Average Rent in Edgewater, Chicago, IL

Current Versus Historical Edgewater, Chicago, IL Rents

Edgewater rentals average $1,050 for a studio rental to $4,000 for a 4-bedroom rental. The median price of all currently available listings is $1,513, or roughly $27 per square feet.

For the apartment units and housing in May 2023, median rents have risen over the last year. Studio rentals prices have decreased by $16 (-1.54%) year-over-year from $1,041 to $1,025. 1-bedroom rentals prices have increased by $78 (5.94%) year-over-year from $1,317 to $1,395. 2-bedroom rentals prices have increased by $181 (9.99%) year-over-year from $1,814 to $1,995. 3-bedroom rentals prices have increased by $517 (20.81%) year-over-year from $2,483 to $3,000. 4-bedroom rentals prices have increased by $993 (33.00%) year-over-year from $3,008 to $4,000. 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 down by 0.81% this month. 1-bedroom rents have gone up by 4.38% this month. 2-bedroom rents have gone up by 1.57% this month. 3-bedroom rents have gone up by 3.54% this month. 4-bedroom rents have gone up by 5.83% this month.

Beds	Price / Sqft	May 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$32	$1,025	$1,041 (-1.54%)	$1,058 (-3.15%)
1 BR	$26	$1,395	$1,317 (5.94%)	$1,351 (3.26%)
2 BR	$24	$1,995	$1,814 (9.99%)	$1,858 (7.35%)
3 BR	$27	$3,000	$2,483 (20.81%)	$2,418 (24.08%)
4+ BR	$27	$4,000	$3,008 (33.00%)	$2,779 (43.93%)

Historical Rents in Edgewater, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Edgewater

There are a total of 8 cities nearby Edgewater. The average rent in Edgewater is currently $1,950 per month. Only one city nearby has an average rent lower than that. Our records show that Oak Park, IL, with an average rent of $1,399, 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 $2,650 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 0.36% more expensive than other cities nearby. One bedrooms are about 4.49% more affordable. Two bedrooms in Edgewater, Chicago, IL are about 4.24% more affordable. Finally, rent for three bedrooms are about 10.42% more expensive. Want more information? Check out the top 8 cities near Edgewater, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,098	$1,260	$1,660	$1,399
Chicago, IL	$1,295	$1,695	$1,900	$1,750
Evanston, IL	$1,125	$1,595	$2,200	$1,900
Wheaton, IL	$1,150	$1,775	$2,188	$1,905
Schaumburg, IL	N/A	$1,914	$2,000	$1,995
Joliet, IL	N/A	$788	$2,045	$2,045
Aurora, IL	$995	$1,118	$2,073	$2,150
Naperville, IL	N/A	$1,488	$2,175	$2,650

Top Neighborhoods Near Edgewater

There are a total of 21 neighborhoods in or near Edgewater. Some of these neighborhoods include Chatham, Gresham, and South Shore. We've included all of these top 21 neighborhoods in or near Edgewater, Chicago, IL in the following chart.

The average rent for these 21 neighborhoods in or near Edgewater, Chicago, IL is currently around $1,800 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $1,800. Interestingly, the neighborhoods' average rent is higher than Edgewater's average rent, which is only $1,513. Out of all the neighborhoods in or near Edgewater, Chatham has the most affordable average rent at $915 per month. Whereas, at $2,975 average rent per month, The Loop is the most expensive neighborhood in or near Edgewater. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Chatham, Chicago, IL	$713	$865	$970	$915
Gresham, Chicago, IL	$775	$895	$1,020	$1,020
South Shore, Chicago, IL	$825	$935	$1,200	$1,070
Austin, Chicago, IL	$890	$1,015	$1,195	$1,153
Lawndale, Chicago, IL	$785	$1,000	$1,220	$1,300
Rogers Park, Chicago, IL	$1,025	$1,273	$1,800	$1,400
Ravenswood, Chicago, IL	$1,250	$1,595	$2,673	$1,550
Logan Square, Chicago, IL	$1,150	$1,595	$2,095	$1,595
Uptown, Chicago, IL	$1,150	$1,600	$2,423	$1,600
Lincoln Park, Chicago, IL	$1,595	$2,040	$3,050	$1,700
Humboldt Park, Chicago, IL	N/A	$1,295	$1,695	$1,800
Pilsen, Chicago, IL	$1,688	$1,538	$1,700	$1,800
Lakeview, Chicago, IL	$1,295	$1,950	$2,595	$1,945
Bronzeville, Chicago, IL	$1,000	$1,375	$2,000	$2,000
University Village - Little Italy, Chicago, IL	$1,477	$1,750	$2,100	$2,263
DePaul, Chicago, IL	$1,138	$1,995	$2,315	$2,295
Hyde Park, Chicago, IL	$1,225	$1,538	$1,900	$2,500
South Loop, Chicago, IL	$1,667	$2,100	$3,000	$2,530
West Town, Chicago, IL	N/A	$1,975	$3,043	$2,700
Near North Side, Chicago, IL	$1,880	$2,450	$3,655	$2,750
The Loop, Chicago, IL	$1,989	$2,200	$3,536	$2,975

