Cheap Homes for Rent in River East Neighborhood of Chicago, IL from $1,300 (190 Rentals)

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

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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property at 300 N State St

300 N State St

ChicagoIL60654
property at 211 E Ohio St

211 E Ohio St

ChicagoIL60611

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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property at 400 N La Salle Dr

400 N La Salle Dr

ChicagoIL60654

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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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 $1,245. 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
Atrium at Old Town Park1 Bedroom1BR,1BA$1,308
25 E. DelawareStudio 1Studio,1BA$1,365
1100 North LasalleStudioStudio,1BA$1,390
1036 N. DearbornStudioStudio,1BA$1,395
18 E. ElmStudioStudio,1BA$1,395

Best Value Apartments for Rent in River East, IL

As of September 19, 2025 the best value apartment in the River East area is the $2.03 price per square foot 2BR / 2BA Model at DEARBORN DISTRICT in the in the Magnificent Mile neighborhood starting from $3,450. The second greatest value River East apartment is the 620 N State St Model at 620 N State St, Unit 2811 starting at $3,895 with a $2.95 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.
DEARBORN DISTRICT2BR / 2BA2BR,2BA$2.03
620 N State St, Unit 2811620 N State St2BR,2BA$2.95
Fisher Building ApartmentsC32BR,2BA$2.44
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Lakeside 800Three Bedroom3BR,1BA$2.54
Millennium on LaSallea91BR,1BA$2.99
50 W Randolph St, Unit 90550 W Randolph St1BR,1BA$2.74
206 W Division St, Unit 2F206 W Division St1BR,1BA$2.63
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.80
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

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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Frequently Asked Questions about River East

What type of rentals are currently available in River East?

There are currently 430 Apartments for Rent in River East, IL with pricing that ranges from $1,105 to $29,980. There are also 577 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,368 to $30,000.

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 $1,368 to $30,000 with an average monthly rent of $8,041.

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 $1,750 to $23,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,884 to $30,000. Four Bedroom Single-Family rentals are also available starting from $5,595 and Four Bedroom Apartments start at $10,000.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.