
Cheap Apartments for Rent in the Central Chicago Neighborhood of Chicago, IL from $800 (106 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Central Chicago area of Chicago.


680 S Federal St, Unit Apt 808

30 E Roosevelt Rd

Total Monthly Price
1001 South State

Total Monthly Price
Marquee at Block 37

1304 S Michigan Ave

NEMA Chicago

1400 S Michigan Ave, Unit 27G

161 W Harrison St, Unit 504

41 W Polk St
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.

733 S Wells St

22 N State St, Unit 43c

1133 S State St

1461 S State St

1000 South Clark

1407 S Michigan Ave

Total Monthly Price
AMLI Lofts

1160 S Michigan Ave, Unit 2901

1407 S Michigan Ave

The Reed
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.

1717 S Prairie Ave, Unit 1307

998 S State St

30 E Roosevelt Rd

30 E Roosevelt Rd

1305 S Michigan Ave

1111 S Wabash Ave, Unit 1605

705 S Clark St, Unit 44G

630 S Clark St, Unit 3711

1350 S Wabash Ave

1400 S Michigan Ave
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

525 S. Dearborn St.

1251 S Michigan - Senior Living

2001 S State St

ELEVEN THIRTY

1620 S Michigan Ave

30 E Roosevelt Rd

180 W. Adams

899 S Plymouth Ct

431 S Dearborn St

1305 S Michigan Ave

1255 S State St

28 E Adams St

215 W Washington

AMLI 900

801 S Plymouth Ct

801 S Plymouth Ct

Carriage House Lofts

Terminals Building

20 N State St

40 E 9th St
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 | $2,336 | $1,595 | $6,715 |
| Central Chicago 1 Bedroom Apartments | $2,815 | $1,750 | $7,172 |
| Central Chicago 2 Bedroom Apartments | $3,649 | $849 | $10,000+ |
| Central Chicago 3 Bedroom Apartments | $4,567 | $999 | $10,000+ |
| Central Chicago 4 Bedroom Apartments | $2,096 | $879 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 106 rentals with your search options within a 2 mile radius of the Central Chicago Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
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

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.