Cheap Homes for Rent in New East Side Neighborhood of Chicago, IL from $1,900 (23 Rentals)

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

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

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property at 155 N Harbor Dr

155 N Harbor Dr

ChicagoIL60601
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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 ApartmentsS8NStudio,1BA$1,750
Millennium Park PlazaStudioStudio,1BA$1,875
Columbus PlazaConvertible1BR,1BA$1,920
320 N. Michigan1 Bed/1 Bath1BR,1BA$1,945
MILASAStudio,1BA$2,181

Best Value Apartments for Rent in New East Side, IL

As of April 08, 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 Plan 2B Model at The Residences at NewCity starting at $4,560 with a $4.04 price per square foot in the Lincoln Park 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
The Residences at NewCityPlan 2B2BR,2BA$4.04
77 E Lake St, Unit 277 E Lake St2BR,2BA$3.41
73 East Lake07b2BR,2BA$3.68
North Harbor TowerA5 & A61BR,1BA$3.25
MILA1C1BR,1BA$4.11
180 North JeffersonConvertible: C4 - 07Studio ,1BA$3.58
Columbus PlazaConvertible1BR,1BA$3.26
Coast at Lakeshore EastCx1AStudio ,1BA$4.22
203 N Wabash Ave, Unit 1905203 N Wabash AveStudio ,1BA$4.10

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Frequently Asked Questions about New East Side

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

There are currently 41 Apartments for Rent in New East Side, IL with pricing that ranges from $1,200 to $17,988. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in New East Side ranging from $1,900 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 $1,900 to $30,000 with an average monthly rent of $7,405.

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 $1,285 to $16,705, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,800 to $11,800. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,200.

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.

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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.

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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.

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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.