Average Rent in Edgewater, Chicago, IL

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Current Versus Historical Edgewater, Chicago, IL Rents

Edgewater rentals average $1,325 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,750, or roughly $3 per square feet.

For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $113 (10.17%) year-over-year from $1,107 to $1,220. 1-bedroom rentals prices have increased by $233 (17.07%) year-over-year from $1,367 to $1,600. 2-bedroom rentals prices have increased by $78 (3.40%) year-over-year from $2,283 to $2,361. 3-bedroom rentals prices have increased by $36 (1.25%) year-over-year from $2,864 to $2,900. 4-bedroom rentals prices have increased by $590 (17.18%) year-over-year from $3,435 to $4,025. 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 2.04% this month. 1-bedroom rents have gone up by 4.35% this month. 2-bedroom rents have gone up by 4.78% this month. 3-bedroom rents have gone up by 2.36% this month. 4-bedroom rents have gone down by 1.63% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.48	$1,220	$1,107 (10.17%)	$1,037 (17.68%)
1 BR	$2.65	$1,600	$1,367 (17.07%)	$1,318 (21.37%)
2 BR	$2.67	$2,361	$2,283 (3.40%)	$1,757 (34.40%)
3 BR	$2.23	$2,900	$2,864 (1.25%)	$2,278 (27.30%)

Historical Rents in Edgewater, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Edgewater

There are a total of 6 cities nearby Edgewater. The average rent in Edgewater is currently $2,347 per month. Our records show that Chicago, IL, with an average rent of $2,100, 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 $2,750 per month.

Let's compare Edgewater, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 11.59% more affordable. Two bedrooms in Edgewater, Chicago, IL are about 6.92% more affordable. Finally, rent for three bedrooms are about 5.79% more expensive. Want more information? Check out the top 6 cities near Edgewater, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,845	$2,200	$2,100
Wheaton, IL	N/A	$1,899	$2,357	$2,271
Schaumburg, IL	N/A	$2,056	$2,603	$2,293
Aurora, IL	N/A	$1,635	$2,200	$2,400
Evanston, IL	$1,525	$2,100	$2,973	$2,745
Naperville, IL	N/A	N/A	$2,348	$2,750

Top Neighborhoods Near Edgewater

There are a total of 14 neighborhoods in or near Edgewater. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 14 neighborhoods in or near Edgewater, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Edgewater, Chicago, IL is currently around $2,238 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $2,238. Interestingly, the neighborhoods' average rent is higher than Edgewater's average rent, which is only $1,750. Out of all the neighborhoods in or near Edgewater, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,450 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
South Shore, Chicago, IL	$873	$1,150	$1,450	$1,500
Uptown, Chicago, IL	$1,198	$1,650	$2,300	$1,638
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,725
Humboldt Park, Chicago, IL	N/A	$2,188	$1,750	$2,000
West Rogers Park, Chicago, IL	$1,963	$1,600	$2,025	$2,075
Pilsen, Chicago, IL	N/A	$1,525	$1,895	$2,148
Woodlawn, Chicago, IL	N/A	$1,600	$1,900	$2,225
Logan Square, Chicago, IL	$1,295	$2,095	$2,300	$2,250
Bronzeville, Chicago, IL	$1,060	$1,425	$2,185	$2,350
Hyde Park, Chicago, IL	$1,290	$1,548	$1,925	$2,398
Lakeview, Chicago, IL	$1,440	$1,898	$2,750	$2,400
South Loop, Chicago, IL	$1,625	$2,200	$3,000	$2,600
Near North Side, Chicago, IL	$1,765	$2,400	$4,200	$2,789
The Loop, Chicago, IL	$1,960	$2,600	$3,600	$3,450

Top Counties Near Edgewater

There are a total of 14 counties located by Edgewater, Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Milton, IL. The average rent for rentals in these counties is $2,329. That's roughly around $2 per sqft. The county that is the most affordable is Downers Grove, IL. It's average rent per month is $2,100. Vice versa, with an average rent of $2,745, Evanston, IL is the most expensive county by Edgewater, Chicago, IL.

In comparison, rent for one bedroom listings in Edgewater, Chicago, IL is 13.20% more affordable than other counties nearby. Finally, rent for two bedrooms in Edgewater, Chicago, IL is 3.23% more affordable than other counties nearby. We've listed the top 7 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Downers Grove, IL	N/A	$1,749	$2,149	$2,100
Chicago, IL	$1,350	$1,845	$2,200	$2,100
Milton, IL	N/A	$1,899	$2,271	$2,271
Schaumburg, IL	N/A	$2,139	$2,450	$2,329
Naperville, IL	N/A	$1,910	$2,250	$2,600
Leyden, IL	N/A	$1,550	$2,750	$2,650
Evanston, IL	$1,525	$2,100	$2,973	$2,745

Top Zipcodes Near Edgewater

There are a total of 3 zipcodes in or near Edgewater, Chicago, IL. The average rent for all of these zipcodes is $2,263.

The following chart includes the top 3 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
60618, Chicago, IL	$1,600	$1,750	$2,210	$2,398
60641, Chicago, IL	$1,175	$1,400	$1,775	$1,775
60615, Chicago, IL	$1,250	$1,525	$2,125	$2,263

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 $1,750. 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 $1,325 and an average price per square feet of $3.48. There are a total of 47 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 $1,678 and an average price per square feet of $2.65. There are a total of 66 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 $2,200 and an average price per square feet of $2.67. There are a total of 45 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 0.10%, one bedroom rental prices have changed by 0.17%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.01% year-over-year.

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

A reasonable rent price in Edgewater, Chicago, IL is around $1,400/month. You can search for these reasonably priced rental listings on RentHop.