close
View Me
$1,3201 Bedroom Apartments Available Feb 24
330 S Wells St
330 S Wells StChicago, IL 60606
Cheap Apartments for Rent in the Central Chicago Neighborhood of Chicago, IL from $900 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Chicago area of Chicago.
close
View Me
$1,3301 Bedroom Apartment Available Feb 24
330 S Wells St, Unit FL13-ID200
330 S Wells StChicago, IL 60606
close
View Me
$1,469 - $6,334Studio to 4 Bedroom Apartments Available Now
Straits Row
633 S La Salle StChicago, IL 60605
close
View Me
$1,5401 Bedroom Apartments Available Mar 4
30 E Roosevelt Rd
30 E Roosevelt RdChicago, IL 60605
close
View Me
$1,625 - $2,499Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
close
View Me
$1,650 - $3,295
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,500 - $3,145
Required Monthly Fees
$150
Total Monthly Price
$1,650 - $3,295
Pittsfield Apartments
55 E Washington StChicago, IL 60602
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
$1,720Studio Apartments Available Feb 27
201 N Garland Ct
201 N Garland CtChicago, IL 60601
close
View Me
$1,7301 Bedroom Apartments Available Mar 25
1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
close
View Me
$1,750 - $1,850
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,690 - $1,790
Required Monthly Fees
$60
Total Monthly Price
$1,750 - $1,850
30 East Roosevelt
30 E Roosevelt RdChicago, IL 60605
close
View Me
$1,755 - $3,670Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
780 S Federal St
ChicagoIL60605
close
View Me
$1,8501 Bedroom Apartments Available Mar 4
201 N Garland Ct
201 N Garland CtChicago, IL 60601
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
201 N Garland Ct
ChicagoIL60601
close
View Me
$1,860Studio Apartments Available Nov 16
1000 S Michigan Ave
1000 S Michigan AveChicago, IL 60605
close
View Me
$1,8801 Bedroom Apartments Available Mar 29
1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
close
View Me
$1,8801 Bedroom Apartments Available Mar 5
201 N Garland Ct
201 N Garland CtChicago, IL 60601
close
View Me
Studio to 2 Bedroom Apartments
525 S. Dearborn St.
525-537 S Dearborn StChicago, IL 60605
close
View Me
Studio to 1 Bedroom Apartments
1251 S Michigan - Senior Living
1251 S Michigan AveChicago, IL 60605
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
close
View Me
2 to 3 Bedroom Apartments
2001 S State St
2001 S State StChicago, IL 60616
close
View Me
Studio to 1 Bedroom Apartments
180 W. Adams
180 W Adams StChicago, IL 60603
Showing Results 1-20, Page 1 of 1
Central Chicago, Chicago, IL Local Guide
How much does it cost to rent an apartment in Central Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Chicago Studio Apartments | $2,352 | $1,650 | $5,147 |
| Central Chicago 1 Bedroom Apartments | $2,880 | $1,320 | $6,609 |
| Central Chicago 2 Bedroom Apartments | $3,740 | $1,359 | $9,461 |
| Central Chicago 3 Bedroom Apartments | $5,032 | $1,359 | $10,000+ |
| Central Chicago 4 Bedroom Apartments | $3,904 | $1,359 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Central Chicago Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Central Chicago, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Central Chicago Apartments for Rent
The cheapest available apartment rental in the Central Chicago area of Chicago, IL is a Studio unit found at 820 Michigan by 3L Living priced from $1,689. 30 East Roosevelt has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,750. Here are the most affordable Central Chicago apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,689 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
| Park Michigan - 1212 S Michigan Ave | Studio 1ba 03 | Studio,1BA | $1,919 |
| 1407 on Michigan | S7 | Studio,1BA | $1,942 |
| Coeval | S1.L | Studio,1BA | $1,955 |
Best Value Apartments for Rent in Central Chicago, IL
As of February 24, 2026 the best value apartment in the Central Chicago area is the $2.25 price per square foot 3 BED 2 BATH Model at Carriage House Lofts in the in the Near South Side neighborhood starting from $3,346. The second greatest value Central Chicago apartment is the 4 BEDROOM/4 BATHROOM - D Model at 30 East starting at $1,730 with a $1.24 price per square foot in the South Loop neighborhood. Here is today’s list of the best values for Central Chicago apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carriage House Lofts | 3 BED 2 BATH | 3BR,2BA | $2.25 |
| 30 East | 4 BEDROOM/4 BATHROOM - D | 4BR,4BA | $1.24 |
| 1464 S MICHIGAN | 1464 S MICHIGAN | 2BR,2BA | $2.50 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.25 |
| 680 S Federal St, Unit Apt 808 | 680 S Federal St | 1BR,1BA | $2.25 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $2.72 |
| Wells Place Apartments | 1 Bed 1 Bath A4 | 1BR,1BA | $2.88 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| Fisher Building Apartments | A7 | 1BR,1BA | $2.93 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.03 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Central Chicago area?
If you’re an expert on all things Central Chicago, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleCentral Chicago, Chicago, IL
Ranked #27
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Central Chicago Apartments
What is a cheap apartment in Central Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Chicago is under $2,120.
What is the price of a cheap apartment in Central Chicago?
The cheapest apartment in Central Chicago is 30 East Roosevelt which is listed at $1,750, while the average apartment in Central Chicago costs $5,485.
What types of apartments are the cheapest in Central Chicago?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 33 regular apartments in Central Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Central Chicago?
Cheap apartments in Central Chicago have an average cost of $634 which is $4,851 cheaper than the average rent for all rentals in Central Chicago.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.