Average Rent in Edgewater, Chicago, IL

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Current Versus Historical Edgewater, Chicago, IL Rents

Edgewater rentals average $1,300 for a studio rental to $4,250 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $31 per square feet.

For the apartment units and housing in October 2026, median rents have risen over the last year. Studio rentals prices have increased by $152 (12.10%) year-over-year from $1,252 to $1,404. 1-bedroom rentals prices have increased by $104 (6.32%) year-over-year from $1,646 to $1,750. 2-bedroom rentals prices have increased by $291 (13.29%) year-over-year from $2,192 to $2,483. 3-bedroom rentals prices have increased by $309 (10.17%) year-over-year from $3,041 to $3,350. 4-bedroom rentals prices have increased by $2,019 (65.54%) year-over-year from $3,081 to $5,100. 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 5.38% this month. 1-bedroom rents have gone up by 6.06% this month. 2-bedroom rents have gone down by 1.77% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone up by 7.18% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$38.95	$1,404	$1,252 (12.10%)	$1,097 (27.98%)
1 BR	$30.00	$1,750	$1,646 (6.32%)	$1,283 (36.36%)
2 BR	$26.61	$2,483	$2,192 (13.29%)	$2,046 (21.37%)
3 BR	$28.23	$3,350	$3,041 (10.17%)	$2,619 (27.92%)
4+ BR	$26.21	$5,100	$3,081 (65.54%)	$2,858 (78.48%)

Historical Rents in Edgewater, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Edgewater

There are a total of 11 cities nearby Edgewater. The average rent in Edgewater is currently $2,450 per month. Our records show that Palatine, IL, with an average rent of $2,150, is the most affordable city nearby. In contrast, the most expensive city near Edgewater, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,993 per month.

Let's compare Edgewater, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Edgewater, Chicago, IL is 8.65% more affordable than other cities nearby. One bedrooms are about 18.69% more affordable. Two bedrooms in Edgewater, Chicago, IL are about 8.06% more expensive. Finally, rent for three bedrooms are about 10.45% more expensive. Want more information? Check out the top 10 cities out of 11 total cities near Edgewater, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Palatine, IL	$1,300	$1,500	$1,950	$2,150
Oak Park, IL	$1,902	$1,725	$2,073	$2,295
Wheaton, IL	$1,475	$1,899	$2,349	$2,349
Chicago, IL	$1,675	$2,233	$2,695	$2,395
Arlington Heights, IL	$1,200	$1,750	$2,100	$2,450
Schaumburg, IL	N/A	$2,182	$2,300	$2,456
Evanston, IL	$2,218	$1,963	$2,294	$2,500
Skokie, IL	$1,195	$2,113	$2,300	$2,500
Vernon Hills, IL	$2,004	$2,229	$2,200	$2,525
Naperville, IL	$1,325	$1,650	$2,325	$2,993

Top Neighborhoods Near Edgewater

There are a total of 23 neighborhoods in or near Edgewater. Some of these neighborhoods include South Shore, Rogers Park, and Uptown. We've included all of these top 23 neighborhoods in or near Edgewater, Chicago, IL in the following table.

The average rent for these 23 neighborhoods in or near Edgewater, Chicago, IL is currently around $2,345 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty-two neighborhoods have a higher average rent than $2,345. Interestingly, the neighborhoods' average rent is higher than Edgewater's average rent, which is only $1,600. Out of all the neighborhoods in or near Edgewater, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,600 average rent per month, DePaul is the most expensive neighborhood in or near Edgewater. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,098	$1,150	$1,450	$1,500
Rogers Park, Chicago, IL	$1,325	$1,450	$1,995	$1,773
Uptown, Chicago, IL	$1,350	$1,700	$2,500	$1,900
Lawndale, Chicago, IL	$1,200	N/A	$1,700	$1,925
Hyde Park, Chicago, IL	$1,125	$1,500	$2,400	$1,950
West Rogers Park, Chicago, IL	$1,100	$1,500	$1,950	$1,976
Albany Park, Chicago, IL	$1,275	$1,560	$2,000	$1,998
Pilsen, Chicago, IL	$1,998	$1,500	$2,100	$2,100
Humboldt Park, Chicago, IL	$1,500	$1,725	$2,000	$2,200
Ravenswood, Chicago, IL	$1,400	$1,900	$2,695	$2,250
Jefferson Park, Chicago, IL	$1,345	$1,550	$2,275	$2,325
Logan Square, Chicago, IL	$1,548	$2,050	$2,450	$2,345
Lakeview, Chicago, IL	$1,520	$2,195	$3,125	$2,400
Bronzeville, Chicago, IL	$995	$1,650	$2,390	$2,563
West Loop, Chicago, IL	$2,100	$2,600	$3,625	$2,700
Lincoln Park, Chicago, IL	$1,850	$2,650	$3,950	$2,725
The Loop, Chicago, IL	$2,292	$2,538	$3,777	$2,750
South Loop, Chicago, IL	$2,154	$2,392	$3,300	$2,804
Bucktown, Chicago, IL	$2,166	$2,302	$3,400	$2,900
Near North Side, Chicago, IL	$2,155	$2,635	$4,000	$2,975
Near West Side, Chicago, IL	$2,250	$2,658	$3,711	$3,000
West Town, Chicago, IL	$2,517	$2,743	$3,750	$3,300
DePaul, Chicago, IL	$1,975	$2,600	$3,600	$3,600

