
Cheap Condos for Rent in the Central Chicago Neighborhood of Chicago, IL from $1,100 (65 Rentals)
Search the lowest-cost Condos available for rent right now in the Central Chicago area of Chicago.


Room in Shared 4 bed/2.5 bath home in Chinatown, Unit A

40 E 9th St

1212 S Michigan Ave, Unit 307

1212 S Michigan Ave, Unit 1505

1212 S Michigan Ave, Unit 607

1212 S Michigan Ave, Unit 611

1212 S Michigan Ave, Unit 604

1212 S Michigan Ave, Unit 1509

1255 S State St, Unit 15B
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!

1620 S Michigan Ave

1212 S Michigan Ave, Unit 1107

1212 S Michigan Ave, Unit 1603

1212 S Michigan Ave, Unit 1703

1212 S Michigan Ave, Unit 2003

1212 S Michigan Ave, Unit 2605

1212 S Michigan Ave, Unit 2205

1845 S Michigan Ave, Unit 01204

1400 S Michigan Ave, Unit 27G

630 S Clark St, Unit 3711
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.

130 N Garland Ct

1503 S State St

1212 S Michigan Ave, Unit 908

1171 S Michigan Ave

1212 S Michigan Ave, Unit 2703

1212 S Michigan Ave, Unit 911

1212 S Michigan Ave, Unit 2805

1147 S Michigan Ave

1212 S Michigan Ave, Unit 606

1212 S Michigan Ave, Unit 3005
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.

1212 S Michigan Ave, Unit 2804

1212 S Michigan Ave, Unit 2304

1212 S Michigan Ave, Unit 1011

1322 S Wabash Ave

1212 S Michigan Ave, Unit 1108

1212 S Michigan Ave, Unit 1708

1212 S Michigan Ave, Unit 810

1212 S Michigan Ave, Unit 1812

1464 S Michigan Ave, Unit 2306

1910 S Indiana Ave
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!

1464 S Michigan Ave

1212 S Michigan Ave, Unit 2308

1212 S Michigan Ave, Unit 2408

1140 S Michigan Ave

712 S Wells St

1210 S Michigan Ave

871 S Clark St

911 S Clark St

20 N State St, Unit 1139

235 W Van Buren St
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.
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 Condos for Rent | $3,455 | $2,000 | $5,500 |
| Central Chicago 3 Bedroom Condos for Rent | $5,563 | $3,275 | $10,000+ |
| Central Chicago 4 Bedroom Condos for Rent | $3,040 | $1,160 | $6,750 |
Browse Condos for Rent in this Neighborhood
There are currently 65 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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- School Districts
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 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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 $924 to $28,356. There are also 267 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Chicago ranging from $1,160 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 $1,160 to $12,500 with an average monthly rent of $3,326.
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 $989 to $9,722, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,275 to $12,500. Four Bedroom Single-Family rentals are also available starting from $1,160 and Four Bedroom Apartments start at $924.
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

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
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
Written by: Nicole Harms
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
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.

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.
Articles, How-To's, and Tips

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.