Cheap Homes for Rent in the River East Neighborhood of Chicago, IL from $1,400 (112 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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!

Read Article
property at 253 E Delaware Pl

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

Studio, 1 Bath Condo for Rent

Available Now

253 E Delaware Pl, Unit 6E

253 E Delaware Pl
ChicagoIL60611

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.

Read Article
property at 777 N Michigan Ave

$1,800 - $1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $1,950
Total Monthly Price
$1,800 - $1,950

Studio, 1 Bath Condo for Rent

Available Aug 1

777 N Michigan Ave

ChicagoIL60611
property at 111 E Chestnut St

$1,975 - $4,650

Total Monthly Price

Total Monthly Price

Base Rent
$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

$1,800 - $4,300

Studio To 2 Bedroom Rentals

Available Aug 1

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 Now

200 N Dearborn St, Unit Condo

200 N Dearborn St
ChicagoIL60601

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.

Read Article
property at 130 N Garland Ct

$2,000 - $2,100

Total Monthly Price

Total Monthly Price

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

Studio, 1 Bath Condo for Rent

Available Aug 1

130 N Garland Ct

ChicagoIL60602
property at 440 N Wabash Ave

$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

440 N Wabash Ave, Unit 2903

440 N Wabash Ave
ChicagoIL60611
property at 152 W Superior St

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050
Total Monthly Price
$2,050

Studio, 1 Bath Condo for Rent

Available Now

152 W Superior St, Unit 4R

152 W Superior St
ChicagoIL60654
property at 1122 N Clark St

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050
Total Monthly Price
$2,050

Studio, 1 Bath Condo for Rent

Available Now

1122 N Clark St, Unit 1122

1122 N Clark St
ChicagoIL60610

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

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

Read Article
property at 216 N Wells 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 Aug 1

216 N Wells St, Unit 1402

216 N Wells St
ChicagoIL60606
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 Jul 23

201 N Westshore Dr

ChicagoIL60601
property at 200 N Dearborn 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 Now

200 N Dearborn St, Unit 2405

200 N Dearborn St
ChicagoIL60601

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.

Read Article
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 $1,365. 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
1036 N. DearbornStudioStudio,1BA$1,395
211 E. DelawareStudioStudio,1BA$1,445
1164 N DearbornStudioStudio,1BA$1,450
18 E. ElmStudioStudio,1BA$1,495
25 E. DelawareStudio 1Studio,1BA$1,525
Axis Apartments and LoftsStudioStudio,1BA$1,760
244 E. PearsonStudioStudio,1BA$1,825
MDA ApartmentsS2N - ModernStudio,1BA$1,925

Best Value Apartments for Rent in River East, IL

As of July 21, 2026 the best value apartment in the River East area is the $2.50 price per square foot Four Bedroom Model at 116-120 Chestnut Properties in the in the Magnificent Mile neighborhood starting from $7,500. The second greatest value River East apartment is the C5PH Model at Fisher Building Apartments starting at $3,635 with a $2.74 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.
116-120 Chestnut PropertiesFour Bedroom4BR,3.5BA$2.50
Fisher Building ApartmentsC5PH2BR,2.5BA$2.74
440 N. Wabash Ave.Two Bedroom 1324 sq ft2BR,2BA$2.11
10 E. Ontario St.2 Bedroom2BR,2BA$2.88
607 N Wells St607 N Wells St1BR,1BA$2.88
211 E Ohio St, Unit 2719211 E Ohio St1BR,1BA$2.71
Asbury PlazaDeluxe One Bedroom1BR,1BA$2.81
1111 N. Dearborn1-BR/1BA1BR,1BA$2.82
Lake Shore PlazaOne Bedroom1BR,1BA$2.85
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 412 Apartments for Rent in River East, IL with pricing that ranges from $924 to $26,988. There are also 504 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,450 to $22,000.

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 $1,450 to $22,000 with an average monthly rent of $7,603.

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 $989 to $23,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,550 to $22,000. Four Bedroom Single-Family rentals are also available starting from $6,750 and Four Bedroom Apartments start at $924.

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

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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

Written by: Nicole Harms

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

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.