Average Rent in Edgewater, Chicago, IL

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Current Versus Historical Edgewater, Chicago, IL Rents

Edgewater rentals average $1,295 for a studio rental to $3,800 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $30 per square feet.

For the apartment units and housing in August 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $154 (12.37%) year-over-year from $1,246 to $1,400. 1-bedroom rentals prices have increased by $35 (2.10%) year-over-year from $1,665 to $1,700. 2-bedroom rentals prices have increased by $400 (17.39%) year-over-year from $2,300 to $2,700. 3-bedroom rentals prices have increased by $558 (19.48%) year-over-year from $2,867 to $3,425. 4-bedroom rentals prices have increased by $540 (16.56%) year-over-year from $3,260 to $3,800. 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 7.01% this month. 1-bedroom rents have gone up by 8.51% this month. 2-bedroom rents have gone up by 9.46% this month. 3-bedroom rents have gone up by 13.47% this month. 4-bedroom rents have gone up by 0.71% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$37.84	$1,400	$1,246 (12.37%)	$1,074 (30.35%)
1 BR	$27.36	$1,700	$1,665 (2.10%)	$1,348 (26.08%)
2 BR	$26.46	$2,700	$2,300 (17.39%)	$2,004 (34.72%)
3 BR	$28.15	$3,425	$2,867 (19.48%)	$2,644 (29.53%)
4+ BR	$25.33	$3,800	$3,260 (16.56%)	$3,096 (22.75%)

Historical Rents in Edgewater, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Edgewater

There are a total of 13 cities nearby Edgewater. The average rent in Edgewater is currently $2,393 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Cicero, IL, with an average rent of $1,150, is the most affordable city nearby. In contrast, the most expensive city near Edgewater, Chicago, IL is Buffalo Grove, IL. Monthly rents here are on average $2,750 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 31.66% more expensive than other cities nearby. One bedrooms are about 24.60% more affordable. Two bedrooms in Edgewater, Chicago, IL are about 10.58% more expensive. Finally, rent for three bedrooms are about 10.45% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near Edgewater, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,063	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,750	$1,350
Palatine, IL	N/A	$1,500	$1,850	$1,900
Chicago, IL	$1,523	$2,015	$2,400	$2,250
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Schaumburg, IL	N/A	$2,200	$2,250	$2,393
Evanston, IL	$2,413	$2,295	$2,395	$2,535
Skokie, IL	N/A	$2,075	$2,250	$2,600
Buffalo Grove, IL	N/A	$1,750	$2,525	$2,750
Vernon Hills, IL	N/A	$1,900	$2,350	$2,750

Top Neighborhoods Near Edgewater

There are a total of 28 neighborhoods in or near Edgewater. Some of these neighborhoods include Englewood, South Shore, and Austin. We've included all of these top 28 neighborhoods in or near Edgewater, Chicago, IL in the following table.

