Cheap Apartments for Rent in the Lake Shore East Neighborhood of Chicago, IL from $1,100 (10 Rentals)

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

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Columbus Plaza
Studio to 2 Bedroom Apartments

Columbus Plaza

233 E Wacker DrChicago, IL 60601

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

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 1 Bed unit found at Columbus Plaza priced from $1,854. North Harbor Tower has the second lowest priced unit, which is a Studio apartment currently listed from $2,060. Here are the most affordable Lake Shore East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Columbus PlazaConvertible1BR,1BA$1,854
North Harbor TowerS1 & S2Studio,1BA$2,060
MILASAStudio,1BA$2,111

Best Value Apartments for Rent in Lake Shore East, IL

As of April 27, 2025 the best value apartment in the Lake Shore East area is the $3.48 price per square foot D1 Model at Sentral Michigan Avenue in the in the Near South Side neighborhood starting from $7,995. The second greatest value Lake Shore East apartment is the Private Bedroom in Shared 4 Bed 3 Bath Model at The 808 Cleveland starting at $1,333 with a $1.10 price per square foot in the Chicago Loop 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.
Sentral Michigan AvenueD14BR,3BA$3.48
The 808 ClevelandPrivate Bedroom in Shared 4 Bed 3 Bath4BR,3BA$1.10
460 E Waterside Dr, Unit 2460 E Waterside Dr2BR,2BA$4.34
The Residences at NewCityPlan 1B With Den1BR,1BA$3.92
180 North Jefferson1C - 061BR,1BA$3.19
MILA1D1BR,1BA$4.09
Shoreham and TidesCONVERTIBLE 03 - THE SHOREHAM1BR,1BA$4.33
Columbus PlazaConvertible1BR,1BA$3.15
Cityfront PlaceS08Studio ,1BA$3.98
North Harbor TowerVStudio ,1BA$4.28

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Pet Friendly Lifestyle
Lake Shore East, Chicago, IL

Ranked #48

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

Pet Friendliness Lifestyle Score

2.5
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

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 $2,491.

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 $1,854, while the average apartment in Lake Shore East costs $6,966.

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 39 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 $1,059 which is $5,907 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

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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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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.