Cheap Homes for Rent in Edgewater Neighborhood of Chicago, IL from $1,100 (53 Rentals)

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

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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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.

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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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Chicago's Best Affordable Neighborhoods

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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 5433 N Kenmore Ave priced from $925. The Bell Shore has the second lowest priced unit, which is a Studio apartment currently listed from $1,011. Here are the most affordable Edgewater apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5433 N Kenmore Ave303Studio,1BA$925
The Bell ShoreStudio AA1Studio,1BA$1,011
Bryn Mawr Belle ShoreStudio AA1Studio,1BA$1,011
5726 N. WinthropStudioStudio,1BA$1,115
Winthrop 57100/1.0Studio,1BA$1,125
1040 HollywoodStudio - UpdatedStudio,1BA$1,195
Wyndham ApartmentsStudio Floor Plan S1Studio,1BA$1,225

Best Value Apartments for Rent in Edgewater, IL

As of July 29, 2025 the best value apartment in the Edgewater area is the $0.19 price per square foot 1555 W Hollywood Ave Model at 1555 W Hollywood Ave, Unit # 0209 in the in the Edgewater neighborhood starting from $1,895. The second greatest value Edgewater apartment is the 5937 N Paulina St Model at 5937 N Paulina St, Unit # 03W starting at $2,200 with a $0.22 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.
1555 W Hollywood Ave, Unit # 02091555 W Hollywood Ave1BR,1BA$0.19
5937 N Paulina St, Unit # 03W5937 N Paulina St2BR,1BA$0.22
5349 N Kenmore Ave, Unit G05C5349 N Kenmore Ave3BR,2BA$1.80
5125 N Kenmore Ave, Unit 35125 N Kenmore Ave3BR,2BA$1.80
5349 N Kenmore Ave, Unit 3S5349 N Kenmore Ave3BR,2BA$1.80
5350 N Broadway St, Unit 35350 N Broadway St3BR,2BA$1.70
1544 W Glenlake Ave.2BR/2.0BA2BR,2BA$1.15
1774 W Highland Ave, Unit #3061774 W Highland Ave2BR,1.5BA$1.68
5737 N Winthrop Ave, Unit 48-0025737 N Winthrop Ave1BR,1BA$1.94
5664 N Ridge Ave, Unit M03B5664 N Ridge Ave1BR,1BA$1.86

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Frequently Asked Questions about Edgewater

What type of rentals are currently available in Edgewater?

There are currently 723 Apartments for Rent in Edgewater, IL with pricing that ranges from $700 to $9,999. There are also 166 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,125 to $4,100.

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 $1,125 to $4,100 with an average monthly rent of $2,544.

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 $2,400 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,100 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,590 and Four Bedroom Apartments start at $4,000.

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.