Apartments for Rent in Edgewater, Chicago, IL

Edgewater, Chicago apartment availability

Edgewater's rental market offers a very strong selection of listings, with an average of 890 rentals available each month in 2024. The neighborhood's inventory is diverse, with a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Studios and 1-bedroom apartments are the most prevalent, making up a significant portion of the neighborhood's listings. Many Edgewater apartments cater to pet owners, with over 54% of rentals allowing pets, including small pets. This makes Edgewater an attractive option for renters with furry friends. With its varied housing stock and pet-friendly amenities, Edgewater is a popular choice for Chicago renters.

Edgewater, Chicago rental market trends

Edgewater, Chicago's rental market experienced a 6.37% year-over-year increase in average rent prices, reaching $1,629.57 per month in 2024. The most significant growth was seen in 1-bedroom units, with a 9.84% increase to $1,554.85 per month. Studios followed closely, with an 8.20% rise to $1,185.65 per month. In contrast, 2-bedroom and 3-bedroom units saw more modest increases of 4.23% and 4.58%, respectively.

The most expensive month to rent in Edgewater is April, with prices 7.36% higher than in January, the least expensive month. This trend suggests that renters looking for a more affordable option should consider searching during the winter months. Overall, Edgewater's rental market is experiencing steady growth, with the highest demand and prices in the spring.

Why Edgewater, Chicago is a great place to live

Edgewater stands out as a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, Edgewater's focus on eco-friendliness is reflected in its use of non-toxic paint, waste recycling and composting programs, rainwater harvesting, and community solar projects. The neighborhood's walk score and access to parks and recreation areas further support a green lifestyle. Edgewater is also an ideal spot for social butterflies, with a high transit frequency, safe streets, and a diverse neighborhood age distribution, making it easy to get around and connect with others. Overall, Edgewater offers a unique blend of sustainability and social opportunities, making it an attractive option for like-minded renters.