Find Your Perfect Studio in Edgewater: Chicago's Lakefront Gem

Studio apartments Edgewater Chicago offer an ideal balance of affordability and lakefront luxury on Chicago's Far North Side. Here's what you need to know about Edgewater studios:

  • Price Range: $893-$1,250 per month
  • Average Size: 300-400 square feet
  • Key Amenities: Many include heat, cooking gas, and high-speed internet
  • Transportation: Easy access to Red Line stations (Bryn Mawr, Berwyn, Thorndale)
  • Location Perks: Walking distance to Lake Michigan beaches and Lakefront Trail

Nestled along Lake Michigan's shoreline about 7 miles north of downtown, Edgewater combines historic charm with modern convenience. The neighborhood's studio apartments have become increasingly popular among young professionals, students attending nearby Loyola University, and anyone seeking an affordable entry point to lakefront living.

"The vintage 5516 N Kenmore apartments are ideally situated in the heart of the Edgewater community," notes one property listing, highlighting what makes this area special – proximity to both urban amenities and natural beauty.

Edgewater studios typically feature hardwood floors, good natural light, and in many vintage buildings, surprising architectural details that add character. The neighborhood itself offers an impressive Walk Score® of 90, meaning daily errands rarely require a car.

What sets Edgewater apart from other lakefront neighborhoods is its relative affordability. Studios here typically rent for hundreds less per month than comparable units in Lakeview or Lincoln Park, while still providing the same easy access to beaches, dining, and public transportation.

Infographic showing Edgewater studio apartment details including average rent ($1,200-$1,500), size range (300-400 sq ft), typical amenities (heat included, laundry facilities, secured entry), and transportation options (Red Line, 147 Express bus, Lakefront Trail) - studio apartments edgewater chicago infographic

Budget & Size Snapshot: What Does a Studio Cost in Edgewater?

Curious about what your dollar gets you in this lakefront neighborhood? Studio apartments Edgewater Chicago offer an impressive bang for your buck compared to other lakefront communities in the city.

Most Edgewater studios rent between $893 and $1,250 monthly, representing a genuine value opportunity for anyone wanting lakefront living without the premium price tag. When you compare these rates to similar studios in Lakeview or Lincoln Park (which often start at $1,300 and climb upwards of $1,600), the Edgewater advantage becomes crystal clear.

NeighborhoodStudio Avg. RentTypical SizeWalk Score
Edgewater$1,200-$1,500300-400 sq ft90
Lakeview$1,300-$1,600350-450 sq ft91
Lincoln Park$1,400-$1,700350-450 sq ft94

What makes Edgewater particularly special is the character you get with your rental dollar. Many studios here are housed in lovingly maintained vintage buildings with details you simply can't manufacture. As one resident at Winthrop Manor shared, "This beautifully maintained, 4-story vintage building has studio apartments with hardwood floors and walk-in closets that you just don't see in newer buildings."

We've seen at The Heron Apartments by Flats® how this winning combination of affordability and lakefront access makes Edgewater one of Chicago's hidden gems for studio hunters.

Average rent for studio apartments Edgewater Chicago

The sweet spot for a studio apartment in Edgewater Chicago typically falls between $1,200 and $1,500 monthly. This price point delivers something increasingly rare in city living: lakefront access at a reasonable rate.

Here's a pleasant surprise for your budget planning – many Edgewater buildings include heat and cooking gas in your monthly rent. During those infamous Chicago winters, this inclusion can save you hundreds of dollars. Buildings like Hollywood Beach Apartments highlight this perk, noting that "rent includes cooking gas, heat, water, and high-speed internet."

While other Chicago neighborhoods have experienced dramatic rent spikes, Edgewater studio prices have remained refreshingly stable year-over-year. This predictability makes the area perfect for residents looking to put down roots without worrying about sudden budget-busting increases.

Location nuances matter too. Studios in the charming Bryn Mawr Historic District, with its distinctive 1920s architecture, tend to command slightly higher rents due to their historic details and prime location near both the Red Line and Lake Michigan. For the budget-conscious, looking slightly west toward Ravenswood Avenue often reveals the neighborhood's best values.

Edgewater Chicago street view with vintage apartment buildings - studio apartments edgewater chicago

Typical square footage for studio apartments Edgewater Chicago

Studio apartments in Edgewater Chicago typically offer between 300 and 400 square feet of living space, though newer luxury buildings sometimes feature slightly more generous floor plans. While this might sound cozy, the thoughtful layouts in many Edgewater studios make brilliant use of every square inch.

