Average Rent in Edgewater Beach, Chicago, IL

Current Versus Historical Edgewater Beach, Chicago, IL Rents

Edgewater Beach rentals average $1,300 for a studio rental to $2,400 for a 2-bedroom rental. The median price of all currently available listings is $1,500, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $233 (22.40%) year-over-year from $1,042 to $1,275. 1-bedroom rentals prices have increased by $387 (28.36%) year-over-year from $1,363 to $1,750. 2-bedroom rentals prices have increased by $498 (26.21%) year-over-year from $1,902 to $2,400. 3-bedroom rentals prices have decreased by $458 (-15.49%) year-over-year from $2,958 to $2,500. 4-bedroom rentals prices have increased by $668 (19.49%) year-over-year from $3,427 to $4,095. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 7.94% this month. 1-bedroom rents have gone up by 12.42% this month. 2-bedroom rents have gone up by 6.87% this month. 3-bedroom rents have gone down by 9.58% this month. 4-bedroom rents have gone up by 4.84% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.28	$1,275	$1,042 (22.40%)	$1,057 (20.62%)
1 BR	$2.23	$1,750	$1,363 (28.36%)	$1,388 (26.05%)
2 BR	$2.20	$2,400	$1,902 (26.21%)	$1,738 (38.13%)

Historical Rents in Edgewater Beach, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Edgewater Beach

There are a total of 5 cities nearby Edgewater Beach. The average rent in Edgewater Beach is currently $2,257 per month. Our records show that Chicago, IL, with an average rent of $2,195, is the most affordable city nearby. In contrast, the most expensive city near Edgewater Beach, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,800 per month.

Let's compare Edgewater Beach, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 23.00% more affordable. Two bedrooms in Edgewater Beach, Chicago, IL are about 3.75% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 5 cities near Edgewater Beach, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,845	$2,400	$2,195
Schaumburg, IL	N/A	$1,995	$2,459	$2,195
Wheaton, IL	N/A	$1,923	$2,310	$2,257
Aurora, IL	N/A	$1,300	$2,100	$2,298
Naperville, IL	N/A	$1,663	$2,250	$2,800

Top Neighborhoods Near Edgewater Beach

There are a total of 9 neighborhoods in or near Edgewater Beach. Some of these neighborhoods include Rogers Park, Uptown, and Ravenswood. We've included all of these top 9 neighborhoods in or near Edgewater Beach, Chicago, IL in the following chart.

The average rent for these 9 neighborhoods in or near Edgewater Beach, Chicago, IL is currently around $2,100 per month. Meaning, only nine neighborhoods have a higher average rent than $2,100. Interestingly, the neighborhoods' average rent is higher than Edgewater Beach's average rent, which is only $1,500. Out of all the neighborhoods in or near Edgewater Beach, Rogers Park has the most affordable average rent at $1,550 per month. Whereas, at $3,225 average rent per month, Near North Side is the most expensive neighborhood in or near Edgewater Beach. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,075	$1,300	$1,795	$1,550
Uptown, Chicago, IL	$1,200	$1,695	$2,600	$1,695
Ravenswood, Chicago, IL	$1,220	$1,625	$2,948	$1,845
Lakeview, Chicago, IL	$1,495	$1,923	$2,750	$2,100
Logan Square, Chicago, IL	$1,150	$1,950	$2,050	$2,100
Hyde Park, Chicago, IL	$1,275	$1,650	$1,875	$2,267
The Loop, Chicago, IL	$1,825	$2,500	$3,200	$2,700
South Loop, Chicago, IL	N/A	$2,200	$3,000	$2,800
Near North Side, Chicago, IL	$1,750	$2,450	$3,692	$3,225

Top Counties Near Edgewater Beach

There are a total of 9 counties located by Edgewater Beach, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,200. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,195. Vice versa, with an average rent of $2,650, Naperville, IL is the most expensive county by Edgewater Beach, Chicago, IL.

In comparison, rent for one bedroom listings in Edgewater Beach, Chicago, IL is 23.00% more affordable than other counties nearby. Finally, rent for two bedrooms in Edgewater Beach, Chicago, IL is 4.17% more expensive than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,845	$2,400	$2,195
Schaumburg, IL	N/A	$1,995	$2,464	$2,198
Downers Grove, IL	N/A	$1,830	$2,218	$2,200
Milton, IL	N/A	$1,900	$2,300	$2,257
Naperville, IL	N/A	$1,663	$2,195	$2,650

Top Zipcodes Near Edgewater Beach

There are a total of 18 zipcodes in or near Edgewater Beach, Chicago, IL. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 10 zipcodes in Edgewater Beach, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60640, Chicago, IL	$1,325	$1,695	$2,400	$1,695
60626, Chicago, IL	$1,075	$1,300	$1,790	$1,518
60613, Chicago, IL	$1,450	$1,795	$2,593	$2,200
60625, Chicago, IL	$1,100	$1,550	$2,175	$1,700
60657, Chicago, IL	$1,495	$1,898	$2,800	$2,095
60618, Chicago, IL	$1,200	$1,675	$1,950	$2,150
60614, Chicago, IL	$1,525	$2,295	$3,295	$2,545
60647, Chicago, IL	$1,150	$1,950	$2,225	$2,200
60642, Chicago, IL	$1,929	$2,350	$2,650	$2,645
60610, Chicago, IL	$1,713	$2,233	$3,600	$3,000

Frequently Asked Questions - Edgewater Beach Average Rents

What is the average rent price in Edgewater Beach, Chicago, IL?

The average monthly rental price for Edgewater Beach, Chicago, IL apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Edgewater Beach, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Edgewater Beach, Chicago, IL.

How much is a studio apartment in Edgewater Beach, Chicago, IL?

The average monthly rental price for studio apartments is $1,300 and an average price per square feet of $2.28. There are a total of 7 studio apartment listings currently available for rent in Edgewater Beach.

How much is a one bedroom apartment in Edgewater Beach, Chicago, IL?

The average monthly rental price for one bedroom apartments is $1,500 and an average price per square feet of $2.23. There are a total of 20 one bedroom apartment listings currently available for rent in Edgewater Beach.

How much is a two bedroom apartment in Edgewater Beach, Chicago, IL?

The average monthly rental price for two bedroom apartments is $2,400 and an average price per square feet of $2.20. There are a total of 9 two bedroom apartment listings currently available for rent in Edgewater Beach.

How have rent prices in Edgewater Beach, Chicago, IL changed this year?

Rent prices for rentals in Edgewater Beach, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.22%, one bedroom rental prices have changed by 0.28%, two bedroom rental prices have changed by 0.26%, and three bedroom rental prices have changed by -0.15% year-over-year.

What is a reasonable rent price in Edgewater Beach, Chicago, IL?

A reasonable rent price in Edgewater Beach, Chicago, IL is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.