Cheap Apartments for Rent in the Central Chicago Neighborhood of Chicago, IL from $800 (106 Rentals) Page 2 of 3

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Search the lowest-cost Apartments available for rent right now in the Central Chicago area of Chicago.

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1001 South State
$2,264 - $7,507
Total Monthly Price

Total Monthly Price

Base Rent
$2,129 - $7,372
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

1001 South State

1001 S State StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Marquee at Block 37
$2,269 - $6,857
Total Monthly Price

Total Monthly Price

Base Rent
$2,134 - $6,722
Required Monthly Fees
$135

Total Monthly Price
$2,269 - $6,857
Studio to 3 Bedroom Apartments Available Now

Marquee at Block 37

25 W Randolph StChicago, IL 60601
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1400 S Michigan Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

Studio, 1 Bath Condo for Rent

Available Apr 11

1400 S Michigan Ave, Unit 27G

1400 S Michigan Ave
ChicagoIL60605
property at 161 W Harrison St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

161 W Harrison St, Unit 504

161 W Harrison St
ChicagoIL60605

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 733 S Wells St

$2,300 - $3,780

Total Monthly Price

Total Monthly Price

Base Rent
$2,300 - $3,780

Total Monthly Price
$2,300 - $3,780

Studio To 2 Bedroom Condos for Rent

Available Now

733 S Wells St

ChicagoIL60607
property at 22 N State St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

22 N State St, Unit 43c

22 N State St
ChicagoIL60602
property at 1133 S State St

$2,300 - $2,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,300 - $2,650

Total Monthly Price
$2,300 - $2,650

1 Bedroom, 1.5 Bath Condo for Rent

Available Now

1133 S State St

ChicagoIL60605
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AMLI Lofts
$2,330 - $5,417
Total Monthly Price

Total Monthly Price

Base Rent
$2,185 - $5,272
Required Monthly Fees
$145

Total Monthly Price
$2,330 - $5,417
Studio to 2 Bedroom Apartments Available Now

AMLI Lofts

850 S Clark StChicago, IL 60605
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1160 S Michigan Ave

$2,330

Total Monthly Price

Total Monthly Price

Base Rent
$2,330

Total Monthly Price
$2,330

1 Bedroom, 1 Bath Condo for Rent

Available Now

1160 S Michigan Ave, Unit 2901

1160 S Michigan Ave
ChicagoIL60605

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 1717 S Prairie Ave

$2,350

Total Monthly Price

Total Monthly Price

Base Rent
$2,350

Total Monthly Price
$2,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

1717 S Prairie Ave, Unit 1307

1717 S Prairie Ave
ChicagoIL60616
property at 1305 S Michigan Ave

$2,395 - $2,995

Total Monthly Price

Total Monthly Price

Base Rent
$2,395 - $2,995

Total Monthly Price
$2,395 - $2,995

1 To 2 Bedroom Condos for Rent

Available Now

1305 S Michigan Ave

ChicagoIL60605
property at 1111 S Wabash Ave

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

1 Bedroom, 1 Bath Condo for Rent

Available Now

1111 S Wabash Ave, Unit 1605

1111 S Wabash Ave
ChicagoIL60605
property at 705 S Clark St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

1 Bedroom, 1 Bath Condo for Rent

Available Now

705 S Clark St, Unit 44G

705 S Clark St
ChicagoIL60605
property at 630 S Clark St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

Studio, 1 Bath Condo for Rent

Available Now

630 S Clark St, Unit 3711

630 S Clark St
ChicagoIL60605
property at 1400 S Michigan Ave

$2,400 - $3,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,400 - $3,500

Total Monthly Price
$2,400 - $3,500

1 To 2 Bedroom Condos for Rent

Available Now

1400 S Michigan Ave

ChicagoIL60605

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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525 S. Dearborn St.
Studio to 2 Bedroom Apartments

525 S. Dearborn St.

525-537 S Dearborn StChicago, IL 60605
  • Utilities Included
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2001 S State St
2 to 3 Bedroom Apartments

2001 S State St

2001 S State StChicago, IL 60616
  • Utilities Included
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ELEVEN THIRTY
Studio to 2 Bedroom Apartments

ELEVEN THIRTY

1130 S Michigan AveChicago, IL 60605
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180 W. Adams
Studio to 1 Bedroom Apartments

180 W. Adams

180 W Adams StChicago, IL 60603
Corporate Housing
property at 1255 S State St

$1,800 - $2,750

Studio To 2 Bedroom Rentals

Available Now

1255 S State St

ChicagoIL60605
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215 W Washington
Studio to 3 Bedroom Apartments

215 W Washington

212-220 W Washington StChicago, IL 60606
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AMLI 900
Studio to 3 Bedroom Apartments

AMLI 900

900 S Clark StChicago, IL 60605
property at 801 S Plymouth Ct

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

1 Bedroom, 1 Bath Condo for Rent

Available Now

801 S Plymouth Ct

ChicagoIL60605
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Terminals Building
Studio to 2 Bedroom Apartments

Terminals Building

537 S Dearborn StChicago, IL 60605
property at 40 E 9th St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 2 Bath Condo for Rent

Available Now

40 E 9th St

ChicagoIL60605

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 $2,055.

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 $4,095.

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 39 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 $879 which is $3,216 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

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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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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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

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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.