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


Millennium Park Plaza

320 N. Michigan
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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

North Harbor Tower

130 N Garland Ct, Unit 2901
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400 E Randolph St
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

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 | $3,084 | $1,650 | $7,120 |
New East Side 1 Bedroom Apartments | $3,628 | $1,895 | $8,996 |
New East Side 2 Bedroom Apartments | $6,267 | $2,475 | $10,000+ |
New East Side 3 Bedroom Apartments | $6,249 | $1,285 | $10,000+ |
New East Side 4 Bedroom Apartments | $2,161 | $1,155 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 9 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
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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 $1,750. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
MDA Apartments | S8N - Modern | Studio,1BA | $1,750 |
Millennium Park Plaza | Studio | Studio,1BA | $1,875 |
Columbus Plaza | Convertible | 1BR,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 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 |
Sentral Michigan Avenue | B3 | 2BR,2BA | $3.89 |
The Residences at NewCity | Plan 2B | 2BR,2BA | $4.04 |
Aqua at Lakeshore East | Two Bedroom 09a | 2BR,2BA | $4.29 |
180 North Jefferson | 1C - 06 | 1BR,1BA | $3.19 |
Shoreham and Tides | CONVERTIBLE 03 - THE SHOREHAM | 1BR,1BA | $4.28 |
Columbus Plaza | Convertible | 1BR,1BA | $3.21 |
MILA | SA | Studio ,1BA | $4.15 |
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.
Pet Friendly LifestyleNew East Side, Chicago, IL
Ranked #43
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 $2,403.
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.

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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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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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.

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.