Cheap Apartments for Rent in the Central Terrace Neighborhood of Rockford, IL from $400 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Terrace area of Rockford.

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Skyrise Apartments
1 Bedroom Apartments

Skyrise Apartments

837 N Main StRockford, IL 61103
Senior Living
  • Utilities Included
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Somerset Apartments
1 Bedroom Apartments

Somerset Apartments

1020 N Main StRockford, IL 61103
  • Utilities Included

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.

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718 N Court St
1 Bedroom Apartments

718 N Court St

718 N Court StRockford, IL 61103
  • Utilities Included
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Valencia Apartments
1 to 2 Bedroom Apartments

Valencia Apartments

500-518 Fisher AveRockford, IL 61103
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Mandel Apartments
1 Bedroom Apartments

Mandel Apartments

838 N Church StRockford, IL 61103
  • Utilities Included

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.

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 ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Roberts Court1 Bed, 1 bath1BR,1BA$715
Longwood Garden Apartments1 Bedroom1BR,1BA$718
Rockford Ridge2BD 1 BTH2BR,1BA$1,081
1404 E State St Apartments1404 Bump1BR,1BA$1,150

Best Value Apartments for Rent in Central Terrace, IL

As of January 21, 2026 the best value apartment in the Central Terrace area is the $0.75 price per square foot 1510 School St Model at 1510 School St, Unit 1st Floor in the in the Central Terrace neighborhood starting from $950. The second greatest value Central Terrace apartment is the 1030 N Church St Model at 1030 N Church St, Unit 1030 N Church st starting at $995 with a $0.80 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1510 School St, Unit 1st Floor1510 School St3BR,1BA$0.75
1030 N Church St, Unit 1030 N Church st1030 N Church St2BR,1BA$0.80
1229 S Church St, Unit #21229 S Church St3BR,1BA$1.03
1416 E State St Apartments1416 2 Bed 2 Bath w/ Shower2BR,2BA$1.76
Rockford Ridge2BD 1 BTH2BR,1BA$1.52
Rock River Tower ApartmentsLuxury Studio Apartment with River ViewStudio ,1BA$2.00
1404 E State St Apartments1404 Nook1BR,1BA$1.81
Roberts Court1 Bed, 1 bath1BR,1BA$1.10
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

Frequently Asked Questions about Cheap Central Terrace Apartments

How much is rent for a Cheap One Bedroom Central Terrace Apartment?

The lowest price for a Cheap One Bedroom Central Terrace Apartment is $480 at Rockford Housing Authority.

What is the lowest price for a Cheap Two Bedroom Central Terrace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Terrace is starting from $480 at Rockford Housing Authority.

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.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!