Cheap 1 Bedroom Apartments for Rent in the Edgewater Neighborhood of Chicago, IL from $945 (55 Rentals)

5326 N Winthrop Ave

Peterson Plaza

5664 N Ridge Ave, Unit M03B

5945 N Paulina St, Unit 1

5942 N Paulina St, Unit 1

5670 N Ridge Ave, Unit 2N

5668 N Ridge Ave, Unit 2N

5661 N Ridge Ave, Unit 62-1E
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

5668 N Ridge Ave, Unit ONE BED

1434 W Thorndale Ave, Unit M00B

6031 N Paulina St

Wyndham Apartments

Winthrop Place

6343 N Magnolia Ave, Unit ONE BED

6347 N Magnolia Ave, Unit 2H
Edgewater, Chicago, IL Local Guide

How much does it cost to rent an apartment in Edgewater?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Edgewater Studio Apartments | $1,341 | $700 | $2,540 |
Edgewater 1 Bedroom Apartments | $1,881 | $945 | $3,550 |
Edgewater 2 Bedroom Apartments | $2,440 | $1,400 | $3,650 |
Edgewater 3 Bedroom Apartments | $3,243 | $2,200 | $4,800 |
Edgewater 4 Bedroom Apartments | $3,798 | $3,400 | $4,000 |
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Edgewater, Chicago, IL Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
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.
Getting Around the Edgewater Neighborhood in Chicago, IL
Walk Score®
91 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
87 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
70 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Edgewater Apartments
What is a cheap apartment in Edgewater?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Edgewater is under $1,135.
What is the price of a cheap apartment in Edgewater?
The cheapest apartment in Edgewater is 1040 Hollywood which is listed at $1,295, while the average apartment in Edgewater costs $3,897.
What types of apartments are the cheapest in Edgewater?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Edgewater that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Edgewater?
Cheap apartments in Edgewater have an average cost of $167 which is $3,730 cheaper than the average rent for all rentals in Edgewater.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.