
Cheap Apartments for Rent in the Central Chicago Neighborhood of Chicago, IL from $949 (139 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in the Central Chicago area of Chicago.


1265 S Michigan Ave

Total Monthly Price
30 E Roosevelt Rd, Unit SI FL8-ID802

156 W Roosevelt Rd

1335 S Wabash Ave

1461 S State St

1305 S Michigan Ave

1111 S Wabash Ave, Unit 1605

1111 S Wabash Ave, Unit 23D
Cash 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.

1400 S Michigan Ave, Unit 1807

212 E Cullerton St, Unit 410

525 S. Dearborn St.

1251 S Michigan - Senior Living

1828 S Wentworth Ave

180 W. Adams

899 S Plymouth Ct, Unit 1602

732 S Financial Pl

40 E 9th St
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680 S Federal St

235 W Van Buren St

215 W Washington

1464 S Michigan Ave

1220 S Michigan Ave

Terminals Building

547 S Clark St

1307 S Wabash Ave

701 S Wells St
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.

1345 S Wabash Ave

331 S Wells St

Carriage House Lofts

AMLI 900

851 S Clark St

1801 S Michigan Ave

SKY55

1407 S State St

ONE333
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.

212 E Cullerton St

1515 S Prairie Ave

1400 S Michigan Ave
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 | $2,563 | $1,700 | $6,532 |
| Central Chicago 1 Bedroom Apartments | $2,948 | $1,750 | $9,075 |
| Central Chicago 2 Bedroom Apartments | $3,965 | $1,819 | $10,000+ |
| Central Chicago 3 Bedroom Apartments | $5,390 | $1,411 | $10,000+ |
| Central Chicago 4 Bedroom Apartments | $2,718 | $1,025 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 139 rentals with your search options within a 2 mile radius of the Central Chicago Neighborhood of Chicago, IL.
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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 $2,230.
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 $2,750.
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 46 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 $376 which is $2,374 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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When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.