Cheap Apartments for Rent in the Lake Shore East Neighborhood of Chicago, IL from $1,200 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Shore East area of Chicago.

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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Columbus Plaza
Studio to 2 Bedroom Apartments

Columbus Plaza

233 E Wacker DrChicago, IL 60601
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360 E South Water St
Studio to 2 Bedroom Apartments

360 E South Water St

360 E South Water StChicago, IL 60601
property at 155 N Harbor Dr

155 N Harbor Dr

ChicagoIL60601
property at 195 N Harbor Dr

195 N Harbor Dr

ChicagoIL60601
Showing Results 1-22, Page 1 of 1

Lake Shore East, Chicago, IL Local Guide

Cheapest Available Lake Shore East Apartments for Rent

 

The cheapest available apartment rental in the Lake Shore East area of Chicago, IL is a Studio unit found at Columbus Plaza priced from $1,697. North Harbor Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,880. Here are the most affordable Lake Shore East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Columbus PlazaStudioStudio,1BA$1,697
North Harbor TowerS1 & S2Studio,1BA$1,880
Cityfront PlaceS08Studio,1BA$2,011
Coast at Lakeshore EastSx1B-ADAStudio,1BA$2,116
Sentral Michigan AvenueDeluxe LoftStudio,1BA$2,165

Best Value Apartments for Rent in Lake Shore East, IL

As of March 23, 2025 the best value apartment in the Lake Shore East area is the $3.41 price per square foot 3 Bed 3 Bath-PH Model at The 808 Cleveland in the in the Chicago Loop neighborhood starting from $4,899. The second greatest value Lake Shore East apartment is the 208 N Park Dr Model at 208 N Park Dr, Unit 2 starting at $3,500 with a $2.92 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for Lake Shore East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The 808 Cleveland3 Bed 3 Bath-PH3BR,3BA$3.41
208 N Park Dr, Unit 2208 N Park Dr2BR,2BA$2.92
The Residences at NewCityPlan 2B2BR,2BA$4.04
Post2 Bed 2 Bath - 852 sqft2BR,2BA$4.12
Coast at Lakeshore East1x1C1BR,1BA$3.61
180 North JeffersonC4 - 07Studio ,1BA$3.58
Columbus PlazaConvertible1BR,1BA$2.93
Shoreham and TidesSTUDIO 12 - THE SHOREHAMStudio ,1BA$4.05
North Harbor TowerV2Studio ,1BA$3.88
Cityfront PlaceS05Studio ,1BA$4.09

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Pet Friendly Lifestyle
Lake Shore East, Chicago, IL

Ranked #52

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Lake Shore East Neighborhood in Chicago, IL

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

94 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Shore East Apartments

What is a cheap apartment in Lake Shore East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Shore East is under $2,613.

What is the price of a cheap apartment in Lake Shore East?

The cheapest apartment in Lake Shore East is Columbus Plaza which is listed at $1,726, while the average apartment in Lake Shore East costs $4,100.

What types of apartments are the cheapest in Lake Shore East?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 851 regular apartments in Lake Shore East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Shore East?

Cheap apartments in Lake Shore East have an average cost of $923 which is $3,177 cheaper than the average rent for all rentals in Lake Shore East.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.