Cheap Homes for Rent in River East Neighborhood of Chicago, IL from $1,300 (177 Rentals)

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

property at 300 N State St

300 N State St

ChicagoIL60654
Showing Results 1-50, Page 1 of 4

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 Studio unit found at 11 W. Division priced from $1,245. Atrium at Old Town Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,308. Here are the most affordable River East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
11 W. DivisionStudioStudio,1BA$1,245
Atrium at Old Town Park1 Bedroom1BR,1BA$1,308
Maple1 Bedroom 1 Bathroom1BR,1BA$1,313
1036 N. DearbornStudioStudio,1BA$1,375
The Oliver on LaSalleStudioStudio,1BA$1,385
1100 North LasalleStudioStudio,1BA$1,390
211 E. DelawareStudioStudio,1BA$1,395
Dearborn NorthAvailable soon studio # 12Studio,1BA$1,425

Best Value Apartments for Rent in River East, IL

As of July 29, 2025 the best value apartment in the River East area is the $2.66 price per square foot 864 N State St Model at 864 N State St, Unit 2 in the in the Magnificent Mile neighborhood starting from $4,250. 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.
864 N State St, Unit 2864 N State St1BR,1.5BA$2.66
Fisher Building ApartmentsB3PH2BR,1.5BA$2.45
Axis Apartments and LoftsTwo Bedroom Loft2BR,2BA$2.93
420 E OhioTwo Bedroom2BR,2BA$2.88
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
206 W Division St, Unit 2F206 W Division St1BR,1BA$2.63
Marina CityOne Bedroom1BR,1BA$2.97
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.80
Maple1 Bedroom 1 Bathroom1BR,1BA$2.43
Dearborn NorthAvailable soon studio # 12Studio ,1BA$2.77

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Frequently Asked Questions about River East

What type of rentals are currently available in River East?

There are currently 422 Apartments for Rent in River East, IL with pricing that ranges from $1,105 to $23,981. There are also 558 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,302 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 $1,302 to $30,000 with an average monthly rent of $6,416.

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 $2,220 to $23,981, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,350 to $30,000. Four Bedroom Single-Family rentals are also available starting from $6,000 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

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.