Top Counties Near Edgewater

There are a total of 27 counties located by Edgewater, Chicago, IL. Some of these counties include Leyden, IL, Proviso, IL, and Oak Park, IL. The average rent for rentals in these counties is $2,450. That's roughly around $24 per sqft. The county that is the most affordable is Worth, IL. Its average rent per month is $1,725. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Edgewater, Chicago, IL.

Typically, rent for studios in Edgewater, Chicago, IL is 7.88% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Edgewater, Chicago, IL is on par with the other counties nearby. Finally, rent for two bedrooms in Edgewater, Chicago, IL is 15.83% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Leyden, IL	N/A	$1,488	$1,898	$1,975
Proviso, IL	$1,295	$1,400	$1,875	$1,998
Oak Park, IL	$1,902	$1,725	$2,073	$2,295
Chicago, IL	$1,675	$2,233	$2,695	$2,395
Elk Grove, IL	N/A	$1,825	$2,200	$2,475
Evanston, IL	$2,218	$1,963	$2,294	$2,500
Wheeling, IL	$1,200	$1,755	$2,000	$2,500
Maine, IL	N/A	$1,600	$2,375	$2,600
Niles, IL	$1,195	$2,300	$2,325	$2,895
Northfield, IL	N/A	$1,550	$2,348	$2,963

Top Zipcodes Near Edgewater

There are a total of 38 zipcodes in or near Edgewater, Chicago, IL. The average rent for all of these zipcodes is $2,304. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $3,102 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,488. That's at least $40 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Edgewater, Chicago, IL is $1,773 per month. Or in other words, $32 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,300 per month. Which comes out to $27 per sqft. The following table includes the top 10 zipcodes in Edgewater, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60660, Chicago, IL	$1,300	$1,550	$2,483	$1,550
60640, Chicago, IL	$1,300	$1,795	$2,500	$1,900
60626, Chicago, IL	$1,325	$1,450	$2,000	$1,750
60645, Chicago, IL	$1,350	$1,550	$1,975	$1,976
60659, Chicago, IL	$1,050	$1,400	$1,895	$1,900
60613, Chicago, IL	$1,500	$2,250	$3,000	$2,597
60625, Chicago, IL	$1,295	$1,750	$2,198	$2,000
60202, Evanston, IL	$1,915	$1,748	$1,998	$2,100
60657, Chicago, IL	$1,535	$2,100	$3,048	$2,323
60618, Chicago, IL	$1,475	$1,850	$2,175	$2,225

Frequently Asked Questions - Edgewater Average Rents

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

The average monthly rental price for Edgewater, Chicago, IL apartments for rent is approximately $1,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Edgewater, 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, Chicago, IL.

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

The average monthly rental price for studio apartments is $1,300 and an average price per square feet of $38.95. There are a total of 81 studio apartment listings currently available for rent in Edgewater.

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

The average monthly rental price for one bedroom apartments is $1,600 and an average price per square feet of $30.00. There are a total of 134 one bedroom apartment listings currently available for rent in Edgewater.

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

The average monthly rental price for two bedroom apartments is $2,495 and an average price per square feet of $26.61. There are a total of 51 two bedroom apartment listings currently available for rent in Edgewater.

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

Rent prices for rentals in Edgewater, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.13%, three bedroom rental prices have changed by 0.10% year-over-year.

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

A reasonable rent price in Edgewater, Chicago, IL is around $1,280/month. You can search for these reasonably priced rental listings on RentHop.