
Cheap Apartments for Rent in the Central Terrace Neighborhood of Rockford, IL from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Terrace area of Rockford.


1019 12th Ave

Windsor Apartments

115 N Longwood St

828 8th Ave
Central Terrace, Rockford, IL Local Guide

How much does it cost to rent an apartment in Central Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central Terrace Studio Apartments | $1,025 | $795 | $1,399 |
Central Terrace 1 Bedroom Apartments | $1,081 | $480 | $1,699 |
Central Terrace 2 Bedroom Apartments | $1,238 | $480 | $2,500 |
Central Terrace 3 Bedroom Apartments | $1,030 | $950 | $1,125 |
Central Terrace 4 Bedroom Apartments | $1,462 | $1,350 | $1,575 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Central Terrace Neighborhood of Rockford, IL.
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Central Terrace, Rockford, IL Local Guide
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Cheapest Available Central Terrace Apartments for Rent
 The cheapest available apartment rental in the Central Terrace area of Rockford, IL is a 2 Beds unit found at Rockford Housing Authority priced from $480. Roberts Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Central Terrace apartments for rent in Rockford, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $715 |
Windsor Apartments | 2 bedroom 1 bathroom | 2BR,1BA | $825 |
Whitestone Manor Apartments | 529 N Main Studio | Studio,1BA | $850 |
Rockford Ridge | 2BD 1 BTH | 2BR,1BA | $1,081 |
Best Value Apartments for Rent in Central Terrace, IL
As of September 16, 2025 the best value apartment in the Central Terrace area is the $1.05 price per square foot 102 7th St Model at 102 7th St, Unit 2 in the in the Central Terrace neighborhood starting from $1,575. The second greatest value Central Terrace apartment is the 1510 School St Model at 1510 School St, Unit 1st Floor starting at $950 with a $0.75 price per square foot in the Central Terrace neighborhood. Here is today’s list of the best values for Central Terrace apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
102 7th St, Unit 2 | 102 7th St | 4BR,1BA | $1.05 |
1510 School St, Unit 1st Floor | 1510 School St | 3BR,1BA | $0.75 |
Windsor Apartments | 2 bedroom 1 bathroom | 2BR,1BA | $0.67 |
520 N Horsman St, Unit Upper | 520 N Horsman St | 3BR,1BA | $0.82 |
1229 S Church St, Unit #2 | 1229 S Church St | 3BR,1BA | $1.03 |
Rockford Ridge | 2BD 1 BTH | 2BR,1BA | $1.52 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $1.10 |
Whitestone Manor Apartments | 529 N Main Studio | Studio ,1BA | $1.62 |
2802 S Main St, Unit #4 | 2802 S Main St | 2BR,1BA | $1.57 |
Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
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Pet Friendly LifestyleCentral Terrace, Rockford, IL
Ranked #27
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Central Terrace Apartments
What is a cheap apartment in Central Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Terrace is under $1,195.
What is the price of a cheap apartment in Central Terrace?
The cheapest apartment in Central Terrace is Rockford Housing Authority which is listed at $480, while the average apartment in Central Terrace costs $1,462.
What types of apartments are the cheapest in Central Terrace?
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 7 regular apartments in Central Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.