Average Rent in Edgewater, Chicago, IL

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Current Versus Historical Edgewater, Chicago, IL Rents

Edgewater rentals average $1,275 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,720, 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 $198 (7.32%) year-over-year from $2,702 to $2,900. 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 0.29% 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	$3.57	$1,275	$1,107 (15.21%)	$1,007 (26.66%)
1 BR	$2.37	$1,650	$1,317 (25.32%)	$1,321 (24.92%)
2 BR	$2.38	$2,100	$2,142 (-1.95%)	$1,725 (21.74%)
3 BR	$1.87	$2,900	$2,702 (7.32%)	$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 $2,455 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 $2,804 per month.

Let's compare Edgewater, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 33.39% more affordable. Two bedrooms in Edgewater, Chicago, IL are about 7.14% more affordable. Finally, rent for three bedrooms are about 0.69% more affordable. 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	$1,350	$1,800	$2,200	$2,100
Schaumburg, IL	N/A	$2,201	$2,250	$2,289
Aurora, IL	N/A	$1,400	$2,173	$2,300
Wheaton, IL	N/A	$1,950	$2,720	$2,455
Naperville, IL	N/A	$2,415	$2,250	$2,615
Oak Park, IL	N/A	$2,250	$2,650	$2,750
Evanston, IL	$1,853	$2,350	$2,925	$2,804

Top Neighborhoods Near Edgewater

There are a total of 19 neighborhoods in or near Edgewater. Some of these neighborhoods include South Shore, Rogers Park, and Uptown. We've included all of these top 19 neighborhoods in or near Edgewater, Chicago, IL in the following chart.

The average rent for these 19 neighborhoods in or near Edgewater, Chicago, IL is currently around $2,273 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only sixteen neighborhoods have a higher average rent than $2,273. Interestingly, the neighborhoods' average rent is higher than Edgewater's average rent, which is only $1,720. Out of all the neighborhoods in or near Edgewater, South Shore has the most affordable average rent at $1,550 per month. Whereas, at $2,950 average rent per month, Near West 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	$1,175	$1,375	$1,550
Rogers Park, Chicago, IL	$1,200	$1,535	$1,863	$1,650
Uptown, Chicago, IL	$1,200	$1,600	$2,350	$1,695
West Rogers Park, Chicago, IL	N/A	$1,500	$1,878	$1,860
Albany Park, Chicago, IL	N/A	$1,425	$1,950	$1,875
Ravenswood, Chicago, IL	$1,338	$1,675	$2,200	$2,100
Pilsen, Chicago, IL	$1,495	$1,450	$1,900	$2,100
Hyde Park, Chicago, IL	$1,200	$1,523	$1,975	$2,153
Humboldt Park, Chicago, IL	N/A	$1,963	$1,700	$2,163
Bronzeville, Chicago, IL	$1,325	$1,675	$1,992	$2,273
Logan Square, Chicago, IL	$1,395	$1,700	$2,200	$2,300
Lincoln Park, Chicago, IL	$1,585	$2,198	$3,650	$2,300
Lakeview, Chicago, IL	$1,445	$1,857	$2,600	$2,400
South Loop, Chicago, IL	$1,735	$2,000	$2,900	$2,650
The Loop, Chicago, IL	$1,900	$2,150	$3,000	$2,700
Bucktown, Chicago, IL	N/A	$1,836	$2,725	$2,713
Near North Side, Chicago, IL	$1,730	$2,300	$3,600	$2,800
West Town, Chicago, IL	$2,235	$2,243	$2,846	$2,950
Near West Side, Chicago, IL	N/A	$2,400	$2,875	$2,950

Top Counties Near Edgewater

There are a total of 19 counties located by Edgewater, Chicago, IL. Some of these counties include Proviso, IL, Downers Grove, IL, and Chicago, IL. The average rent for rentals in these counties is $2,550. That's roughly around $2 per sqft. The county that is the most affordable is Proviso, IL. It's average rent per month is $1,800. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Edgewater, Chicago, IL.

In comparison, rent for one bedroom listings in Edgewater, Chicago, IL is 10.50% more affordable than other counties nearby. Finally, rent for two bedrooms in Edgewater, Chicago, IL is 8.32% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Proviso, IL	$1,195	$1,375	$1,600	$1,800
Downers Grove, IL	N/A	$1,847	$2,050	$2,050
Chicago, IL	$1,350	$1,800	$2,200	$2,100
Schaumburg, IL	N/A	$2,131	$2,100	$2,250
Milton, IL	N/A	$1,950	$2,409	$2,364
Maine, IL	N/A	$1,400	$2,250	$2,600
Oak Park, IL	N/A	$2,250	$2,650	$2,750
Evanston, IL	$1,853	$2,350	$2,925	$2,804
York, IL	N/A	$1,935	$2,806	$2,850
Vernon, IL	N/A	N/A	$2,350	$3,200

Top Zipcodes Near Edgewater

There are a total of 5 zipcodes in or near Edgewater, Chicago, IL. The average rent for all of these zipcodes is $2,000.

The following chart includes the top 5 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	$1,400	$1,863	$2,000
60618, Chicago, IL	$1,625	$1,625	$2,000	$2,000
60641, Chicago, IL	$1,025	$1,300	$1,750	$1,900
60201, Evanston, IL	$2,306	$2,400	$3,475	$2,950
60615, Chicago, IL	$1,200	$1,499	$1,950	$2,150

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 $1,720. 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 $1,275 and an average price per square feet of $3.57. 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 $1,650 and an average price per square feet of $2.37. There are a total of 100 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 $2,100 and an average price per square feet of $2.38. There are a total of 73 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 0.07% year-over-year.

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

A reasonable rent price in Edgewater, Chicago, IL is around $1,376/month. You can search for these reasonably priced rental listings on RentHop.