Cheap Apartments for Rent in the Edgewater Neighborhood of Chicago, IL from $600 (114 Rentals)

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Search the lowest-cost Apartments 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
The SovereignStudio - MediumStudio,1BA$975
The EdisonStudio | 1 bath - EFFRStudio,1BA$1,077
Catalpa Vista ApartmentsSTUDIOStudio,1BA$1,095
Winthrop Terrace0BR/1.0BAStudio,1BA$1,150

Best Value Apartments for Rent in Edgewater, IL

As of April 22, 2025 the best value apartment in the Edgewater area is the $1.63 price per square foot 2B/2B - 5806 Model at Kenmore 5800 N in the in the Edgewater neighborhood starting from $2,600. The second greatest value Edgewater apartment is the 6307 n Wayne ave Model at 6307 n Wayne ave, Unit 1 starting at $2,000 with a $1.33 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.
Kenmore 5800 N2B/2B - 58062BR,2BA$1.63
6307 n Wayne ave, Unit 16307 n Wayne ave2BR,1BA$1.33
6315 N Glenwood Ave, Unit M08B6315 N Glenwood Ave3BR,1BA$1.63
5838 N Kenmore Ave, Unit 15838 N Kenmore Ave2BR,2BA$1.89
1406 W Summerdale Ave, Unit M3911406 W Summerdale Ave3BR,1BA$2.14
1544 W Glenlake Ave.2BR/2.0BA2BR,2BA$1.61
5664 N Ridge Ave, Unit M03B5664 N Ridge Ave1BR,1BA$1.79
5737 N Winthrop Ave, Unit M04B5737 N Winthrop Ave1BR,1BA$2.11
6343 N Magnolia Ave, Unit 1D6343 N Magnolia AveStudio ,1BA$1.92
1434 W Thorndale Ave, Unit M00B1434 W Thorndale Ave1BR,1BA$2.14

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Pet Friendly Lifestyle
Edgewater, Chicago, IL

Ranked #34

Among neighborhoods in Chicago, IL 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

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 $1,150.

What is the price of a cheap apartment in Edgewater?

The cheapest apartment in Edgewater is Wyndham Apartments which is listed at $1,364, while the average apartment in Edgewater costs $5,000.

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 1 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 $140 which is $4,860 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.

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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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.