Edgewater Market Trends

Edgewater is a lakefront community area on the North Side of the city of Chicago, Illinois seven miles north of the Loop. As one of Chicago's 77 official community areas, Edgewater is bounded by Foster Avenue on the south, Devon Avenue on the north, Ravenswood Avenue on the west, and Lake Michigan on the east. Edgewater contains several beaches that residents enjoy in the late spring, summer, and early autumn. Chicago's largest park, Lincoln Park, stretches south from Edgewater for seven miles along the waterfront, almost to downtown. Historically, Edgewater was the northeastern corner of Lake View Township, an independent suburb which was annexed by the city of Chicago in 1889. Today, the Uptown community is to Edgewater's south, Lincoln Square to its west, West Ridge to its northwest and Rogers Park to its north.
Edgewater was first developed around the 1880s as a summer home for Chicago's elite. Today, it provides the northern terminus of both Lincoln Park and Lake Shore Drive. With the exception of pockets acknowledged as historic districts, east-Edgewater boasts a skyline of high-rise apartment buildings, condominium complexes, and mid-rise homes. To the west, Edgewater is characterized by commercial businesses; single-family homes; and two-, three-, or four-story flats, including the historic neighborhood of Andersonville.

Currently, the average rents in this neighborhood are approximately:

Bedrooms Average Rent
Studios $912
1 bedroom $1,211
2 bedrooms $1,623
3 bedrooms $2,068
Listing Price Bed/Bath

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