6 E Monroe St
ChicagoIL60603
Cheap Homes for Rent in the Central Chicago Neighborhood of Chicago, IL from $1,700 (101 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Chicago area of Chicago.
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$1,800
Total Monthly Price
Base Rent$1,800
Total Monthly Price$1,800
30 E Roosevelt Rd, Unit SI FL7-ID805
30 E Roosevelt RdChicago, IL 60605
1212 S Michigan Ave, Unit 903
1212 S Michigan Ave
ChicagoIL60605
1212 S Michigan Ave, Unit 809
1212 S Michigan Ave
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899 S Plymouth Ct
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680 S Federal St
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899 S Plymouth Ct, Unit 1602
899 S Plymouth Ct
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711 S Clark St
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1212 S Michigan Ave, Unit 605
1212 S Michigan Ave
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1212 S Michigan Ave, Unit 1507
1212 S Michigan Ave
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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
1224 S Michigan Ave
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1212 S Michigan Ave, Unit 1205
1212 S Michigan Ave
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732 S Financial Pl
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1213 S Michigan Ave
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1218 S Michigan Ave
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40 E 9th St
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801 S Plymouth Ct, Unit 319
801 S Plymouth Ct
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130 N Garland Ct
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712 S Clark St
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$2,020
Total Monthly Price
Base Rent$2,020
Total Monthly Price$2,020
30 E Roosevelt Rd, Unit SI FL8-ID804
30 E Roosevelt RdChicago, IL 60605
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1212 S Michigan Ave, Unit 2509
1212 S Michigan Ave
ChicagoIL60605
713 S Clark St
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1212 S Michigan Ave, Unit 2807
1212 S Michigan Ave
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630 S Clark St, Unit 3711
630 S Clark St
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8 W Monroe St, Unit 1206
8 W Monroe St
ChicagoIL60603
1212 S Michigan Ave, Unit 2404
1212 S Michigan Ave
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50 E 14th St
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1400 S Michigan Ave, Unit 27G
1400 S Michigan Ave
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1322 S Wabash Ave
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208 W Washington St, Unit 1503
208 W Washington St
ChicagoIL60606
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
1212 S Michigan Ave, Unit 1406
1212 S Michigan Ave
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1212 S Michigan Ave, Unit 1106
1212 S Michigan Ave
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1720 S Michigan Ave
ChicagoIL60616
1345 S Wabash Ave
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701 S Wells St, Unit 803
701 S Wells St
ChicagoIL60607
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$2,200
Total Monthly Price
Base Rent$2,200
Total Monthly Price$2,200
201 N Garland Ct, Unit SI FL22-ID1014
201 N Garland CtChicago, IL 60601
1307 S Wabash Ave, Unit 305
1307 S Wabash Ave
ChicagoIL60605
20 N State St, Unit 1139
20 N State St
ChicagoIL60602
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$2,200
Total Monthly Price
Base Rent$2,200
Total Monthly Price$2,200
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
235 W Van Buren St
ChicagoIL60607
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.
22 N State St, Unit 43c
22 N State St
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1935 S Archer Ave
ChicagoIL60616
1406 S Wabash Ave
ChicagoIL60605
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$2,2251 Bedroom Apartments Available Now
35 E Adams St, Unit 211
35 E Adams StChicago, IL 60603
1389 S State St
ChicagoIL60605
1212 S Michigan Ave, Unit 1908
1212 S Michigan Ave
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1464 S Michigan Ave, Unit 1008
1464 S Michigan Ave
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1409 S Wabash Ave
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1801 S Michigan Ave
ChicagoIL60616
106 W Polk St
ChicagoIL60605
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Central Chicago, Chicago, IL Local Guide
How much does it cost to rent a home in Central Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Chicago 2 Bedroom Homes for Rent | $3,507 | $2,000 | $5,700 |
| Central Chicago 3 Bedroom Homes for Rent | $5,561 | $3,600 | $10,000+ |
| Central Chicago 4 Bedroom Homes for Rent | $4,750 | $3,500 | $6,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent 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.
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Central Chicago, Chicago, IL Local Guide
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Cheapest Available Central Chicago Apartments for Rent
The cheapest available apartment rental in the Central Chicago area of Chicago, IL is a 4 Beds unit found at Straits Row priced from $1,599. 820 Michigan by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,669. Here are the most affordable Central Chicago apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Straits Row | Private Bedspace in a D6 with Roommates | 4BR,4BA | $1,599 |
| 820 Michigan by 3L Living | Studio North | Studio,1BA | $1,669 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
| 731 Plymouth by 3L Living | 1 Bedroom East | 1BR,1BA | $1,929 |
| 330 S. Wells St | 02 Tier Studio | Studio,1BA | $1,950 |
| Astoria Tower | Studio 08A | Studio,1BA | $1,979 |
| Park Michigan - 1212 S Michigan Ave | Studio 1ba 09 | Studio,1BA | $2,003 |
| 777 South State | Convertible Studio | Studio,1BA | $2,005 |
| Fisher Building Apartments | A4 | 1BR,1BA | $2,190 |
| The Grand Central | S1 | Studio,1BA | $2,216 |
Best Value Apartments for Rent in Central Chicago, IL
As of September 11, 2026 the best value apartment in the Central Chicago area is the $1.22 price per square foot 5 Person Private Model at Dwight Lofts in the in the South Loop neighborhood starting from $1,354. The second greatest value Central Chicago apartment is the 3 Bed/2 Bath Model at 2001 S State St starting at $2,595 with a $2.36 price per square foot in the Near South Side 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. |
|---|---|---|---|
| Dwight Lofts | 5 Person Private | 4BR,2BA | $1.22 |
| 2001 S State St | 3 Bed/2 Bath | 3BR,2BA | $2.36 |
| The Regal Apartments | 2 Bedrooms Floor Plan B2 | 2BR,2BA | $2.48 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.57 |
| Wells Place Apartments | 1 Bed 1 Bath A4 | 1BR,1BA | $3.08 |
| Carriage House Lofts | 1 BED 1 BATH | 1BR,1BA | $2.47 |
| 30 East | 2 BEDROOM/2 BATHROOM - B3 | 2BR,2BA | $2.32 |
| 1401 S. State | A13-R | 1BR,1BA | $3.14 |
| Fisher Building Apartments | A4 | 1BR,1BA | $3.02 |
| 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.
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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 ArticleNavigating 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.
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 Central Chicago
What type of rentals are currently available in Central Chicago?
There are currently 186 Apartments for Rent in Central Chicago, IL with pricing that ranges from $1,024 to $29,374. There are also 243 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Chicago ranging from $1,854 to $13,150.
What is the current price range for Rental Homes in Central Chicago?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Chicago ranges from $1,854 to $13,150 with an average monthly rent of $3,004.
How much are larger Three and Four Bedroom Rentals in Central Chicago?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Chicago range from $1,024 to $14,271, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,600 to $13,150. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $1,025.
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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
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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Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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.
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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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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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.