At The Heron Apartments by Flats®, we've acceptd innovation with Ori Pocket Studio systems in select units. These remarkable space-saving solutions transform your living space throughout the day with just the touch of a button – your bedroom becomes a living room becomes a home office, all within the same footprint. More info about Ori Pocket Studio

Our residents have mastered the art of small-space living with clever strategies like wall-mounted TVs, under-bed storage for seasonal items, and multi-functional furniture pieces. Vertical storage solutions that maximize wall space have proven particularly effective in making compact spaces feel open and organized.

"Even though my studio is only about 350 square feet, the floor-to-ceiling windows make it feel much larger, and I've never felt cramped," shared a resident at The Bryn. This sentiment echoes throughout Edgewater, where abundant natural light and smart design create spaces that live larger than their square footage suggests.

The neighborhood's vintage buildings add another dimension to studio living with their unique architectural flourishes – bay windows that create natural reading nooks, built-in bookshelves that solve storage challenges, and decorative moldings that add personality to compact spaces. These character-filled details simply aren't found in cookie-cutter new construction.

Amenities & Utilities in Studio Apartments Edgewater Chicago

Looking for studio apartments Edgewater Chicago means finding a world where your rent dollar stretches further than you might expect. The neighborhood's buildings often pack impressive amenities that make compact living feel downright luxurious.

Here at The Heron Apartments by Flats®, our studio residents tell us they love extending their living space into our community areas. Our rooftop lounge offers those Instagram-worthy lake views that remind you why you chose lakefront living in the first place. When Chicago winters hit, residents appreciate retreating to our modern fitness center rather than trudging through snow to a gym across town.

What might surprise you about Edgewater studios is the thoughtfulness behind their community spaces. Many buildings have recognized that studio dwellers particularly value these shared amenities. The Bryn, for instance, has created work-from-home friendly spaces with dedicated booths, perfect for those days when your studio walls start closing in.

Most Edgewater buildings understand the essentials of urban living today. Secured entry systems keep you safe, dedicated package rooms protect your online shopping habit, and bike storage acknowledges Chicago's growing cycling culture. And yes, those laundry facilities matter—whether in-unit or well-maintained community rooms, nobody wants to drag laundry blocks away in February.

Modern studio apartment interior with space-saving furniture - studio apartments edgewater chicago

Pet policies for studio apartments Edgewater Chicago

Let's be honest—many of us consider our pets non-negotiable roommates, especially in a studio where they provide both companionship and entertainment. Thankfully, studio apartments in Edgewater Chicago largely accept this reality.

The neighborhood itself feels designed for pet parents. The Edgewater Dog Park offers a place for your pup to socialize, while the lakefront path provides that scenic daily walk that keeps both of you sane. On weekend mornings, you'll see the neighborhood come alive with residents and their four-legged companions heading toward the shoreline.

At The Heron Apartments by Flats®, we've created pet-friendly policies that acknowledge these furry family members. Most buildings in the area welcome cats without much fuss, while dog policies tend to vary more by building. Typically, you'll encounter weight or breed restrictions and pet deposits ranging from $200-$300, sometimes with a small monthly pet rent added.

"Having a dog-friendly apartment two blocks from the lake has been amazing for both me and my pup," shared one resident of The Bryn. "Our morning walks along the lakefront start every day on a positive note."

The neighborhood's walkability makes those inevitable late-night emergency trips for pet supplies or vet visits less stressful. And during patio season, many local coffee shops and restaurants welcome well-behaved dogs at their outdoor tables—another small perk of Edgewater living.

Are utilities included in most Edgewater studios?

One of the hidden perks of studio apartments in Edgewater Chicago is how many include utilities in the monthly rent. This is particularly true in the neighborhood's gorgeous vintage buildings, where radiator heat systems often mean heat comes included—a significant advantage during Chicago's legendary winters.

According to our research across neighborhood properties, these utilities frequently come bundled with your rent:

  • Heat (a budget-saver during winter months)
  • Cooking gas for your culinary trips 
  • Water service throughout your unit
  • High-speed internet in some newer buildings

As one Hollywood Beach Apartments resident put it, "Having heat included in my rent saved me from shocking bills during my first Chicago winter. It's a huge perk in a city known for brutal cold."

