Average Rent in Edgewater, Chicago, IL

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Current Versus Historical Edgewater, Chicago, IL Rents

Edgewater rentals average $1,298 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $168 (15.21%) year-over-year from $1,107 to $1,275. 1-bedroom rentals prices have increased by $333 (25.32%) year-over-year from $1,317 to $1,650. 2-bedroom rentals prices have decreased by $42 (-1.95%) year-over-year from $2,142 to $2,100. 3-bedroom rentals prices have increased by $148 (5.47%) year-over-year from $2,702 to $2,850. 4-bedroom rentals prices have increased by $138 (4.81%) year-over-year from $2,858 to $2,995. 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 7.75% this month. 1-bedroom rents have gone up by 6.17% this month. 2-bedroom rents have gone down by 5.01% this month. 3-bedroom rents have gone down by 1.44% this month. 4-bedroom rents have gone up by 3.34% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.51	$1,275	$1,107 (15.21%)	$1,007 (26.66%)
1 BR	$2.29	$1,650	$1,317 (25.32%)	$1,321 (24.92%)
2 BR	$2.42	$2,100	$2,142 (-1.95%)	$1,725 (21.74%)
3 BR	$1.84	$2,850	$2,702 (5.47%)	$2,233 (27.61%)

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 $2,550 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 Evanston, IL. Monthly rents here are on average $2,795 per month.

Let's compare Edgewater, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 10.77% more affordable. Two bedrooms in Edgewater, Chicago, IL are about 4.42% more affordable. Finally, rent for three bedrooms are about 0.96% 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	$1,375	$1,800	$2,200	$2,100
Schaumburg, IL	N/A	$2,131	$2,290	$2,250
Aurora, IL	N/A	$1,523	$2,200	$2,450
Oak Park, IL	N/A	$1,750	$2,625	$2,650
Naperville, IL	N/A	$1,850	$2,200	$2,700
Evanston, IL	$2,306	$2,250	$2,795	$2,795

Top Neighborhoods Near Edgewater

There are a total of 17 neighborhoods in or near Edgewater. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 17 neighborhoods in or near Edgewater, Chicago, IL in the following chart.

The average rent for these 17 neighborhoods in or near Edgewater, Chicago, IL is currently around $2,200 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $2,200. Interestingly, the neighborhoods' average rent is higher than Edgewater's average rent, which is only $1,800. Out of all the neighborhoods in or near Edgewater, South Shore has the most affordable average rent at $1,275 per month. Whereas, at $2,950 average rent per month, Near North Side 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	$1,050	$1,050	$1,230	$1,275
Uptown, Chicago, IL	$1,200	$1,600	$2,325	$1,600
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,650
West Rogers Park, Chicago, IL	N/A	$1,625	$1,850	$2,000
Lincoln Park, Chicago, IL	$1,788	$2,190	$3,800	$2,017
Pilsen, Chicago, IL	N/A	$1,600	$1,750	$2,050
Ravenswood, Chicago, IL	$1,300	$1,800	$2,200	$2,100
Humboldt Park, Chicago, IL	N/A	$1,750	$1,750	$2,100
Bronzeville, Chicago, IL	N/A	$1,700	$2,050	$2,200
Logan Square, Chicago, IL	$1,550	$1,650	$2,200	$2,296
Lakeview, Chicago, IL	$1,500	$1,850	$2,600	$2,310
South Loop, Chicago, IL	$1,650	$2,000	$2,800	$2,665
Near West Side, Chicago, IL	N/A	$2,400	$2,733	$2,750
The Loop, Chicago, IL	$1,825	$2,200	$3,000	$2,750
DePaul, Chicago, IL	$1,950	$2,496	$2,625	$2,775
West Town, Chicago, IL	$2,235	$2,480	$2,833	$2,900
Near North Side, Chicago, IL	$1,730	$2,275	$3,700	$2,950

Top Counties Near Edgewater

There are a total of 17 counties located by Edgewater, Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Proviso, IL. The average rent for rentals in these counties is $2,400. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Thornton, IL. It's average rent per month is $1,713. Vice versa, with an average rent of $3,000, Wheatland, Naperville, IL is the most expensive county by Edgewater, Chicago, IL.

In comparison, rent for one bedroom listings in Edgewater, Chicago, IL is 0.46% more expensive than other counties nearby. Finally, rent for two bedrooms in Edgewater, Chicago, IL is 5.63% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Downers Grove, IL	N/A	$1,850	$2,060	$2,078
Chicago, IL	$1,375	$1,800	$2,200	$2,100
Proviso, IL	$1,195	$1,400	$1,700	$2,200
Schaumburg, IL	N/A	$2,131	$2,099	$2,201
Milton, IL	N/A	$1,928	$2,271	$2,271
Maine, IL	N/A	$1,500	$2,300	$2,400
Leyden, IL	N/A	$1,350	$2,400	$2,400
Niles, IL	N/A	$1,400	$2,300	$2,500
Oak Park, IL	N/A	$1,750	$2,625	$2,650
Evanston, IL	$2,306	$2,250	$2,795	$2,795

Top Zipcodes Near Edgewater

There are a total of 4 zipcodes in or near Edgewater, Chicago, IL. The average rent for all of these zipcodes is $2,000.

The following chart includes the top 4 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
60625, Chicago, IL	$1,300	$1,543	$1,873	$2,000
60618, Chicago, IL	$1,600	$1,700	$1,975	$2,000
60641, Chicago, IL	$1,100	$1,300	$1,750	$1,900
60615, Chicago, IL	$1,250	$1,513	$1,967	$2,300

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 $1,800. 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 $1,298 and an average price per square feet of $3.51. There are a total of 38 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 $1,648 and an average price per square feet of $2.29. There are a total of 92 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 $2,150 and an average price per square feet of $2.42. There are a total of 77 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 0.15%, one bedroom rental prices have changed by 0.25%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by 0.05% year-over-year.

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

A reasonable rent price in Edgewater, Chicago, IL is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.