Cheap Studio Apartments for Rent in the Edgewater Neighborhood of Chicago, IL from $700 (76 Rentals)

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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.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Ridge-Magnolia
Studio Apartments

Ridge-Magnolia

5643-5655 N Ridge AveChicago, IL 60660
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The Coronado
Studio Apartments

The Coronado

1061 W Rosemont AveChicago, IL 60660
  • Utilities Included
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6131 N Winthrop Ave
Studio Apartments

6131 N Winthrop Ave

6131 N Winthrop AveChicago, IL 60660
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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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6301 N Winthrop Ave
Studio Apartments

6301 N Winthrop Ave

6301 N Winthrop AveChicago, IL 60660
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Lake Lane Apartments
Studio Apartments

Lake Lane Apartments

6214 N Winthrop AveChicago, IL 60660
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1055 W. Catalpa Ave.
Studio Apartments

1055 W. Catalpa Ave.

1055 W Catalpa AveChicago, IL 60640
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1016 W Hollywood Ave
Studio Apartments

1016 W Hollywood Ave

1016 W Hollywood AveChicago, IL 60660
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6163 N Kenmore Ave
Studio Apartments

6163 N Kenmore Ave

6163 N Kenmore AveChicago, IL 60660
  • Utilities Included
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1203 W Balmoral
Studio Apartments

1203 W Balmoral

1203 W Balmoral AveChicago, IL 60640
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The Joseph
Studio Apartments

The Joseph

5450 N Winthrop AveChicago, IL 60640
  • Utilities Included
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5634 N Kenmore Ave
Studio Apartments

5634 N Kenmore Ave

5634 N Kenmore AveChicago, IL 60660
  • Utilities Included

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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5820 N Sheridan Rd
Studio Apartments

5820 N Sheridan Rd

5820 N Sheridan RdChicago, IL 60660
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6031 N Kenmore Ave
Studio Apartments

6031 N Kenmore Ave

6031 N Kenmore AveChicago, IL 60660
  • Utilities Included

Edgewater, Chicago, IL Local Guide

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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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

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 $1,160.

What is the price of a cheap apartment in Edgewater?

The cheapest apartment in Edgewater is Bryn Mawr Belle Shore which is listed at $900, while the average apartment in Edgewater costs $4,250.

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 10 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 $159 which is $4,091 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.