Cheap Apartments for Rent in the New East Side Neighborhood of Chicago, IL from $1,100 (9 Rentals)

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Cheap Apartments in the New East Side 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

New East Side, Chicago, IL Local Guide

Cheapest Available New East Side Apartments for Rent

 

The cheapest available apartment rental in the New East Side area of Chicago, IL is a Studio unit found at MDA Apartments priced from $1,750. Millennium Park Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,875. Here are the most affordable New East Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
MDA ApartmentsS8N - ModernStudio,1BA$1,750
Millennium Park PlazaStudioStudio,1BA$1,875
Columbus PlazaConvertible1BR,1BA$1,889

Best Value Apartments for Rent in New East Side, IL

As of May 02, 2025 the best value apartment in the New East Side 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 New East Side apartment is the 77 E Lake St Model at 77 E Lake St, Unit 2 starting at $4,406 with a $3.59 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for New East Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
201 N Westshore Dr, Unit 1508201 N Westshore Dr2BR,2BA$2.79
77 E Lake St, Unit 277 E Lake St2BR,2BA$3.59
The 808 ClevelandPrivate Bedroom in Shared 4 Bed 3 Bath4BR,3BA$1.10
Sentral Michigan AvenueB32BR,2BA$3.89
The Residences at NewCityPlan 2B2BR,2BA$4.04
Aqua at Lakeshore EastTwo Bedroom 09a2BR,2BA$4.29
180 North Jefferson1C - 061BR,1BA$3.19
Shoreham and TidesCONVERTIBLE 03 - THE SHOREHAM1BR,1BA$4.28
Columbus PlazaConvertible1BR,1BA$3.21
MILASAStudio ,1BA$4.15

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Pet Friendly Lifestyle
New East Side, Chicago, IL

Ranked #43

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 New East Side Neighborhood in Chicago, IL

Walk Score®

100 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

82 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

100 / 100

Rider’s Paradise

World-class public transportation

Frequently Asked Questions about Cheap New East Side Apartments

What is a cheap apartment in New East Side?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New East Side is under $2,403.

What is the price of a cheap apartment in New East Side?

The cheapest apartment in New East Side is Columbus Plaza which is listed at $1,889, while the average apartment in New East Side costs $6,611.

What types of apartments are the cheapest in New East Side?

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 New East Side 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 New East Side?

Cheap apartments in New East Side have an average cost of $1,045 which is $5,566 cheaper than the average rent for all rentals in New East Side.

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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

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.