Cheap Homes for Rent in Edgewater Neighborhood of Chicago, IL from $900 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article

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

Read Article
Showing Results 1-47, Page 1 of 1

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 The Sovereign priced from $855. Bryn Mawr Belle 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
The SovereignStudio - SmallStudio,1BA$855
Bryn Mawr Belle ShoreStudio A1Studio,1BA$879
The Bell ShoreStudio A1Studio,1BA$879
The EdisonStudio | 1 bath - EFFRStudio,1BA$1,077
5417 Kenmore LLC311Studio,1BA$1,095
Catalpa Vista ApartmentsSTUDIOStudio,1BA$1,095
1040 HollywoodStudio - UpdatedStudio,1BA$1,095

Best Value Apartments for Rent in Edgewater, IL

As of April 17, 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
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$1.61
1271 W Ardmore Ave, Unit 21271 W Ardmore Ave3BR,1BA$1.76
5737 N Winthrop Ave, Unit M04B5737 N Winthrop Ave1BR,1BA$2.11
5664 N Ridge Ave, Unit M03B5664 N Ridge Ave1BR,1BA$1.79
6343 N Magnolia Ave, Unit 1D6343 N Magnolia AveStudio ,1BA$1.92
1224 W Victoria St, Unit G1224 W Victoria St1BR,1BA$2.10

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Edgewater

What type of rentals are currently available in Edgewater?

There are currently 720 Apartments for Rent in Edgewater, IL with pricing that ranges from $700 to $4,800. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,122 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 $1,122 to $4,100 with an average monthly rent of $2,515.

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 $2,200 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 $3,400 and Four Bedroom Apartments start at $3,400.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.