
Cheap Homes for Rent in Central Chicago Neighborhood of Chicago, IL from $1,200 (77 Rentals) Page 2 of 2
Search the lowest-cost Homes available for rent right now in the Central Chicago area of Chicago.


910 S Clark St

871 S Clark St

1331 S Michigan Ave

343 S Dearborn St

1345 S Wabash Ave

1321 S Wabash Ave

50 E 16th St, Unit 311

1516 S Wabash Ave

1422 S Indiana Ave
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.

1403 S Wabash Ave

1407 S Michigan Ave

30 E Roosevelt Rd

1322 S Wabash Ave

1430 S Michigan Ave

123 E Roosevelt Rd

1600 S Prairie Ave, Unit 1805

1160 S Michigan Ave

221 W Polk St

883 S Clark St
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

1919 S Michigan Ave

22 N State St, Unit 43c

1464 S Michigan Ave

41 W Polk St

1133 S State St

1111 S Wabash Ave, Unit 1605

1411 S Wabash Ave
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 | $3,152 | $2,000 | $5,200 |
| Central Chicago 3 Bedroom Homes for Rent | $4,813 | $3,300 | $7,300 |
| Central Chicago 4 Bedroom Homes for Rent | $4,730 | $1,210 | $8,250 |
Browse Homes for Rent in this Neighborhood
There are currently 77 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 Central Chicago
What type of rentals are currently available in Central Chicago?
There are currently 188 Apartments for Rent in Central Chicago, IL with pricing that ranges from $1,330 to $33,454. There are also 260 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Chicago ranging from $1,210 to $8,250.
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 $1,210 to $8,250 with an average monthly rent of $3,403.
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 $1,359 to $14,449, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,300 to $7,300. Four Bedroom Single-Family rentals are also available starting from $1,210 and Four Bedroom Apartments start at $1,359.
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.