
Cheap Homes for Rent in the Central Terrace Neighborhood of Rockford, IL from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Terrace area of Rockford.


620 N Day Ave

2813 Bildahl St
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.

504 Lexington Ave

615 Newport Ave

705 Corbin 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.

707 Royal Ave
Central Terrace, Rockford, IL Local Guide

How much does it cost to rent a home in Central Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Terrace 2 Bedroom Homes for Rent | $1,276 | $1,100 | $1,495 |
| Central Terrace 3 Bedroom Homes for Rent | $1,537 | $1,400 | $1,650 |
| Central Terrace 4 Bedroom Homes for Rent | $1,475 | $1,475 | $1,475 |
| Central Terrace 5 Bedroom Homes for Rent | $1,947 | $1,795 | $2,100 |
| Central Terrace 6 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 Windsor Apartments priced from $825. Carlton Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. Here are the most affordable Central Terrace apartments for rent in Rockford, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windsor Apartments | 2 bedroom 1 bathroom | 2BR,1BA | $825 |
| Carlton Apartments | 2 bedroom one bathroom | 2BR,1BA | $875 |
| Roberts Court | 2 Beds, 1.5 baths | 2BR,1BA | $970 |
Best Value Apartments for Rent in Central Terrace, IL
As of August 18, 2026 the best value apartment in the Central Terrace area is the $0.73 price per square foot 303 S 3rd St Model at 303 S 3rd St, Unit Upstairs in the in the Central Terrace neighborhood starting from $1,275. The second greatest value Central Terrace apartment is the 2 bedroom 1 bathroom Model at Windsor Apartments starting at $825 with a $0.67 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. |
|---|---|---|---|
| 303 S 3rd St, Unit Upstairs | 303 S 3rd St | 2BR,1BA | $0.73 |
| Windsor Apartments | 2 bedroom 1 bathroom | 2BR,1BA | $0.67 |
| Carlton Apartments | 2 bedroom one bathroom | 2BR,1BA | $0.73 |
| Roberts Court | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.97 |
| 1416 E State St Apartments | 1416 2 Bed 2 Bath | 2BR,2BA | $1.76 |
| Rockford Ridge | 2BD 1 BTH | 2BR,1BA | $1.58 |
| Valkommen Plaza | 1 Bedroom 1 Bath | 1BR,1BA | $1.71 |
| 1404 E State St Apartments | 1404 Bump | 1BR,1BA | $1.89 |
| 1018 Haskell Ave, Unit #1 | 1018 Haskell Ave | 1BR,1BA | $1.33 |
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 Central Terrace
What type of rentals are currently available in Central Terrace?
There are currently 93 Apartments for Rent in Central Terrace, IL with pricing that ranges from $800 to $2,499. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Terrace ranging from $1,100 to $2,100.
What is the current price range for Rental Homes in Central Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Terrace ranges from $1,100 to $2,100 with an average monthly rent of $1,435.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.