Cheap Homes for Rent in Edgewater Neighborhood of Chicago, IL from $1,000 (51 Rentals)

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

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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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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. Bryn Mawr Belle 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
Bryn Mawr Belle ShoreStudio AA1Studio,1BA$1,011
The Bell ShoreStudio AA1Studio,1BA$1,011
The EdisonStudio | 1 bath - EFFRStudio,1BA$1,058
5417 Kenmore LLC207Studio,1BA$1,095
Winthrop 57100/1.0Studio,1BA$1,125

Best Value Apartments for Rent in Edgewater, IL

As of September 12, 2025 the best value apartment in the Edgewater area is the $0.21 price per square foot 5937 N Paulina St Model at 5937 N Paulina St, Unit # 03W in the in the Edgewater neighborhood starting from $2,125. The second greatest value Edgewater apartment is the 1338 W Winona St Model at 1338 W Winona St, Unit 3 starting at $2,995 with a $1.20 price per square foot in the Uptown Chicago 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.
5937 N Paulina St, Unit # 03W5937 N Paulina St2BR,1BA$0.21
1338 W Winona St, Unit 31338 W Winona St3BR,1BA$1.20
5349 N Kenmore Ave, Unit F01C5349 N Kenmore Ave3BR,2BA$1.70
6354 N Paulina St, Unit 16354 N Paulina St2BR,1BA$1.44
6229 N Wayne Ave, Unit #16229 N Wayne Ave3BR,1.5BA$1.56
1263 W Thorndale Ave, Unit 1 Floor1263 W Thorndale Ave3BR,1BA$1.69
1544 W Glenlake Ave.2BR/2.0BA2BR,2BA$1.15
1774 W Highland Ave, Unit #5081774 W Highland Ave2BR,1.5BA$1.73
5737 N Winthrop Ave, Unit 48-0025737 N Winthrop Ave1BR,1BA$1.94
1548 W Highland Ave, Unit 2 East1548 W Highland Ave1BR,1BA$1.68

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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Pet Friendly Lifestyle
Edgewater, Chicago, IL

Ranked #35

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 736 Apartments for Rent in Edgewater, IL with pricing that ranges from $700 to $4,800. There are also 177 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,075 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 $1,075 to $4,100 with an average monthly rent of $2,538.

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 $2,458 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $4,100. Four Bedroom Single-Family rentals are also available starting from $4,000 and Four Bedroom Apartments start at $2,600.

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 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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.