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Apartments in Edgewater Under $5,000

60 apartments available in Edgewater under $5,000. Median rent $1,911. Live prices updated every few hours from the property's own leasing systems.

About Edgewater: North lakefront neighborhood with vintage co-op buildings, parks, and a thriving restaurant strip on Bryn Mawr (Edgewater Beach + the Bryn Mawr historic district).

Available

Buildings

$1,911

Median rent

$1,277

Cheapest

Available now (30 of 60)

See all 60 matching apartments →

Top buildings for this search

Sheridan Tower18 units · $1,568–$2,420
The Edison17 units · $1,277–$1,895
Beachside9 units · $1,730–$3,015
The Bryn8 units · $1,739–$3,276
The Windale5 units · $1,780–$2,127
The Heron3 units · $1,850–$2,850

Frequently asked

What's the cheapest in Edgewater under $5,000 right now?

The Edison #214 at $1,277/month, 300 square feet. Located at 5200 N Sheridan Rd.

How many apartments are available in Edgewater under $5,000?

60 apartments are currently listed across 6 buildings in Edgewater under $5,000. Median rent is $1,911.

Which buildings in Edgewater offer apartments?

Top buildings by current inventory: Sheridan Tower, The Edison, Beachside, The Bryn, The Windale.

Is $5,000 a realistic budget for in Edgewater?

Yes. The median rent at this size in Edgewater is $1,911, so a $5,000 ceiling sits $3,089 above the median and gives you 60 options.

Compare Edgewater to nearby neighborhoods

River North

717 units · median $3,112

West Loop

693 units · median $2,867

South Loop

653 units · median $2,800

Streeterville

402 units · median $3,273

Gold Coast

379 units · median $2,565

More in Edgewater

Updated July 27, 2026 at 12:47 AM CDT. Prices, availability, and amenities are pulled from each property's own leasing system and refreshed every few hours. No paid placement.