Cheap Homes for Rent in Edgewater Neighborhood of Chicago, IL from $1,000 (52 Rentals)

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

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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 Bryn Mawr Belle Shore priced from $879. The Bell Shore has the second lowest priced unit, which is a Studio apartment currently listed from $879. Here are the most affordable Edgewater apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Bryn Mawr Belle ShoreStudio A1Studio,1BA$879
The Bell ShoreStudio A1Studio,1BA$879
Catalpa Vista ApartmentsSTUDIOStudio,1BA$1,095
5417 Kenmore LLC304Studio,1BA$1,095
5726 N. WinthropStudioStudio,1BA$1,115
Winthrop Terrace0BR/1.0BAStudio,1BA$1,150
Winthrop Manor0BR/1.0BAStudio,1BA$1,200

Best Value Apartments for Rent in Edgewater, IL

As of June 09, 2025 the best value apartment in the Edgewater area is the $1.44 price per square foot 6354 N Paulina St Model at 6354 N Paulina St, Unit 1 in the in the Edgewater neighborhood starting from $2,595. The second greatest value Edgewater apartment is the 1774 W Highland Ave Model at 1774 W Highland Ave, Unit #306 starting at $1,800 with a $1.64 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.
6354 N Paulina St, Unit 16354 N Paulina St2BR,2BA$1.44
1774 W Highland Ave, Unit #3061774 W Highland Ave2BR,1.5BA$1.64
5700 N Winthrop Ave2BR/1.0BA2BR,1BA$2.14
Thorndale Paulina2BD/1BA2BR,1BA$1.82
Kenmore 5800 N2B/1B - 5800M2BR,1BA$2.00
6030 N Sheridan Rd, Unit 16016030 N Sheridan Rd1BR,1BA$1.89
1519 W Granville Ave, Unit Garden1519 W Granville Ave1BR,1BA$2.00
5902 N Magnolia Ave, Unit M06B5902 N Magnolia Ave1BR,1BA$2.00
5664 N Ridge Ave, Unit M03B5664 N Ridge Ave1BR,1BA$1.86
6166 N Winthrop Ave, Unit #1036166 N Winthrop Ave1BR,1BA$1.94

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Frequently Asked Questions about Edgewater

What type of rentals are currently available in Edgewater?

There are currently 710 Apartments for Rent in Edgewater, IL with pricing that ranges from $700 to $4,800. There are also 165 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,095 to $6,400.

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 $1,095 to $6,400 with an average monthly rent of $2,659.

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 $2,800 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,875 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $2,200.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.