Room in Shared 4 bed/2.5 bath home
1928 S Young Park Way
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Cheap Homes for Rent in Central Chicago Neighborhood of Chicago, IL from $900 (64 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Chicago area of Chicago.
1255 S State St, Unit 15B
1255 S State St
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1620 S Michigan Ave
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30 E Roosevelt Rd
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8 W Monroe St, Unit 810
8 W Monroe St
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981 S State St
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$1,930Studio Apartments Available Nov 16
1000 S Michigan Ave
1000 S Michigan AveChicago, IL 60605
11 E 9th St
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713 S Clark St
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697 S Clark St
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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.
635 S Clark St
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899 S Plymouth Ct
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431 S Dearborn St
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1322 S Wabash Ave
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1845 S Michigan Ave, Unit 01204
1845 S Michigan Ave
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130 N Garland Ct
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801 S Wells St
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1255 S State St
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28 E Adams St
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208 W Washington St
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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.
208 W Washington St, Unit 1503
208 W Washington St
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801 S Plymouth Ct
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$2,1101 Bedroom Apartments Available Oct 13, 2029
343 S Dearborn St
343 S Dearborn StChicago, IL 60604
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$2,140Studio Apartments Available May 12, 2028
343 S Dearborn St
343 S Dearborn StChicago, IL 60604
20 N State St, Unit 1139
20 N State St
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235 W Van Buren St
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801 S Plymouth Ct
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1390 S State St
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1235 S Indiana Ave
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1720 S Michigan Ave
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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.
40 E 9th St
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1720 S Michigan Ave
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1972 S Indiana Ave
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1398 S Wabash Ave
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800 S Clark St
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$2,247Studio Apartments Available Now
800 N Wells St
800 N Wells StChicago, IL 60610
7 N State St
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$2,2602 Bedroom Apartments Available Sep 1
30 E Roosevelt Rd
30 E Roosevelt RdChicago, IL 60605
1304 S Michigan Ave
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235 W Van Buren St
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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!
1160 S Michigan Ave
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161 W Harrison St, Unit 504
161 W Harrison St
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41 W Polk St
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733 S Wells St
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1400 S Michigan Ave, Unit 27G
1400 S Michigan Ave
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22 N State St, Unit 43c
22 N State St
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1133 S State St
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1461 S State St
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$2,330Studio Apartments Available Jun 15
1407 S Michigan Ave
1407 S Michigan AveChicago, IL 60605
1160 S Michigan Ave, Unit 2901
1160 S Michigan Ave
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 a home in Central Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Chicago 2 Bedroom Homes for Rent | $3,293 | $2,000 | $5,100 |
| Central Chicago 3 Bedroom Homes for Rent | $4,721 | $3,900 | $7,300 |
| Central Chicago 4 Bedroom Homes for Rent | $8,420 | $930 | $10,000+ |
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 64 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
- Nearby Chicago neighborhoods
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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 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 | $1,804 |
| Park Michigan - 1212 S Michigan Ave | Studio 1ba 03 | Studio,1BA | $1,839 |
| The Alfred | B3 | Studio,1BA | $1,940 |
| The Cooper | Studio-1A | Studio,1BA | $1,967 |
| The Regal Apartments | 1 Bedroom Loft Floor Plan A1 | 1BR,1BA | $1,989 |
| The Grand Central | GraW.S1 | Studio,1BA | $2,010 |
| 1407 on Michigan | S7 | Studio,1BA | $2,047 |
| 777 South State | One Bedroom | 1BR,1BA | $2,055 |
Best Value Apartments for Rent in Central Chicago, IL
As of April 06, 2026 the best value apartment in the Central Chicago area is the $1.24 price per square foot 4 BEDROOM/4 BATHROOM - D Model at 30 East in the in the South Loop neighborhood starting from $1,730. 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. |
|---|---|---|---|
| 30 East | 4 BEDROOM/4 BATHROOM - D | 4BR,4BA | $1.24 |
| 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 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $2.79 |
| Wells Place Apartments | 1 Bed 1 Bath A4 | 1BR,1BA | $2.74 |
| 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 |
| The Regal Apartments | 1 Bedroom Loft Floor Plan A1 | 1BR,1BA | $2.99 |
| 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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 184 Apartments for Rent in Central Chicago, IL with pricing that ranges from $849 to $21,302. There are also 244 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Chicago ranging from $930 to $12,500.
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 $930 to $12,500 with an average monthly rent of $4,212.
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 $999 to $16,121, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,900 to $7,300. Four Bedroom Single-Family rentals are also available starting from $930 and Four Bedroom Apartments start at $879.
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.