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from $1,555Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
Cheap Apartments for Rent in the New East Side Neighborhood of Chicago, IL from $1,100 (11 Rentals)
Cheap Apartments in the New East Side area of Chicago.
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from $1,865Studio to 1 Bedroom Apartments Available Now
320 N. Michigan
320 N Michigan AveChicago, IL 60601
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from $1,875Studio to 3 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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.
400 E Randolph St, Unit 2521
400 E Randolph St
ChicagoIL60601
130 N Garland Ct, Unit 2901
130 N Garland Ct
ChicagoIL60602
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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.
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from $2,098Studio to 2 Bedroom Apartments Available Now
Aqua at Lakeshore East
225 N Columbus DrChicago, IL 60601
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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
400 E Randolph St
ChicagoIL60601
190 N Garland Ct
ChicagoIL60601
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New East Side, Chicago, IL Local Guide
How much does it cost to rent an apartment in New East Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New East Side Studio Apartments | $3,074 | $1,630 | $7,120 |
| New East Side 1 Bedroom Apartments | $3,577 | $1,865 | $8,996 |
| New East Side 2 Bedroom Apartments | $6,320 | $2,875 | $10,000+ |
| New East Side 3 Bedroom Apartments | $6,566 | $1,285 | $10,000+ |
| New East Side 4 Bedroom Apartments | $2,081 | $1,155 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the New East Side Neighborhood of Chicago, IL.
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New East Side, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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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 $1,650. Columbus Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,827. Here are the most affordable New East Side apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MDA Apartments | S8N - Modern | Studio,1BA | $1,650 |
| Columbus Plaza | Convertible | 1BR,1BA | $1,827 |
| 320 N. Michigan | 1 Bed/1 Bath | 1BR,1BA | $1,865 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,875 |
| MILA | SA | Studio,1BA | $2,094 |
Best Value Apartments for Rent in New East Side, IL
As of May 07, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 201 N Westshore Dr, Unit 1508 | 201 N Westshore Dr | 2BR,2BA | $2.79 |
| 77 E Lake St, Unit 2 | 77 E Lake St | 2BR,2BA | $3.59 |
| The 808 Cleveland | Private Bedroom in Shared 4 Bed 3 Bath | 4BR,3BA | $1.10 |
| Aqua at Lakeshore East | Two Bedroom 09a | 2BR,2BA | $4.34 |
| MILA | 1D | 1BR,1BA | $3.98 |
| The Residences at NewCity | One Bedroom D | 1BR,1BA | $4.11 |
| Shoreham and Tides | ONE BEDROOM 08 - THE SHOREHAM | 1BR,1BA | $4.25 |
| Columbus Plaza | Convertible | 1BR,1BA | $3.07 |
| Sentral Michigan Avenue | S5 | Studio ,1BA | $4.00 |
| North Harbor Tower | V | Studio ,1BA | $4.25 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleNew East Side, Chicago, IL
Ranked #44
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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 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 $2,332.
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 $1,810, while the average apartment in New East Side costs $7,923.
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 37 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 $999 which is $6,924 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.
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.
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.
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.