Cheap Homes for Rent in River East Neighborhood of Chicago, IL from $1,300 (156 Rentals)

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

property at 1160 N Dearborn St

$1,375 - $1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $1,995
Total Monthly Price
$1,375 - $1,995

Studio To 1 Bedroom Condos for Rent

Available Now

1160 N Dearborn St

ChicagoIL60610
property at 1160 N Dearborn St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

Studio, 1 Bath Condo for Rent

Available Now

1160 N Dearborn St, Unit #304

1160 N Dearborn St
ChicagoIL60610

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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!

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property at 1125 N La Salle Dr

$1,627

Total Monthly Price

Total Monthly Price

Base Rent
$1,627
Total Monthly Price
$1,627

Studio, 1 Bath Condo for Rent

Available Now

1125 N La Salle Dr, Unit 203

1125 N La Salle Dr
ChicagoIL60610

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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property at 400 E Randolph St

$1,995 - $3,000

Studio To 1 Bedroom Rentals

Available Now

400 E Randolph St

ChicagoIL60601
property at 512 N McClurg Ct

$1,800 - $4,000

Studio To 2 Bedroom Rentals

Available Now

512 N McClurg Ct

ChicagoIL60611

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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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. Gramercy Row Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,324. 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
Gramercy Row ApartmentsStudio Floor Plan S7Studio,1BA$1,324
1164 N DearbornStudioStudio,1BA$1,325
25 E. DelawareStudio 1Studio,1BA$1,465
The Oliver on LaSalleStudioStudio,1BA$1,486

Best Value Apartments for Rent in River East, IL

As of February 25, 2026 the best value apartment in the River East area is the $2.09 price per square foot 2br/2ba Model at 1154 N Dearborn St in the in the Magnificent Mile neighborhood starting from $3,550. The second greatest value River East apartment is the 333 E Wacker Dr Model at 333 E Wacker Dr, Unit 17 starting at $3,400 with a $2.83 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.
1154 N Dearborn St2br/2ba2BR,2BA$2.09
333 E Wacker Dr, Unit 17333 E Wacker Dr2BR,2BA$2.83
316 W Illinois St, Unit 9105316 W Illinois St2BR,1.5BA$3.01
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Fisher Building ApartmentsA71BR,1BA$2.93
206 W Division St, Unit 2F206 W Division St1BR,1BA$2.63
545 N Dearborn St, Unit 2201B545 N Dearborn St1BR,1BA$2.69
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.80
330 S Wells St, Unit FL13-ID200330 S Wells St1BR,1BA$2.20
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 439 Apartments for Rent in River East, IL with pricing that ranges from $1,105 to $33,562. There are also 609 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,375 to $40,000.

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 $1,375 to $40,000 with an average monthly rent of $9,208.

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 $1,359 to $33,562, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,900 to $23,000. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,359.

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

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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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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.

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