The average rent for these 28 neighborhoods in or near Edgewater, Chicago, IL is currently around $2,385 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only twenty-five neighborhoods have a higher average rent than $2,385. 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, Englewood has the most affordable average rent at $1,400 per month. Whereas, at $3,960 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
Englewood, Chicago, IL	$1,100	$1,250	$1,390	$1,400
South Shore, Chicago, IL	$1,038	$1,149	$1,525	$1,575
Austin, Chicago, IL	$850	$699	$1,775	$1,600
Rogers Park, Chicago, IL	$1,200	$1,450	$1,900	$1,650
Lawndale, Chicago, IL	$1,600	$1,450	$1,750	$1,900
Uptown, Chicago, IL	$1,300	$1,750	$2,700	$1,923
Pilsen, Chicago, IL	$1,425	$1,800	$1,893	$1,973
Albany Park, Chicago, IL	$1,250	$1,545	$2,000	$1,998
West Rogers Park, Chicago, IL	$1,350	$1,585	$1,975	$2,000
Jefferson Park, Chicago, IL	$1,348	$1,595	$1,950	$2,100
Ravenswood, Chicago, IL	$1,500	$1,900	$2,595	$2,150
Humboldt Park, Chicago, IL	$1,850	$1,975	$2,075	$2,263
Far East, Aurora, IL	N/A	$1,905	$2,266	$2,266
Logan Square, Chicago, IL	$1,475	$1,995	$2,550	$2,375
Lakeview, Chicago, IL	$1,500	$2,100	$3,100	$2,395
Hyde Park, Chicago, IL	$1,375	$1,595	$2,045	$2,397
Bronzeville, Chicago, IL	$1,200	$1,600	$2,365	$2,450
Lincoln Park, Chicago, IL	$1,650	$2,550	$3,750	$2,750
Near North Side, Chicago, IL	$1,950	$2,598	$4,000	$2,800
University Village - Little Italy, Chicago, IL	$1,488	$2,250	$2,750	$2,800
South Loop, Chicago, IL	$1,850	$2,335	$3,200	$2,800
Roscoe Village, Chicago, IL	$1,473	$2,043	$2,725	$2,925
The Loop, Chicago, IL	$1,935	$2,500	$3,500	$2,999
Wicker Park, Chicago, IL	$2,600	$2,125	$2,775	$3,100
West Town, Chicago, IL	N/A	$2,395	$2,973	$3,195
Near West Side, Chicago, IL	N/A	$2,800	$3,550	$3,200
Bucktown, Chicago, IL	$2,230	$2,515	$3,750	$3,500
DePaul, Chicago, IL	$1,975	$2,463	$3,500	$3,960

Top Counties Near Edgewater

There are a total of 31 counties located by Edgewater, Chicago, IL. Some of these counties include Cicero, IL, Berwyn, IL, and Leyden, IL. The average rent for rentals in these counties is $2,425. That's roughly around $24 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Cicero, IL. Its average rent per month is $1,150. Vice versa, with an average rent of $3,500, New Trier, IL is the most expensive county by Edgewater, Chicago, IL.

Typically, rent for studios in Edgewater, Chicago, IL is 14.38% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Edgewater, Chicago, IL is 8.33% more affordable than other counties nearby. Finally, rent for two bedrooms in Edgewater, Chicago, IL is 16.35% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,063	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,750	$1,350
Leyden, IL	$1,200	$1,395	$2,050	$1,800
Chicago, IL	$1,523	$2,015	$2,400	$2,250
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Maine, IL	$1,195	$1,600	$2,275	$2,500
Evanston, IL	$2,413	$2,295	$2,395	$2,535
Northfield, IL	N/A	$1,660	$2,500	$2,950
Niles, IL	N/A	$2,500	$2,350	$2,995
New Trier, IL	$1,595	$1,890	$3,500	$3,500

Top Zipcodes Near Edgewater

There are a total of 41 zipcodes in or near Edgewater, Chicago, IL. The average rent for all of these zipcodes is $2,200. A total of 6 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60804, Cicero, IL at $1,150 per month. In comparison, the zipcode with the most expensive average rent of $3,200 per month is 60614, Chicago, IL.

Studios in these zipcodes have an average rent of $1,450. That's at least $36 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 $1,800 per month. Or in other words, $32 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,250 per month. Which comes out to $26 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	$1,295	$1,500	$2,598	$1,500
60640, Chicago, IL	$1,300	$1,850	$2,500	$1,955
60626, Chicago, IL	$1,200	$1,450	$1,950	$1,650
60645, Chicago, IL	$1,350	$1,595	$1,975	$1,898
60659, Chicago, IL	N/A	$1,485	$1,895	$2,000
60613, Chicago, IL	$1,500	$2,000	$3,000	$2,400
60625, Chicago, IL	$1,395	$1,775	$2,150	$2,150
60202, Evanston, IL	$2,038	$1,650	$2,175	$2,200
60657, Chicago, IL	$1,503	$2,100	$3,125	$2,350
60618, Chicago, IL	$1,450	$1,838	$2,398	$2,398

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 $1,295 and an average price per square feet of $37.84. There are a total of 63 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 $1,500 and an average price per square feet of $27.36. There are a total of 106 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 $2,600 and an average price per square feet of $26.46. There are a total of 41 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 0.02%, two bedroom rental prices have changed by 0.17%, three bedroom rental prices have changed by 0.19% 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.