Cheap Homes for Rent in Edgewater Neighborhood of Chicago, IL from $1,100 (83 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 The Sovereign priced from $905. 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
The SovereignStudio - SmallStudio,1BA$905
The Bell ShoreStudio A1Studio,1BA$986
Bryn Mawr Belle ShoreStudio A1Studio,1BA$986
5726 N. WinthropStudioStudio,1BA$1,100
Winthrop 57100/1.0Studio,1BA$1,125

Best Value Apartments for Rent in Edgewater, IL

As of November 12, 2025 the best value apartment in the Edgewater area is the $1.75 price per square foot 5349 N Kenmore Ave Model at 5349 N Kenmore Ave, Unit 2 in the in the Edgewater neighborhood starting from $3,500. The second greatest value Edgewater apartment is the 6354 N Paulina St Model at 6354 N Paulina St, Unit 1 starting at $2,595 with a $1.44 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.
5349 N Kenmore Ave, Unit 25349 N Kenmore Ave3BR,2BA$1.75
6354 N Paulina St, Unit 16354 N Paulina St2BR,1BA$1.44
6229 N Wayne Ave, Unit #16229 N Wayne Ave3BR,1.5BA$1.67
5344 N Ashland Ave, Unit 25344 N Ashland Ave3BR,1BA$1.75
6257 Lakewood3BR/1.0BA3BR,1BA$2.00
1731 W Berwyn Ave, Unit 11731 W Berwyn Ave2BR,1BA$1.67
6424 N Magnolia Ave, Unit J05P6424 N Magnolia Ave3BR,1BA$1.92
1774 W Highland Ave, Unit #5011774 W Highland Ave2BR,1.5BA$1.75
5668 N Ridge Ave, Unit ONE BED5668 N Ridge Ave1BR,1BA$1.80
1601 W Thome Ave, Unit 2A1601 W Thome AveStudio ,1BA$1.82

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Pet Friendly Lifestyle
Edgewater, Chicago, IL

Ranked #33

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 760 Apartments for Rent in Edgewater, IL with pricing that ranges from $700 to $9,768. There are also 229 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,125 to $4,500.

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 $4,500 with an average monthly rent of $2,477.

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 $2,200 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,250. Four Bedroom Single-Family rentals are also available starting from $3,800 and Four Bedroom Apartments start at $9,381.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.