Edgewater renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Edgewater is about $2,023 per month. This puts it in the 88th percentile compared to the state average cost of rent, which is $1,646. Households in Edgewater have a median income of $10,497 per month so the average renter in Edgewater is spending roughly 19% of their earnings on housing.
Nationally, and in Edgewater, home values are the data point most closely correlated with the cost of rent. The median price of a home in Edgewater is $469,314 right now, which is lower than nearby cities, meaning that rents in Edgewater also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Edgewater while lower rent rates are often available in northwestern areas.
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