
Cheap Homes for Rent in Lake Shore East Neighborhood of Chicago, IL from $1,900 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Shore East area of Chicago.


400 E Randolph St

499 E Waterside Dr

441 E Waterside Dr
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.

480 N McClurg Ct, Unit 1204

222 N Columbus Dr, Unit 1208

222 N Columbus Dr, Unit 4404

231 N Columbus Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

337 E Wacker Dr

400 E Randolph St, Unit 2402

299 E Wacker Dr

155 N Harbor Dr, Unit 4606
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

155 N Harbor Dr

333 E Wacker Dr

201 N West Shore Dr, Unit 806A

195 N Harbor Dr
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

450 E Waterside Dr
Lake Shore East, Chicago, IL Local Guide

How much does it cost to rent a home in Lake Shore East?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Shore East 2 Bedroom Homes for Rent | $4,051 | $3,400 | $5,600 |
Lake Shore East 3 Bedroom Homes for Rent | $7,620 | $5,260 | $10,000+ |
Lake Shore East 4 Bedroom Homes for Rent | $30,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Lake Shore East Neighborhood of Chicago, IL.
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Lake Shore East, Chicago, IL Local Guide
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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 $1,935. The 808 Cleveland has the second lowest priced unit, which is a Studio apartment currently listed from $2,156. Here are the most affordable Lake Shore East apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Columbus Plaza | 1 Bedroom | 1BR,1BA | $1,935 |
The 808 Cleveland | Studio 1 Bath | Studio,1BA | $2,156 |
Shoreham and Tides | CONVERTIBLE 09 - TIDES | 1BR,1BA | $2,262 |
Aqua at Lakeshore East | Studio 06b | Studio,1BA | $2,282 |
Flora | Studio - A | Studio,1BA | $2,352 |
Best Value Apartments for Rent in Lake Shore East, IL
As of May 13, 2025 the best value apartment in the Lake Shore East area is the $2.79 price per square foot 201 N Westshore Dr Model at 201 N Westshore Dr, Unit 1508 in the in the Magnificent Mile neighborhood starting from $3,900. The second greatest value Lake Shore East apartment is the B3 Model at Sentral Michigan Avenue starting at $4,205 with a $3.72 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Lake Shore East apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
201 N Westshore Dr, Unit 1508 | 201 N Westshore Dr | 2BR,2BA | $2.79 |
Sentral Michigan Avenue | B3 | 2BR,2BA | $3.72 |
The Residences at NewCity | Plan 2B | 2BR,2BA | $4.04 |
Aqua at Lakeshore East | Two Bedroom 09a | 2BR,2BA | $4.24 |
460 E Waterside Dr, Unit 2 | 460 E Waterside Dr | 2BR,2BA | $4.41 |
Cityfront Place | A15 | 1BR,1BA | $3.23 |
North Harbor Tower | A | 1BR,1BA | $3.47 |
Shoreham and Tides | ONE BEDROOM 08 - THE SHOREHAM | 1BR,1BA | $4.25 |
Columbus Plaza | Convertible | 1BR,1BA | $3.32 |
The 808 Cleveland | Studio 1 Bath | Studio ,1BA | $3.79 |
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.
Frequently Asked Questions about Lake Shore East
What type of rentals are currently available in Lake Shore East?
There are currently 35 Apartments for Rent in Lake Shore East, IL with pricing that ranges from $1,179 to $20,475. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Shore East ranging from $1,920 to $30,000.
What is the current price range for Rental Homes in Lake Shore East?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Shore East ranges from $1,920 to $30,000 with an average monthly rent of $9,357.
How much are larger Three and Four Bedroom Rentals in Lake Shore East?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Shore East range from $1,285 to $20,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,260 to $11,800. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,179.
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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.