Edgewater Cost of Living 2026: Chicago Rent, Red Line, Homes

Key takeaway: A one-bedroom in Edgewater rents for about $1,740 to $1,850 a month in fall 2026, two-bedrooms about $2,490 to $2,595, and the Red Line’s rebuilt Berwyn and Bryn Mawr stations reopened in July 2025.

Edgewater runs along the lake from Foster Avenue to Devon, with lakefront high-rises, vintage courtyard buildings and the Clark Street business district on its western side. That western section, Andersonville, has its own page; its figures appear in the rent table below for comparison. Its typical one-bedroom, about $1,847 a month, runs about $232 below the citywide typical of $2,079 (Zillow, September 2026), the 25th highest of the 92 areas in our neighborhood comparison.

Typical one-bedroom	$1,847 a month
Typical two-bedroom	$2,595 a month
Income for your own one-bedroom	About $73,880 a year
L lines	Red
Metra	None (Ravenswood nearby)
Part of the city	North Side

At a glance, October 2026. Rents are the figures used in the sample budget below; income is our calculation, rent times 40.

Edgewater cost of living: typical one-bedroom $1,847 and two-bedroom $2,595 a month, compared with $2,079 and $2,516 citywide — Typical rents in Edgewater compared with the citywide typical (Zillow, September 2026). Neighborhood figures are the ones in the table above; income is our calculation, rent times 40.

On this page: Rent · Getting around · Groceries · Parking · Taxes and home prices · New housing · Sample budget

Rent by apartment size

Unit	Edgewater, Zumper (avg., Oct 2026)	Edgewater, RentHop (median, Oct 2026)	Andersonville, RentHop (median, Oct 2026)	Andersonville, RentCafe (avg., Oct 2026)
Studio	$1,450	$1,407	$1,650	$1,464
1 bedroom	$1,847	$1,741	$2,150	$2,051
2 bedrooms	$2,595	$2,492	$2,400	n/a
3 bedrooms	$3,000	$3,425	$3,350	n/a

Source: Zumper Edgewater rent research, updated October 12, 2026; RentHop Edgewater; RentHop Andersonville; RentCafe Andersonville, updated October 1, 2026. Sources differ because they track different listings; see why rent reports disagree.

Getting around

L: Red Line at Berwyn, Bryn Mawr, Thorndale and Granville. From the City of Chicago’s list of L stops. Berwyn and Bryn Mawr reopened rebuilt with elevators on July 20, 2025 (WTTW).
Metra: no station inside Edgewater; Ravenswood to the southwest and Rogers Park to the north are both Zone 2 on the Union Pacific North Line, $3.75 one way (Metra fares). See Metra fares.
Buses: #36 Broadway, #151 Sheridan, #22 Clark (runs overnight through Andersonville), #92 Foster, #84 Peterson and #50 Damen.
Express buses: the #146 and #147 run on Lake Shore Drive toward downtown, plus the weekday rush hour #148 and #136.

A 30-day CTA pass is $75 (CTA).

Groceries nearby

Store	Address
Jewel-Osco Broadway and Foster	5343 N. Broadway
Jewel-Osco Clark and Bryn Mawr	5516 N. Clark St.
Mariano’s Edgewater	5201 N. Sheridan Rd.
Whole Foods Edgewater	6009 N. Broadway
ALDI	6221 N. Broadway
Target Rogers Park (just north)	6422 N. Sheridan Rd.

Source: each store’s own location page or locator, checked October 25, 2026. See our Chicago grocery guide.

Parking

If you will have a car, check your block with the City Clerk’s zone lookup before you sign a lease. Adding a residential permit zone to your City Sticker costs $25 to $35 a year, on top of the $105.18 passenger-car sticker; our parking guide covers guest passes, meters and garages.

Property taxes and home prices

Edgewater is in Lake View Township, which runs north to Devon (Lake View Township) and was last reassessed in 2024 (Cook County Assessor). The Assessor’s 2024 report put Edgewater median sale prices at $241,000 for a condo, $825,000 for a two-to-six-unit building and $925,000 for a single-family home (Cook County Assessor, 2024 Chicago report). Lakefront condos make Edgewater one of the lower-cost places to own near the lake. Citywide, the median Chicago homeowner bill for tax year 2025, mailed in August 2026, was $4,597, up 3.2% (Cook County Treasurer).

Two special service areas add a small levy on properties inside them. SSA 22 covers Clark Street in Andersonville from Ainslie to Victoria, with a 2025 rate of 0.36297% and a $266,000 levy (Andersonville Chamber). SSA 26 covers Broadway from about Foster to Devon at a current rate of 0.5274%, with a renewal planned for January 1, 2027 (Edgewater Chamber). For how bills are set and how to appeal, see our property tax guide.

New housing

The City Council approved funding on October 9, 2026 for 90 affordable apartments at 5853 N. Broadway, and 56 units are under construction at 1101 W. Berwyn Ave. (Urbanize Chicago).

Edgewater cost of living: a sample monthly budget

Setup	Rent	CTA pass	Income needed at 30% rent
Your own one-bedroom in Edgewater	$1,847	$75	$73,880
Your own one-bedroom in Andersonville	$2,051	$75	$82,040
Half of a two-bedroom in Edgewater	$1,298	$75	$51,920
Your own two-bedroom in Edgewater	$2,595	$75	$103,800

Source: our calculation from Zumper’s Edgewater averages and RentCafe’s Andersonville average (half of $2,595, rounded). Income needed is monthly rent times 12, divided by 0.30. See how much you need to make to live in Chicago for the rest of the budget, and Chicago move-in costs for what you’ll pay up front.

Compare every neighborhood side by side in our Chicago neighborhood cost comparison, or work out your own number with our salary calculator. More North Side neighborhood profiles: Andersonville, DePaul and Sheffield, Lakeview, Lakeview East and Northalsted, Lincoln Park, Lincoln Square, North Center, North Park, Ravenswood, Rogers Park, Roscoe Village, Uptown, West Ridge and Wrigleyville.

Costs that apply in every neighborhood: property tax bills, closing costs and condo fees, water, sewer and garbage fees, ComEd and Peoples Gas, CTA fares, parking, average salaries by job and our Chicago cost index.

Cost of living in Edgewater, Chicago (2026)