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$1,382 - $2,115Studio to 1 Bedroom Apartments Available Now
District @ Sheridan - 5536 N Sheridan Rd
5536 N Sheridan RdChicago, IL 60640
Cheap Apartments for Rent in the Edgewater Neighborhood of Chicago, IL from $600 (114 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Edgewater area of Chicago.
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$1,389 - $1,619Studio Apartments Available Feb 1, 2026
Sheridan Glen - 6040 N Sheridan Rd
6040 N Sheridan RdChicago, IL 60660
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$1,3951 Bedroom Apartment Available Jan 1, 2026
5724 N Kenmore Ave, Unit 1040-218
5724 N Kenmore AveChicago, IL 60660
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$1,400 - $1,600Studio to 1 Bedroom Apartments Contact Us For Availability
5326 N Winthrop Ave
5326 N Winthrop AveChicago, IL 60640
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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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Edgewater, Chicago, IL Local Guide
Shopping by colink is licensed under CC BY 2.0
How much does it cost to rent an apartment in Edgewater?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewater Studio Apartments | $1,292 | $700 | $1,753 |
| Edgewater 1 Bedroom Apartments | $1,718 | $945 | $2,990 |
| Edgewater 2 Bedroom Apartments | $2,415 | $1,520 | $3,595 |
| Edgewater 3 Bedroom Apartments | $3,007 | $2,300 | $4,756 |
| Edgewater 4 Bedroom Apartments | $6,625 | $2,450 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 114 rentals with your search options within a 2 mile radius of the Edgewater Neighborhood of Chicago, IL.
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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 Wyndham Apartments which is listed at $1,228, while the average apartment in Edgewater costs $6,740.
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 14 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 $213 which is $6,527 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
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.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
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.
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.
Articles, How-To's, and Tips
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!