Cheap Homes for Rent in New East Side Neighborhood of Chicago, IL from $1,700 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the New East Side area of Chicago.

property at 155 N Harbor Dr

155 N Harbor Dr

ChicagoIL60601

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

property at 155 N Harbor Dr

155 N Harbor Dr

ChicagoIL60601

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 Columbus Plaza priced from $1,683. MDA Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,685. Here are the most affordable New East Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Columbus PlazaStudioStudio,1BA$1,683
MDA ApartmentsS8NStudio,1BA$1,685
North Harbor TowerS1 & S2Studio,1BA$1,865
Millennium Park PlazaStudioStudio,1BA$1,875
320 N. Michigan1 Bed/1 Bath1BR,1BA$1,945

Best Value Apartments for Rent in New East Side, IL

As of March 25, 2025 the best value apartment in the New East Side area is the $3.41 price per square foot 3 Bed 3 Bath-PH Model at The 808 Cleveland in the in the Chicago Loop neighborhood starting from $4,899. The second greatest value New East Side apartment is the 208 N Park Dr Model at 208 N Park Dr, Unit 2 starting at $3,900 with a $3.25 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.
The 808 Cleveland3 Bed 3 Bath-PH3BR,3BA$3.41
208 N Park Dr, Unit 2208 N Park Dr2BR,2BA$3.25
The Residences at NewCityPlan 2B2BR,2BA$4.04
77 E Lake St, Unit 277 E Lake St2BR,2BA$3.41
Coast at Lakeshore East1x1C1BR,1BA$3.61
180 North JeffersonC4 - 07Studio ,1BA$3.58
73 East Lake07aStudio ,1BA$3.60
Columbus PlazaConvertible1BR,1BA$2.91
Shoreham and TidesSTUDIO 12 - THE SHOREHAMStudio ,1BA$4.04
North Harbor TowerS1 & S2Studio ,1BA$3.85

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about New East Side

What type of rentals are currently available in New East Side?

There are currently 39 Apartments for Rent in New East Side, IL with pricing that ranges from $1,179 to $13,301. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in New East Side ranging from $1,828 to $30,000.

What is the current price range for Rental Homes in New East Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New East Side ranges from $1,828 to $30,000 with an average monthly rent of $9,219.

How much are larger Three and Four Bedroom Rentals in New East Side?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New East Side range from $1,200 to $11,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,900 to $12,000. 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.