Cheap Homes for Rent in Edgewater Neighborhood of Chicago, IL from $1,100 (49 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 - $1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $1,775
Total Monthly Price
$1,375 - $1,775

Studio To 1 Bedroom Condos for Rent

Available Now

5717 N Winthrop Ave

ChicagoIL60660

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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property at 6022 N Winthrop Ave

$1,400 - $2,100

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$1,400 - $2,100
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$1,400 - $2,100

Studio To 2 Bedroom Condos for Rent

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6022 N Winthrop Ave

ChicagoIL60660
property at 6002 N Kenmore Ave

$1,500 - $1,725

Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,725
Total Monthly Price
$1,500 - $1,725

Studio To 1 Bedroom Condos for Rent

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6002 N Kenmore Ave

ChicagoIL60660

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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property at 5100 N Marine Dr

$1,549 - $1,995

Studio To 1 Bedroom Rentals

Available Now

5100 N Marine Dr

ChicagoIL60640

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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property at 5850 N Sheridan Rd

$1,650 - $2,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,500
Total Monthly Price
$1,650 - $2,500

Studio To 2 Bedroom Condos for Rent

Available Now

5850 N Sheridan Rd

ChicagoIL60660

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 5430 N Sheridan Rd

$1,695 - $3,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $3,595
Total Monthly Price
$1,695 - $3,595

Studio To 2 Bedroom Condos for Rent

Available Now

5430 N Sheridan Rd

ChicagoIL60640
Showing Results 1-49, Page 1 of 1

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 $986. 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
Bryn Mawr Belle ShoreStudio A1Studio,1BA$986
The Bell ShoreStudio A1Studio,1BA$986
1040 HollywoodStudioStudio,1BA$1,195
The EdisonStudio | 1 bath - EFFRStudio,1BA$1,234
Winthrop Terrace0BR/1.0BAStudio,1BA$1,245
Hollywood Beach0BR/1.0BAStudio,1BA$1,300
Winthrop Manor0BR/1.0BAStudio,1BA$1,300

Best Value Apartments for Rent in Edgewater, IL

As of June 12, 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 6354 N Paulina St Model at 6354 N Paulina St, Unit GroundLevel starting at $2,400 with a $1.26 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
6354 N Paulina St, Unit GroundLevel6354 N Paulina St2BR,2BA$1.26
1514 W Balmoral Ave, Unit 2nd Floor1514 W Balmoral Ave3BR,1BA$1.67
1604 W Berwyn Ave, Unit 21604 W Berwyn Ave2BR,1BA$2.34
1545 W Glenlake Ave, Unit 3A1545 W Glenlake Ave2BR,2BA$2.13
1774 W Highland Ave, Unit #3081774 W Highland Ave2BR,1.5BA$2.00
1544 W Glenlake Ave.1BR/1.0BA1BR,1BA$2.16
5670 N Ridge Ave, Unit ONE BEDROOM - 1S5670 N Ridge Ave1BR,1BA$1.93
1745 W Highland Ave, Unit #3071745 W Highland Ave1BR,1BA$2.21
5665 N Ridge Ave5665 N Ridge Ave1BR,1BA$2.25

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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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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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.

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Quick Rent Budget Calculator

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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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Best Local Schools in
Edgewater, Chicago, IL

School data provided by Great Schools

Frequently Asked Questions about Edgewater

What type of rentals are currently available in Edgewater?

There are currently 726 Apartments for Rent in Edgewater, IL with pricing that ranges from $700 to $9,758. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,195 to $9,800.

What is the current price range for Rental Homes in Edgewater?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Edgewater ranges from $1,195 to $9,800 with an average monthly rent of $4,269.

How much are larger Three and Four Bedroom Rentals in Edgewater?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Edgewater range from $2,500 to $9,255, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,820 to $4,750. Four Bedroom Single-Family rentals are also available starting from $3,700 and Four Bedroom Apartments start at $3,600.

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

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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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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.

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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.

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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

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.