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 $2,900 for a 3-bedroom rental. The median price of all currently available listings is $1,800, or roughly $3 per square feet.

For the apartment units and housing in December 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $148 (13.40%) year-over-year from $1,102 to $1,250. 1-bedroom rentals prices have increased by $233 (17.72%) year-over-year from $1,317 to $1,550. 2-bedroom rentals prices have decreased by $28 (-1.26%) year-over-year from $2,228 to $2,200. 3-bedroom rentals prices have increased by $334 (13.02%) year-over-year from $2,566 to $2,900. 4-bedroom rentals prices have increased by $607 (19.30%) year-over-year from $3,143 to $3,750. 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 6.01% this month. 1-bedroom rents have gone down by 0.53% this month. 2-bedroom rents have gone up by 5.81% this month. 3-bedroom rents have gone up by 1.78% this month. 4-bedroom rents have gone up by 13.69% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.44	$1,250	$1,102 (13.40%)	$1,007 (24.17%)
1 BR	$2.53	$1,550	$1,317 (17.72%)	$1,293 (19.85%)
2 BR	$2.39	$2,200	$2,228 (-1.26%)	$1,717 (28.16%)
3 BR	$1.87	$2,900	$2,566 (13.02%)	$2,233 (29.85%)

Historical Rents in Edgewater, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Edgewater

There are a total of 7 cities nearby Edgewater. The average rent in Edgewater is currently $2,400 per month. Our records show that Chicago, IL, with an average rent of $2,175, 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 $2,730 per month.

Let's compare Edgewater, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 10.99% more affordable. Two bedrooms in Edgewater, Chicago, IL are about 6.94% more affordable. Finally, rent for three bedrooms are about 2.59% more expensive. Want more information? Check out the top 7 cities near Edgewater, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,395	$1,895	$2,250	$2,175
Schaumburg, IL	N/A	$2,186	$2,350	$2,253
Wheaton, IL	N/A	$1,859	$2,699	$2,271
Aurora, IL	N/A	$1,523	$2,275	$2,400
Naperville, IL	N/A	$1,490	$2,250	$2,560
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

Top Neighborhoods Near Edgewater

There are a total of 15 neighborhoods in or near Edgewater. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 15 neighborhoods in or near Edgewater, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near Edgewater, Chicago, IL is currently around $2,227 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only twelve neighborhoods have a higher average rent than $2,227. 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 $1,250 per month. Whereas, at $3,100 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	$1,018	$1,175	$1,238	$1,250
Uptown, Chicago, IL	$1,198	$1,650	$2,233	$1,650
Rogers Park, Chicago, IL	$1,200	$1,525	$1,900	$1,650
Humboldt Park, Chicago, IL	N/A	$2,150	$1,600	$1,900
Pilsen, Chicago, IL	N/A	$1,450	$1,595	$2,100
West Rogers Park, Chicago, IL	N/A	$1,675	$1,925	$2,200
Woodlawn, Chicago, IL	N/A	$1,700	$1,675	$2,200
Bronzeville, Chicago, IL	N/A	$1,900	$2,200	$2,227
Logan Square, Chicago, IL	$1,600	$2,100	$2,150	$2,295
Lakeview, Chicago, IL	$1,594	$1,900	$2,798	$2,450
South Loop, Chicago, IL	$1,775	$2,200	$2,900	$2,700
Near West Side, Chicago, IL	N/A	$2,423	$2,900	$2,750
West Town, Chicago, IL	$2,413	$2,600	$2,842	$2,863
Near North Side, Chicago, IL	$1,785	$2,400	$3,795	$2,900
The Loop, Chicago, IL	$2,000	$2,300	$3,200	$3,100

Top Counties Near Edgewater

There are a total of 15 counties located by Edgewater, Chicago, IL. Some of these counties include Chicago, IL, Downers Grove, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,450. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,165. Vice versa, with an average rent of $2,730, Evanston, IL is the most expensive county by Edgewater, Chicago, IL.

In comparison, rent for one bedroom listings in Edgewater, Chicago, IL is 10.99% more affordable than other counties nearby. Finally, rent for two bedrooms in Edgewater, Chicago, IL is 4.66% more affordable than other counties nearby. We've listed the top 9 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,395	$1,887	$2,250	$2,165
Downers Grove, IL	N/A	$1,850	$2,210	$2,208
Schaumburg, IL	N/A	$2,127	$2,195	$2,250
Milton, IL	N/A	$1,859	$2,300	$2,260
Naperville, IL	N/A	N/A	$2,300	$2,450
Libertyville, IL	N/A	$1,966	$2,300	$2,500
Leyden, IL	N/A	$1,450	$2,550	$2,550
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

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 $2,049.

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	$1,548	$1,338	$2,050	$2,125
60618, Chicago, IL	$1,695	$1,700	$1,995	$2,000
60641, Chicago, IL	$948	$1,450	$1,750	$2,000
60615, Chicago, IL	$1,250	$1,460	$1,910	$2,098

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 $1,325 and an average price per square feet of $3.44. There are a total of 45 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 $1,675 and an average price per square feet of $2.53. There are a total of 87 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 $2,198 and an average price per square feet of $2.39. There are a total of 60 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 0.13%, one bedroom rental prices have changed by 0.18%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.13% 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.