michigan Ave, Unit 2106

777 N Michigan Ave
ChicagoIL60611
property at 130 N Garland Ct

$2,000 - $2,100

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$2,000 - $2,100
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$2,000 - $2,100

Studio, 1 Bath Condo for Rent

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130 N Garland Ct

ChicagoIL60602
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102 W Chicago Ave
$2,025 - $2,093
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$2,025 - $2,093
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$2,025 - $2,093
Studio to 1 Bedroom Apartment Available Sep 17

102 W Chicago Ave

102 W Chicago AveChicago, IL 60654
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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

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 ListingModel NameBed/BathPriced From
Maple1 Bedroom 1 Bathroom1BR,1BA$1,230
11 W. DivisionStudioStudio,1BA$1,365
211 E. DelawareStudioStudio,1BA$1,515
1036 N. DearbornStudioStudio,1BA$1,535
1162 - 1168 N La Salle Blvd1168 N. LaSalle Dr.1BR,1BA$1,590
Atrium at Old Town ParkStudio BStudio,1BA$1,659
1000 N. LaSalleSTUD/1BAStudio,1BA$1,750
63 E LakeS9Studio,1BA$1,779

Best Value Apartments for Rent in River East, IL

As of August 23, 2026 the best value apartment in the River East area is the $2.74 price per square foot 33 E Division St Model at 33 E Division St, Unit #3 in the in the Magnificent Mile neighborhood starting from $6,300. The second greatest value River East apartment is the 187 N Westshore Dr Model at 187 N Westshore Dr starting at $4,350 with a $2.81 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.
33 E Division St, Unit #333 E Division St3BR,3BA$2.74
187 N Westshore Dr187 N Westshore Dr2BR,2BA$2.81
Fisher Building ApartmentsC5PH2BR,2.5BA$2.74
440 N. Wabash Ave.Two Bedroom 1324 sq ft2BR,2BA$2.42
333 E Wacker Dr, Unit 17333 E Wacker Dr2BR,2BA$2.83
Asbury PlazaOne Bedroom1BR,1BA$2.74
1111 N. Dearborn1-BR/1BA1BR,1BA$2.82
Atrium at Old Town ParkStudio AStudio ,1BA$2.74
1162 - 1168 N La Salle Blvd1168 N. LaSalle Dr.1BR,1BA$2.77
Maple1 Bedroom 1 Bathroom1BR,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

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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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Real 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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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 $1,779.

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 $2,980.

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 21 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 $316 which is $2,664 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.

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