Cheap Homes for Rent in River East Neighborhood of Chicago, IL from $1,300 (139 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 River East area of Chicago.

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.

Read Article

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

Read Article
property at 300 N State St

300 N State St

ChicagoIL60654
Showing Results 1-50, Page 1 of 3

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 11 W. Division priced from $1,225. 1036 N. Dearborn has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here are the most affordable River East apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
11 W. DivisionStudioStudio,1BA$1,225
1036 N. DearbornStudioStudio,1BA$1,295
25 E. DelawareStudioStudio,1BA$1,325
18 E. ElmStudioStudio,1BA$1,365
1100 North LasalleStudioStudio,1BA$1,390
Gramercy Row ApartmentsStudio Floor Plan S8Studio,1BA$1,390
211 E. DelawareStudioStudio,1BA$1,395

Best Value Apartments for Rent in River East, IL

As of April 21, 2025 the best value apartment in the River East area is the $2.45 price per square foot B3PH Model at Fisher Building Apartments in the in the Chicago Loop neighborhood starting from $3,670. The second greatest value River East apartment is the 2 Bedroom Model at Lofts At River East starting at $3,570 with a $2.39 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.
Fisher Building ApartmentsB3PH2BR,1.5BA$2.45
Lofts At River East2 Bedroom2BR,2BA$2.39
2141 W Superior St, Unit G06C2141 W Superior St3BR,1BA$1.79
Lake Shore PlazaTwo Bedroom2BR,2BA$2.38
750 N Rush St, Unit FL22-ID160750 N Rush St2BR,2BA$1.83
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
440 N. Wabash Ave.1 Bedroom - 1 Bathroom1BR,1BA$2.53
311 W Illinois St, Unit FL11-ID1137311 W Illinois St1BR,1BA$2.69
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.62
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$2.57

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 River East

What type of rentals are currently available in River East?

There are currently 471 Apartments for Rent in River East, IL with pricing that ranges from $1,105 to $23,973. There are also 484 Single Family Homes for rent, Condos, and Townhome rentals currently available in River East ranging from $1,350 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 $1,350 to $30,000 with an average monthly rent of $5,873.

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 $2,500 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 $4,800 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.

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 Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

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.