At The Heron Apartments by Flats®, we believe in transparency about what's included and what's not. Our leasing team can break down exactly which utilities you'll need to budget for separately and which come bundled with rent.

Buildings like 5747 N. Winthrop Avenue specifically advertise inclusive packages where "rent includes cooking gas, heat, water, and high-speed internet." These all-inclusive options provide peace of mind for residents who prefer predictable monthly expenses.

Electricity typically remains a separate bill in most buildings, and summer air conditioning costs can vary dramatically based on your unit's exposure and personal temperature preferences. Still, knowing that several major utilities come included helps make budgeting for studio living more manageable.

Statistics showing percentage of Edgewater studios that include different utilities in rent - studio apartments edgewater chicago infographic

Location, Lifestyle & Transit Access

The exceptional location of studio apartments Edgewater Chicago might just be their most compelling feature. This lakefront neighborhood delivers a perfect blend of natural beauty, urban convenience, and seamless transportation that's hard to match elsewhere in the city.

Edgewater stretches from Foster Avenue to Devon Avenue, with Ravenswood Avenue marking its western border and the sparkling waters of Lake Michigan defining its eastern edge. This prime position rewards residents with an enviable lifestyle:

Beach lovers rejoice at having both Kathy Osterman Beach and Foster Beach just steps away – perfect for morning walks or weekend sunbathing. The CTA Red Line serves the neighborhood beautifully with multiple stations (Bryn Mawr, Berwyn, and Thorndale) making downtown commutes a breeze. For those who prefer above-ground travel with lake views, the 147 Express bus glides down Sheridan Road offering a scenic route to the Loop.

The Chicago Lakefront Trail – an 18-mile path that's become the city's recreational backbone – runs right through Edgewater, giving cyclists, runners and walkers a car-free paradise along the shoreline. And with Loyola University just north of the neighborhood, there's always a youthful energy flowing through local cafes and shops.

"I sold my car after moving here," explains one resident of The Bryn. "Between the Red Line, express buses, and Divvy bikes, I can get anywhere in the city easily." The numbers back this up – Edgewater boasts impressive Walk Score® (90), Bike Score® (88), and Transit Score® (71) ratings, making car-free living not just possible but genuinely convenient.

Edgewater beach and lakefront path - studio apartments edgewater chicago

The Bryn Mawr Historic District adds architectural charm with its stunning early 20th-century buildings, while Broadway Avenue serves as the neighborhood's lively commercial backbone. Here you'll find everything from vintage clothing boutiques to artisanal coffee roasters within easy walking distance of most studios.

Food enthusiasts particularly love Edgewater's diverse dining scene. "If you're a foodie, Edgewater will feel like home," notes one neighborhood guide, highlighting the area's international restaurants serving Ethiopian, Thai, Italian and countless other cuisines.

At The Heron Apartments by Flats®, our central Edgewater location puts all these neighborhood perks within easy reach. Our studio residents love having the perfect home base for exploring this vibrant community – whether it's shopping at the Edgewater Farmers Market, treasure-hunting at vintage shops along Broadway, or joining neighbors at annual events like EdgeFest.

The neighborhood successfully blends small-town friendliness with big-city diversity and energy. As one real estate expert puts it, "Edgewater combines affordability with lakefront high-rise living that rivals pricier neighborhoods" – perfectly capturing why so many studio apartment hunters are drawn to this lakefront gem.

For families considering the area, Edgewater is served by several well-regarded schools, with detailed information available at GreatSchools.org. To learn more about everything our neighborhood has to offer, visit our Neighborhood page for an in-depth look at local attractions, dining options, and community resources.

How to Apply, Deals & Move-In Tips

Ready to call an Edgewater Chicago studio apartment home? The application process is straightforward, and with a bit of insider knowledge, you might even score a great deal on your new place.

Most Edgewater property managers have acceptd online applications, making it easy to apply from anywhere. You'll typically pay around $45 as an application fee, which covers your credit and background check. Property managers usually look for income that's 2.5-3 times your monthly rent, and you'll generally hear back within 1-3 business days.

At The Heron Apartments by Flats®, we've made finding your perfect studio as smooth as possible. Our online system guides you through each step, and our leasing team is always available to answer questions or offer assistance along the way.

"The application process was so much easier than I expected," shared a recent Heron resident. "I applied on a Tuesday evening and had my approval by Thursday morning."

