
Cheap Apartments for Rent in the Central Terrace Neighborhood of Rockford, IL from $400 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Terrace area of Rockford.


Whitestone Manor Apartments

1421 Crosby St

522-524 Lafayette Ave

1140 N Church St

1103 Harlem Blvd, Unit 2, upper

319 Albert Ave

1612 10th St, Unit 2

Water Power Lofts
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.

2737 11th St

Rockford Housing Authority

Skyrise Apartments

Somerset Apartments

Valencia Apartments

Haskell Park Apartments

Longwood Garden Apartments

Jane Addams Park Apartments

Mandel Apartments
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.

914 N Court St, Rockford ILL 61103

718 N Court St

Windsor Apartments

Carlton Apartments

Main Street Apartments

Luther Center Senior Apartments

314 N Longwood St

Midtown Lofts

Rockford Ridge
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Burnham Lofts

Valkommen Plaza

William Brown Lofts

Nu-State Apartments

415 Morgan St

301 S Main St

1404 E State St Apartments

1211 21st Pl

1209 21st Pl
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

504 Lexington Ave

615 Newport Ave

705 Corbin St
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 | $1,231 | $995 | $1,399 |
| Central Terrace 1 Bedroom Apartments | $1,238 | $820 | $1,699 |
| Central Terrace 2 Bedroom Apartments | $1,528 | $970 | $2,300 |
| Central Terrace 3 Bedroom Apartments | $1,500 | $1,200 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 39 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 1 Bed unit found at Roberts Court priced from $820. Windsor Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here are the most affordable Central Terrace apartments for rent in Rockford, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $820 |
| Windsor Apartments | 2 bedroom 1 bathroom | 2BR,1BA | $825 |
| Carlton Apartments | 2 bedroom one bathroom | 2BR,1BA | $875 |
| Rockford Ridge | 2BD 1 BTH | 2BR,1BA | $1,124 |
| Valkommen Plaza | 1 Bedroom 1 Bath | 1BR,1BA | $1,155 |
| 1416 E State St Apartments | 1416 2 Bed 1 Bath | 2BR,1BA | $1,395 |
Best Value Apartments for Rent in Central Terrace, IL
As of July 24, 2026 the best value apartment in the Central Terrace area is the $0.67 price per square foot 2 bedroom 1 bathroom Model at Windsor Apartments in the in the Central Terrace neighborhood starting from $825. The second greatest value Central Terrace apartment is the 2 bedroom one bathroom Model at Carlton Apartments starting at $875 with a $0.73 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. |
|---|---|---|---|
| Windsor Apartments | 2 bedroom 1 bathroom | 2BR,1BA | $0.67 |
| Carlton Apartments | 2 bedroom one bathroom | 2BR,1BA | $0.73 |
| 1416 E State St Apartments | 1416 2 Bed 2 Bath | 2BR,2BA | $1.76 |
| Rockford Ridge | 2BD 1 BTH | 2BR,1BA | $1.58 |
| Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $1.26 |
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 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 Terrace, Rockford, IL
Ranked #20
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Central Terrace Apartments
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 $825 at Windsor Apartments.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.