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$849 - $1,6862 to 4 Bedroom Apartments Available Aug 21
Dwight Lofts
642 S Clark StChicago, IL 60605
Cheap Apartments for Rent in the Central Chicago Neighborhood of Chicago, IL from $800 (101 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Chicago area of Chicago.
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$1,466 - $7,513Studio to 4 Bedroom Apartments Available Now
Straits Row
633 S La Salle StChicago, IL 60605
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$1,595 - $3,295Studio to 3 Bedroom Apartments Available May 1
Pittsfield Apartments
55 E Washington StChicago, IL 60602
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$1,625 - $2,699Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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$1,750 - $2,1001 to 2 Bedroom Apartments Available Now
30 East Roosevelt
30 E Roosevelt RdChicago, IL 60605
1194 S Michigan Ave
ChicagoIL60605
1255 S State St, Unit 15B, Unit 15B
1255 S State St
ChicagoIL60605
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$1,832 - $9,281Studio to 3 Bedroom Apartments Available Now
1407 on Michigan
1407 S Michigan AveChicago, IL 60605
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$1,879 - $3,424Studio to 2 Bedroom Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
8 W Monroe St, Unit 810, Unit 810
8 W Monroe St
ChicagoIL60603
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.
1120 S Michigan Ave, Unit 1404
1120 S Michigan Ave
ChicagoIL60605
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$1,930Studio Apartments Available Nov 16
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
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$1,936 - $5,212Studio to 2 Bedroom Apartments Available Now
Eleven40
1140 So Wabash AveChicago, IL 60605
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$1,940 - $3,225Studio to 2 Bedroom Apartments Available Now
The Alfred
30 E Adams StChicago, IL 60603
713 S Clark St
ChicagoIL60605
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$1,955 - $4,568
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$1,955 - $4,568
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Coeval
51 E 14th StChicago, IL 60605
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$1,959 - $3,3791 to 3 Bedroom Apartments Available Now
731 Plymouth by 3L Living
731 S Plymouth CtChicago, IL 60605
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$1,962 - $9,542Studio to 3 Bedroom Apartments Available Now
The Grand Central
221 W Harrison StChicago, IL 60607
635 S Clark St
ChicagoIL60605
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$1,980 - $3,670Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
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.
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$1,997 - $7,753Studio to 3 Bedroom Apartments Available Now
The Elle Apartments
801 S Financial PlChicago, IL 60605
1845 S Michigan Ave, Unit 01204, Unit 01204
1845 S Michigan Ave
ChicagoIL60616
1322 S Wabash Ave
ChicagoIL60605
130 N Garland Ct
ChicagoIL60602
11 E 9th St
ChicagoIL60605
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$2,030 - $3,035Studio to 2 Bedroom Apartments Available Now
777 South State
2 E 8th StChicago, IL 60605
801 S Wells St, Unit 819
801 S Wells St
ChicagoIL60607
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$2,039 - $3,599Studio to 2 Bedroom Apartments Available Now
Astoria Tower
8 E 9th StChicago, IL 60605
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$2,050 - $2,370Studio to 1 Bedroom Apartments Available Now
330 S. Wells St
330 S Wells StChicago, IL 60606
1395 S Wabash Ave
ChicagoIL60605
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.
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$2,054 - $5,528Studio to 4 Bedroom Apartments Available Now
River City Apartments
800 S Wells StChicago, IL 60607
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$2,058 - $7,568
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$2,058 - $7,568
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1400 Wabash
1400 S Wabash AveChicago, IL 60605
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$2,078 - $5,534Studio to 2 Bedroom Apartments Available Now
Millennium on LaSalle
29 S La Salle StChicago, IL 60603
208 W Washington St
ChicagoIL60606
208 W Washington St, Unit 1503
208 W Washington St
ChicagoIL60606
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$2,120 - $7,231
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$2,120 - $7,231
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Imprint
717 S Clark StChicago, IL 60605
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$2,140Studio Apartments Available May 12, 2028
343 S Dearborn St, Unit SI FL18-ID300
343 S Dearborn StChicago, IL 60604
733 S Wells St
ChicagoIL60607
20 N State St, Unit 1139, Unit 1139
20 N State St
ChicagoIL60602
235 W Van Buren St
ChicagoIL60607
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!
235 W Van Buren St
ChicagoIL60607
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$2,157 - $8,740
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$2,157 - $8,740
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Neveseno
1717 S Michigan AveChicago, IL 60616
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$2,158 - $11,660
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$2,158 - $11,660
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1401 S. State
1401 S State StChicago, IL 60605
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$2,161 - $6,600Studio to 3 Bedroom Apartments Available Now
215 West Apartments
215 W Washington StChicago, IL 60606
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$2,163 - $10,382Studio to 3 Bedroom Apartments Available Now
1000 South Clark
1000 S Clark St.Chicago, IL 60605
1235 S Indiana Ave
ChicagoIL60605
1720 S Michigan Ave, Unit #1516, Unit #1516
1720 S Michigan Ave
ChicagoIL60616
1720 S Michigan Ave
ChicagoIL60616
1398 S Wabash Ave
ChicagoIL60605
981 S State St
ChicagoIL60605
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $2,329 | $1,595 | $6,511 |
| Central Chicago 1 Bedroom Apartments | $2,812 | $1,750 | $9,725 |
| Central Chicago 2 Bedroom Apartments | $3,658 | $849 | $10,000+ |
| Central Chicago 3 Bedroom Apartments | $4,881 | $999 | $10,000+ |
| Central Chicago 4 Bedroom Apartments | $2,234 | $879 | $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 101 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
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- 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 $1,734. 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 | $1,734 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
| ELEVEN THIRTY | Tier 6/12 (Studio) | Studio,1BA | $1,754 |
| Park Michigan - 1212 S Michigan Ave | Studio 1ba 09 | Studio,1BA | $1,879 |
| The Alfred | B3 | Studio,1BA | $1,940 |
| 777 South State | One Bedroom | 1BR,1BA | $2,030 |
| Astoria Tower | Studio 08A | Studio,1BA | $2,039 |
| The Grand Central | GraW.S1 | Studio,1BA | $2,039 |
| 1407 on Michigan | S7 | Studio,1BA | $2,047 |
| Coeval | S2.L | Studio,1BA | $2,070 |
Best Value Apartments for Rent in Central Chicago, IL
As of April 10, 2026 the best value apartment in the Central Chicago area is the $3.05 price per square foot B1-R Model at 1401 S. State in the in the Near South Side neighborhood starting from $3,163. The second greatest value Central Chicago apartment is the 2 Bedroom East Model at 731 Plymouth by 3L Living starting at $2,199 with a $2.18 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. |
|---|---|---|---|
| 1401 S. State | B1-R | 2BR,2BA | $3.05 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.18 |
| 680 S Federal St, Unit Apt 808 | 680 S Federal St | 1BR,1BA | $2.25 |
| River City Apartments | 2 BR Standard | 2BR,2BA | $3.17 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $2.79 |
| Carriage House Lofts | 1 BED 1 BATH | 1BR,1BA | $2.40 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| Fisher Building Apartments | A7 | 1BR,1BA | $3.02 |
| 1619 S Michigan Ave | 1619 S Michigan Ave | 1BR,1BA | $3.63 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.03 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleBest 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
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Pet Friendly LifestyleCentral Chicago, Chicago, IL
Ranked #25
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 $2,070.
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 $4,035.
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 37 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 $889 which is $3,146 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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.