Cheap Apartments for Rent in the Edgewater Neighborhood of Chicago, IL from $600 (172 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

Read Article

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
property at 5510 N Sheridan Rd

$1,368 - $1,806

Total Monthly Price

Total Monthly Price

Base Rent
$1,368 - $1,806
Total Monthly Price
$1,368 - $1,806

Studio To 1 Bedroom Condos for Rent

Available Now

5510 N Sheridan Rd

ChicagoIL60640
property at 5717 N Winthrop Ave

$1,375 - $1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $1,850
Total Monthly Price
$1,375 - $1,850

Studio To 1 Bedroom Condos for Rent

Available Now

5717 N Winthrop Ave

ChicagoIL60660

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

Read Article
property at 6022 N Winthrop Ave

$1,450 - $2,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $2,300
Total Monthly Price
$1,450 - $2,300

Studio To 2 Bedroom Condos for Rent

Available Now

6022 N Winthrop Ave

ChicagoIL60660

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!

Read Article
property at 6002 N Kenmore Ave

$1,500 - $1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,775
Total Monthly Price
$1,500 - $1,775

Studio To 1 Bedroom Condos for Rent

Available Now

6002 N Kenmore Ave

ChicagoIL60660

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-50, Page 1 of 4

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 Bryn Mawr Belle Shore priced from $785. The Bell Shore has the second lowest priced unit, which is a Studio apartment currently listed from $785. Here are the most affordable Edgewater apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Bryn Mawr Belle ShoreStudio A1Studio,1BA$785
The Bell ShoreStudio A1Studio,1BA$785
Winthrop Terrace0BR/1.0BAStudio,1BA$1,230
Winthrop Manor0BR/1.0BAStudio,1BA$1,260

Best Value Apartments for Rent in Edgewater, IL

As of July 24, 2026 the best value apartment in the Edgewater area is the $1.30 price per square foot 1338 W Winona St Model at 1338 W Winona St, Unit 3 in the in the Uptown Chicago neighborhood starting from $3,250. The second greatest value Edgewater apartment is the 1625 W Hollywood Ave Model at 1625 W Hollywood Ave, Unit 1 starting at $3,300 with a $1.50 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.
1338 W Winona St, Unit 31338 W Winona St3BR,1BA$1.30
1625 W Hollywood Ave, Unit 11625 W Hollywood Ave2BR,2BA$1.50
5300 N Sheridan Rd3BR/1.0BA3BR,1BA$1.90
1263 W Thorndale Ave, Unit 1 Floor1263 W Thorndale Ave3BR,1BA$1.75
1625 W Hollywood Ave, Unit 1625 W Hollywood1625 W Hollywood Ave2BR,2BA$2.06
1514 W Balmoral Ave, Unit 2nd Floor1514 W Balmoral Ave3BR,1BA$1.67
6257 Lakewood3BR/1.0BA3BR,1BA$2.00
1545 W Glenlake Ave, Unit Unit 3A1545 W Glenlake Ave2BR,2BA$2.13
1212 W Foster Ave, Unit 1B1212 W Foster Ave2BR,1BA$2.20
6343 N Magnolia Ave, Unit ONE BEDROOM6343 N Magnolia Ave1BR,1BA$2.13

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.

Read Article
Decorative image

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

Read Article
Decorative image

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

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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

Best Local Schools in
Edgewater, Chicago, IL

School data provided by Great Schools

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 $1,260.

What is the price of a cheap apartment in Edgewater?

The cheapest apartment in Edgewater is Bryn Mawr Belle Shore which is listed at $982, while the average apartment in Edgewater costs $4,000.

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 8 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 $193 which is $3,807 cheaper than the average rent for all rentals in Edgewater.

Expert Rental Resources

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.

Helpful Local Expert Guides

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.