Keep your eyes peeled for move-in specials, which are particularly common in newer buildings throughout Edgewater. These deals can significantly reduce your initial costs or even your long-term rent. The most common promotions include 4-6 weeks of free rent on a year-long lease, reduced move-in fees, or complimentary upgrades to premium amenities.

Many Edgewater buildings now offer "security deposit alternatives" as well. Instead of tying up thousands in a traditional security deposit, you might pay a much smaller, non-refundable fee. This approach keeps more money in your pocket during the expensive moving process.

Modern studio apartment kitchen and living area - studio apartments edgewater chicago

Parking Options in Edgewater

While Edgewater's excellent public transit makes car-free living entirely possible, many residents still need parking solutions. Your options vary widely across the neighborhood:

Street parking is free but often challenging, especially after work hours and during snowy Chicago winters. Many streets have residential permit zones, which require an annual city sticker (typically very affordable) but offer better availability for residents.

Garage parking provides the ultimate convenience and security, with monthly rates typically between $110-$195. Outdoor lot parking offers a middle ground, usually at a lower price point than covered spaces.

At The Heron Apartments by Flats®, we understand that some residents need reliable parking, even in our transit-friendly location. Our team can walk you through available options to find what works best for your lifestyle and budget.

Virtual and In-Person Tours

Today's rental market offers flexibility in how you tour potential homes. Virtual tours became the norm during the pandemic, and many buildings have kept this convenient option for busy professionals or out-of-town apartment hunters.

"I was relocating from Minneapolis and couldn't make the trip to Chicago before my move," one resident told us. "The virtual tour at The Heron was incredibly detailed, and when I arrived on move-in day, everything matched exactly what I'd seen online."

While virtual options are convenient, we still recommend an in-person visit whenever possible. There's simply no substitute for feeling the natural light, testing the water pressure, or getting a true sense of the building's atmosphere and community.

When touring studio apartments in Edgewater Chicago, pay special attention to:

Natural light – crucial for making compact spaces feel larger and more welcoming Storage solutions – look for clever built-ins, closet systems, and basement storage options Noise levels – visit at different times if possible to gauge both daytime and evening sound Building amenities – rooftop decks, fitness centers, and community spaces effectively extend your living area Neighborhood access – check how quickly you can reach transit, grocery stores, and your favorite activities

Ready to find your perfect Edgewater studio? Schedule a tour with our team today and find why so many Chicagoans are choosing this lakefront gem for their next home.

Conclusion

Finding the perfect studio apartment in Edgewater Chicago feels a bit like finding a hidden treasure – you get lakefront luxury without the eye-watering price tag that typically comes with it. Whether you're just starting your career, studying at nearby Loyola, or simply appreciate smart living in a vibrant community, Edgewater offers that rare sweet spot where affordability meets an enviable lifestyle.

What makes this neighborhood special isn't just what's inside your apartment – it's everything that surrounds it. From your morning jog along Lake Michigan to grabbing dinner at that cozy Ethiopian spot around the corner, Edgewater weaves together the best elements of city living with natural beauty right at your doorstep.

At The Heron Apartments by Flats®, we've seen how our residents fall in love with their studio spaces. Our innovative Ori Pocket Studio systems transform compact spaces into multi-functional homes that adapt to your daily needs. Step outside your door, and you'll find our rooftop lounge offering those postcard-worthy lake views that remind you why you chose Chicago in the first place.

"Having the lake as my front yard and the city's best international restaurants as my dining room" – that's how one happy resident described their Edgewater studio lifestyle. It's this balance that makes the neighborhood so appealing. You're connected to downtown via the Red Line, yet removed enough to enjoy a more relaxed pace when you want it.

The community feeling here is genuine too. Stroll through the Bryn Mawr Historic District with its beautiful early 20th-century architecture, shop at the weekend farmers market, or simply people-watch from one of the many local cafés – you'll quickly understand why Edgewater feels like a village within the big city.

We've designed The Heron to complement everything that makes this neighborhood special. Our pet-friendly policies acknowledge that four-legged family members deserve lake access too. Our amenities extend your living space well beyond your studio's walls. And our central location puts you within easy reach of everything that matters.

Ready to experience Edgewater studio living for yourself? We invite you to explore our available floorplans and find why so many Chicagoans are proud to call this lakefront gem home. Your perfect studio – and the lifestyle that comes with it – is waiting for you on Chicago's Far North Side.