Cheap and Affordable Apartments for Rent in Edgewater, Chicago, IL

405 rentals available

Updated

Edgewater Snapshot

Frequently asked questions

How many cheaper, more affordable apartments are available in Edgewater, IL?

There are 405 cheaper apartment units available for rent.

What does "Cheap" mean for Apartment rentals in Edgewater, IL?

Cheap is a relative term to communicate more "affordable" rental and living expenses. Although a property might be found within the "Cheap and Affordable Apartments" search, does not mean it is a low-quality rental. These more affordable apartments are also relative to the other apartment inventory within Edgewater. Some areas will be cheaper than others and based on demand, rent will fluctuate.

How to search for Cheap and Affordable Apartments in Edgewater, IL?

When searching on HotPads for more affordable apartments, use the "Sort:" feature to sort apartments by Lowest Price for Edgewater. Additionally, set a max price for your search and select "Save search" to be notified in real-time when "cheaper" apartments come on the market.

What are some additional tips for securing a "cheaper" apartment?

Although a larger multi-tenant building is less likely to negotiate rental terms there are a few things that don't hurt to try, including:

  • Offer to sign a longer lease for lowered monthly rent
  • Negotiate landscaping or property maintenance for lowered monthly rent
  • Ask about becoming an onsite property manager
  • Educate yourself regarding the apartment rental market and market rates in Edgewater. Knowing this will help you accurately negotiate fair rent.

About Edgewater

Thinking of moving to Edgewater? Here’s what you need to know.

Edgewater is a vibrant and fun lakefront community in Chicago, Illinois. Located seven miles north of the Chicago Loop, Edgewater is home to nearly 56,000 people, while Chicago’s population numbers more than 2,700,000 . Lake Michigan, to the east of Edgewater, makes this slice of Chicago a haven for beach lovers from late spring until early fall. But winters are usually harsh, with a good deal of snowfall.

Who’s There?

Edgewater is full of families and singles, eco-minded folks, and many unique, locally owned businesses. It’s also known for its large LGBT Q community. The area’s top industries include healthcare, hospitality and retail. Many residents who commute to Chicago do so for jobs in education, business and finance. Most  Edgewater residents land within the 20-34-year-old range, and 54 percent  of residents ages 25 and up have a bachelor’s degree or higher.  .

What’s Around Edgewater?

Edgewater is a community proud of its diversity, affordable rent, well-kept gardens and a neighborly, eco-conscious vibe. The city contains tight-knit neighborhoods, including the historic Scandinavian-influenced Andersonville, with its mix of gastro pubs, Middle-Eastern food and one of the biggest LGBT Q communities in the Chicago area. Edgewater has access to two beaches and borders the north end of Chicago’s biggest park, Lincoln Park. The Edgewater Glen area is known for its healthy share of single-family homes. Many Edgewater residents have a car, but don’t really need one due to a great public transit system. The Chicago Transit Authority (CTA) buses and trains take passengers to downtown Chicago. Other residents also carpool, ride bikes or walk. Many cherish Edgewater’s lakefront paths.

What Do You Do In Edgewater?  

Edgewater’s selection of global cuisine ranges from Ethiopian restaurants to Middle Eastern delis. Antique shopping is a popular pastime, especially in the historic Bryn Mar district, and outdoors lovers flock to Lincoln Park and Lake Michigan. The EdgeFest music festival brings international acts to the area every summer, while the Swedish St. Lucia Festival of Lights is a beloved local holiday tradition.