Top Counties Near Edgewater

There are a total of 21 counties located by Edgewater, Chicago, IL. Some of these counties include North, IN, Thornton, IL, and Proviso, IL. The average rent for rentals in these counties is $1,813. That's roughly around $24 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is North, IN. It's average rent per month is $875. Vice versa, with an average rent of $2,300, Naperville, IL is the most expensive county by Edgewater, Chicago, IL.

Typically, rent for studios in Edgewater, Chicago, IL is 5.83% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Edgewater, Chicago, IL is 3.22% more expensive than other counties nearby. Finally, rent for two bedrooms in Edgewater, Chicago, IL is 1.27% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
North, IN	$388	$775	$1,095	$875
Thornton, IL	$858	$925	$1,250	$1,200
Proviso, IL	$1,150	$1,125	$1,625	$1,275
Oak Park, IL	$1,098	$1,260	$1,660	$1,399
Chicago, IL	$1,295	$1,695	$1,900	$1,750
Milton, IL	$1,150	$1,760	$2,173	$1,875
Evanston, IL	$1,125	$1,595	$2,200	$1,900
Schaumburg, IL	N/A	$1,890	$2,000	$1,965
Downers Grove, IL	$1,295	$1,617	$2,100	$1,965
Naperville, IL	N/A	N/A	$2,100	$2,300

Top Zipcodes Near Edgewater

There are a total of 34 zipcodes in or near Edgewater, Chicago, IL. The average rent for all of these zipcodes is $1,821. A total of 12 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60619, Chicago, IL at $995 per month. In comparison, the zipcode with the most expensive average rent of $3,425 per month is 60601, Chicago, IL.

Studios in these zipcodes have an average rent of $1,153. That's at least $32 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 $1,548 per month. Or in other words, $28 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,058 per month. Which comes out to $26 per sqft. The following chart 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	$1,225	$1,425	$2,050	$1,600
60640, Chicago, IL	$1,125	$1,600	$2,100	$1,450
60626, Chicago, IL	$1,025	$1,325	$1,800	$1,463
60613, Chicago, IL	$1,323	$1,900	$2,595	$2,200
60625, Chicago, IL	$1,295	$1,595	$1,995	$1,595
60202, Evanston, IL	$1,125	$1,500	$1,985	$1,685
60657, Chicago, IL	$1,295	$1,945	$2,595	$1,845
60618, Chicago, IL	$1,193	$1,495	$2,100	$1,950
60614, Chicago, IL	$1,550	$2,043	$2,798	$1,995
60647, Chicago, IL	$1,162	$1,650	$2,150	$1,613

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 $1,513. 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 $1,050 and an average price per square feet of $32.11. There are a total of 40 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 $1,475 and an average price per square feet of $25.97. There are a total of 64 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 $1,975 and an average price per square feet of $24.00. There are a total of 28 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 -0.02%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.21% year-over-year.

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

A reasonable rent price in Edgewater, Chicago, IL is around $1,210/month. You can search for these reasonably priced rental listings on RentHop.