Cheap Homes for Rent in Edgewater Neighborhood of Chicago, IL from $1,000 (62 Rentals)

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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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
1101 W Granville AveStudio1BR,1BA$1,075
5417 Kenmore LLC403Studio,1BA$1,095
The EdisonStudio | 1 bath - EFFRStudio,1BA$1,113
Winthrop Terrace0BR/1.0BAStudio,1BA$1,150

Best Value Apartments for Rent in Edgewater, IL

As of May 09, 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
1246 W Winona St, Unit Apt 21246 W Winona St2BR,1BA$1.14
1544 W Glenlake Ave.2BR/2.0BA2BR,2BA$1.61
1535 W Granville Ave, Unit #21535 W Granville Ave2BR,1BA$1.92
5927 N Paulina St, Unit 2W5927 N Paulina St1BR,1BA$1.77
5668 N Ridge Ave, Unit ONE BED5668 N Ridge Ave1BR,1BA$1.73
5668 N Ridge Ave, Unit A03C5668 N Ridge Ave1BR,1BA$1.86
5664 N Ridge Ave, Unit M03B5664 N Ridge Ave1BR,1BA$1.86
6343 N Magnolia Ave, Unit 1D6343 N Magnolia AveStudio ,1BA$1.92

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Frequently Asked Questions about Edgewater

What type of rentals are currently available in Edgewater?

There are currently 719 Apartments for Rent in Edgewater, IL with pricing that ranges from $700 to $4,800. There are also 156 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,095 to $6,500.

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 $1,095 to $6,500 with an average monthly rent of $2,872.

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 $2,450 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $4,000.

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 Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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

Written by: Brandie Parton

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