Cheap Homes for Rent in Central Terrace Neighborhood of Rockford, IL from $600 (11 Rentals)

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

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.

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.

Central Terrace, Rockford, IL Local Guide

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 01, 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 1229 S Church St Model at 1229 S Church St, Unit #2 starting at $1,125 with a $1.03 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
1229 S Church St, Unit #21229 S Church St3BR,1BA$1.03
216 Adams St, Unit 1216 Adams St3BR,1BA$1.15
1416 E State St Apartments1416 2 Bed 1 Bath2BR,1BA$1.62
Rockford Ridge2BD 1 BTH2BR,1BA$1.52
Valkommen Plaza1 Bedroom 1 Bath1BR,1BA$1.71
Roberts Court1 Bed, 1 bath1BR,1BA$1.10
216 N 4th St, Unit 1216 N 4th St1BR,1BA$1.23
2802 S Main St, Unit #42802 S Main St2BR,1BA$1.57
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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Pet Friendly Lifestyle
Central Terrace, Rockford, IL

Ranked #18

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Central Terrace

What type of rentals are currently available in Central Terrace?

There are currently 92 Apartments for Rent in Central Terrace, IL with pricing that ranges from $480 to $2,500. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Terrace ranging from $675 to $2,650.

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 $675 to $2,650 with an average monthly rent of $1,418.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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!