Cheap Homes for Rent in River East Neighborhood of Chicago, IL from $1,400 (124 Rentals)

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

property at 431 S Dearborn St

$1,500 - $2,225

Studio To 1 Bedroom Rentals

Available Now

431 S Dearborn St

ChicagoIL60605

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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property at 777 N Michigan Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

Studio, 1 Bath Condo for Rent

Available Aug 1

777 N Michigan Ave, Unit 904

777 N Michigan Ave
ChicagoIL60611
property at 200 N Dearborn St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

200 N Dearborn St, Unit 1503

200 N Dearborn St
ChicagoIL60601
property at 130 N Garland Ct

$2,000 - $2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $2,200
Total Monthly Price
$2,000 - $2,200

Studio, 1 Bath Condo for Rent

Available Now

130 N Garland Ct

ChicagoIL60602

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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property at 211 E Ohio St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

211 E Ohio St, Unit 1711

211 E Ohio St
ChicagoIL60611
property at 1122 N Clark St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

Studio, 1 Bath Condo for Rent

Available Now

1122 N Clark St, Unit 1122

1122 N Clark St
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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property at 401 E Ontario St

$2,100 - $2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,100 - $2,250
Total Monthly Price
$2,100 - $2,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

401 E Ontario St

ChicagoIL60611
property at 201 N Westshore Dr

$2,100 - $4,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,100 - $4,000
Total Monthly Price
$2,100 - $4,000

Studio To 2 Bedroom Condos for Rent

Available Now

201 N Westshore Dr

ChicagoIL60601
property at 630 N Franklin St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

630 N Franklin St, Unit 513

630 N Franklin St
ChicagoIL60654

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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property at 535 N Michigan Ave

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150
Total Monthly Price
$2,150

Studio, 1 Bath Condo for Rent

Available Now

535 N Michigan Ave, Unit 2507

535 N Michigan Ave
ChicagoIL60611
property at 235 W Van Buren St

$2,200 - $3,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $3,100
Total Monthly Price
$2,200 - $3,100

1 To 2 Bedroom Condos for Rent

Available Now

235 W Van Buren St

ChicagoIL60607
property at 630 N Franklin St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

630 N Franklin St, Unit # 0513

630 N Franklin St
ChicagoIL60654

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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Showing Results 1-50, Page 1 of 3

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 $1,245. 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$1,245
1036 N. DearbornStudioStudio,1BA$1,375
25 E. DelawareStudio 1Studio,1BA$1,445
18 E. ElmStudioStudio,1BA$1,445
211 E. DelawareStudioStudio,1BA$1,465
The Oliver on LaSalleStudioStudio,1BA$1,493
244 E. PearsonStudioStudio,1BA$1,675
The Buckingham4x2 All Private Floors 14-184BR,2BA$1,754

Best Value Apartments for Rent in River East, IL

As of May 28, 2026 the best value apartment in the River East area is the $2.11 price per square foot Two Bedroom 1324 sq ft Model at 440 N. Wabash Ave. in the in the Magnificent Mile neighborhood starting from $2,800. The second greatest value River East apartment is the 2-BR/2BA Model at 750 N. Rush starting at $3,557 with a $2.88 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.
440 N. Wabash Ave.Two Bedroom 1324 sq ft2BR,2BA$2.11
750 N. Rush2-BR/2BA2BR,2BA$2.88
The Buckingham4x2 All Private Floors 3-134BR,2BA$1.67
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Millennium on LaSallea121BR,1BA$3.08
Asbury PlazaDeluxe One Bedroom1BR,1BA$2.96
1133 N. Dearborn1-BR/1BA1BR,1BA$2.89
545 N Dearborn St, Unit 2201B545 N Dearborn St1BR,1BA$3.08
127 Maple AveL11BR,1BA$2.93
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

Frequently Asked Questions about River East

What type of rentals are currently available in River East?

There are currently 399 Apartments for Rent in River East, IL with pricing that ranges from $999 to $23,973. There are also 502 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,492 to $23,500.

What is the current price range for Rental Homes in River East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in River East ranges from $1,492 to $23,500 with an average monthly rent of $7,882.

How much are larger Three and Four Bedroom Rentals in River East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in River East range from $999 to $23,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,950 to $23,500. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $999.

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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Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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Written by: Lauren Harrington

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