Cheap Homes for Rent in River East Neighborhood of Chicago, IL from $1,200 (109 Rentals)

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

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 117 N Clark St

117 N Clark St

ChicagoIL60602

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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property at 211 E Ohio St

211 E Ohio St

ChicagoIL60611
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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 3 Beds unit found at Buckingham priced from $999. 11 W. Division has the second lowest priced unit, which is a Studio apartment currently listed from $1,225. Here are the most affordable River East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Buckingham3x2. Floors 3-133BR,2BA$999
11 W. DivisionStudioStudio,1BA$1,225
25 E. DelawareStudioStudio,1BA$1,295
Gramercy Row ApartmentsStudio Floor Plan S3Studio,1BA$1,330
18 E. ElmStudioStudio,1BA$1,345
Dearborn NorthStudio #16Studio,1BA$1,350
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,375
1100 North LasalleStudioStudio,1BA$1,390

Best Value Apartments for Rent in River East, IL

As of June 01, 2025 the best value apartment in the River East area is the $0.24 price per square foot 920 N Wells St Model at 920 N Wells St, Unit # 01705 in the in the Magnificent Mile neighborhood starting from $2,380. The second greatest value River East apartment is the B3PH Model at Fisher Building Apartments starting at $3,670 with a $2.45 price per square foot in the Chicago Loop 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.
920 N Wells St, Unit # 01705920 N Wells StStudio ,1BA$0.24
Fisher Building ApartmentsB3PH2BR,1.5BA$2.45
1005 N La Salle Dr, Unit 11005 N La Salle Dr3BR,2BA$2.57
Lofts At River East1 Bedroom Plus Den1BR,1BA$2.35
211 E Ohio St, Unit 718211 E Ohio St2BR,2BA$2.50
Buckingham4x2. Floors 19-214BR,2BA$1.63
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Axis Apartments and LoftsOne Bedroom1BR,1BA$2.54
440 N. Wabash Ave.1 Bedroom - 1 Bathroom1BR,1BA$2.53
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$2.39

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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Frequently Asked Questions about River East

What type of rentals are currently available in River East?

There are currently 472 Apartments for Rent in River East, IL with pricing that ranges from $1,105 to $23,973. There are also 466 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,200 to $32,500.

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 $1,200 to $32,500 with an average monthly rent of $6,290.

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 $3,350 to $23,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,750 to $32,500. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $7,000.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.