Cheap Homes for Rent in River East Neighborhood of Chicago, IL from $1,300 (162 Rentals)

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Search the lowest-cost Homes available for rent right now in the River East 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 186 W Lake St

186 W Lake St

ChicagoIL60601
property at 328 S Wells St

328 S Wells St

ChicagoIL60606
property at 233 E Erie St

233 E Erie St

ChicagoIL60611
property at 117 N Clark St

117 N Clark St

ChicagoIL60602
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River East, Chicago, IL Local Guide

Cheapest Available River East Apartments for Rent

 

The cheapest available apartment rental in the River East area of Chicago, IL is a Studio unit found at Gramercy Row Apartments priced from $1,238. 11 W. Division has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. Here are the most affordable River East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Gramercy Row ApartmentsStudio Floor Plan S21 666 2FStudio,1BA$1,238
11 W. DivisionStudioStudio,1BA$1,245
1036 N. DearbornStudioStudio,1BA$1,295
211 E. DelawareStudioStudio,1BA$1,295
25 E. DelawareStudioStudio,1BA$1,365
18 E. ElmStudioStudio,1BA$1,365
1100 North LasalleStudioStudio,1BA$1,440

Best Value Apartments for Rent in River East, IL

As of March 27, 2025 the best value apartment in the River East area is the $2.11 price per square foot 1 Bedroom Model at 10 E. Ontario St. in the in the Magnificent Mile neighborhood starting from $2,100. The second greatest value River East apartment is the 52 W Elm St Model at 52 W Elm St, Unit 1401 starting at $2,544 with a $2.83 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for River East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
52 W Elm St, Unit 140152 W Elm St1BR,1BA$2.83
440 N. Wabash Ave.1 Bedroom - 1 Bathroom1BR,1BA$2.53
50 W Randolph St, Unit 90550 W Randolph St1BR,1BA$2.62
Lake Shore PlazaOne Bedroom1BR,1BA$2.78
1167 N Dearborn St1167 N Dearborn St1BR,1BA$2.85
1039 N La Salle Dr1039 N La Salle Dr1BR,1BA$2.64
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.62
Dearborn NorthAvailable soon studio # 12Studio ,1BA$2.61
1162 - 1168 N La Salle Blvd1168 N. LaSalle Dr.1BR,1BA$2.64

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Frequently Asked Questions about River East

What type of rentals are currently available in River East?

There are currently 468 Apartments for Rent in River East, IL with pricing that ranges from $1,105 to $23,973. There are also 569 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,325 to $30,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in River East ranges from $1,325 to $30,000 with an average monthly rent of $5,682.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in River East range from $2,695 to $23,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $30,000. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $7,000.

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.