Cheap Apartments for Rent in the Edgewater Neighborhood of Chicago, IL from $600 (101 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Edgewater area of Chicago.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Ridge-Magnolia
Studio to 1 Bedroom Apartments

Ridge-Magnolia

5643-5655 N Ridge AveChicago, IL 60660
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6131 N Winthrop Ave
Studio to 1 Bedroom Apartments

6131 N Winthrop Ave

6131 N Winthrop AveChicago, IL 60660
  • Utilities Included
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1255 W. Bryn Mawr
Studio to 1 Bedroom Apartments

1255 W. Bryn Mawr

1255 W Bryn MawrChicago, IL 60660
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6301 N Winthrop Ave
Studio to 2 Bedroom Apartments

6301 N Winthrop Ave

6301 N Winthrop AveChicago, IL 60660
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Lake Lane Apartments
Studio to 1 Bedroom Apartments

Lake Lane Apartments

6214 N Winthrop AveChicago, IL 60660
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1203 W Balmoral
Studio to 1 Bedroom Apartments

1203 W Balmoral

1203 W Balmoral AveChicago, IL 60640
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6163 N Kenmore Ave
Studio to 1 Bedroom Apartments

6163 N Kenmore Ave

6163 N Kenmore AveChicago, IL 60660
  • Utilities Included
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1016 W Hollywood Ave
Studio to 2 Bedroom Apartments

1016 W Hollywood Ave

1016 W Hollywood AveChicago, IL 60660
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Edgewater, Chicago, IL Local Guide

Cheapest Available Edgewater Apartments for Rent

 

The cheapest available apartment rental in the Edgewater area of Chicago, IL is a Studio unit found at The Sovereign priced from $905. The Bell Shore has the second lowest priced unit, which is a Studio apartment currently listed from $986. Here are the most affordable Edgewater apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
The SovereignStudio - SmallStudio,1BA$905
The Bell ShoreStudio A1Studio,1BA$986
Bryn Mawr Belle ShoreStudio A1Studio,1BA$986
5726 N. WinthropStudioStudio,1BA$1,100
Winthrop 57100/1.0Studio,1BA$1,125

Best Value Apartments for Rent in Edgewater, IL

As of November 12, 2025 the best value apartment in the Edgewater area is the $1.75 price per square foot 5349 N Kenmore Ave Model at 5349 N Kenmore Ave, Unit 2 in the in the Edgewater neighborhood starting from $3,500. The second greatest value Edgewater apartment is the 6354 N Paulina St Model at 6354 N Paulina St, Unit 1 starting at $2,595 with a $1.44 price per square foot in the Edgewater neighborhood. Here is today’s list of the best values for Edgewater apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5349 N Kenmore Ave, Unit 25349 N Kenmore Ave3BR,2BA$1.75
6354 N Paulina St, Unit 16354 N Paulina St2BR,1BA$1.44
6229 N Wayne Ave, Unit #16229 N Wayne Ave3BR,1.5BA$1.67
5344 N Ashland Ave, Unit 25344 N Ashland Ave3BR,1BA$1.75
6257 Lakewood3BR/1.0BA3BR,1BA$2.00
1731 W Berwyn Ave, Unit 11731 W Berwyn Ave2BR,1BA$1.67
6424 N Magnolia Ave, Unit J05P6424 N Magnolia Ave3BR,1BA$1.92
1774 W Highland Ave, Unit #5011774 W Highland Ave2BR,1.5BA$1.75
5668 N Ridge Ave, Unit ONE BED5668 N Ridge Ave1BR,1BA$1.80
1601 W Thome Ave, Unit 2A1601 W Thome AveStudio ,1BA$1.82

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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.

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Pet Friendly Lifestyle
Edgewater, Chicago, IL

Ranked #35

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Edgewater, Chicago, IL

School data provided by Great Schools

Getting Around the Edgewater Neighborhood in Chicago, IL

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

70 / 100

Excellent Transit

Transit is convenient for most trips

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 Edgewater Apartments

What is a cheap apartment in Edgewater?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Edgewater is under $1,125.

What is the price of a cheap apartment in Edgewater?

The cheapest apartment in Edgewater is Bryn Mawr Belle Shore which is listed at $1,075, while the average apartment in Edgewater costs $6,576.

What types of apartments are the cheapest in Edgewater?

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 19 regular apartments in Edgewater 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 Edgewater?

Cheap apartments in Edgewater have an average cost of $205 which is $6,371 cheaper than the average rent for all rentals in Edgewater.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.