Cheap Apartments for Rent in the Edgewater Neighborhood of Chicago, IL from $600 (123 Rentals)

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Cheap Apartments 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 EdisonStudio | 1 bath - EFFRStudio,1BA$1,090
5417 Kenmore LLC309Studio,1BA$1,095
Winthrop Terrace0BR/1.0BAStudio,1BA$1,150

Best Value Apartments for Rent in Edgewater, IL

As of May 05, 2025 the best value apartment in the Edgewater area is the $1.33 price per square foot 6307 n Wayne ave Model at 6307 n Wayne ave, Unit 1 in the in the Edgewater neighborhood starting from $2,000. The second greatest value Edgewater apartment is the 5838 N Kenmore Ave Model at 5838 N Kenmore Ave, Unit 1 starting at $2,650 with a $1.89 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.
6307 n Wayne ave, Unit 16307 n Wayne ave2BR,1BA$1.33
5838 N Kenmore Ave, Unit 15838 N Kenmore Ave2BR,2BA$1.89
6315 N Glenwood Ave, Unit M08B6315 N Glenwood Ave3BR,1BA$1.63
1544 W Glenlake Ave.2BR/2.0BA2BR,2BA$1.52
1535 W Granville Ave, Unit #21535 W Granville Ave2BR,1BA$1.92
5668 N Ridge Ave, Unit ONE BED5668 N Ridge Ave1BR,1BA$1.73
6343 N Magnolia Ave, Unit ONE BED6343 N Magnolia Ave1BR,1BA$1.93
5664 N Ridge Ave, Unit M03B5664 N Ridge Ave1BR,1BA$1.79
5668 N Ridge Ave, Unit A03C5668 N Ridge Ave1BR,1BA$1.86
6343 N Magnolia Ave, Unit 1D6343 N Magnolia AveStudio ,1BA$1.92

Quick Rent Budget Calculator

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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 5417 Kenmore LLC which is listed at $1,395, 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 2 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 $138 which is $4,862 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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.