
Cheap Homes for Rent in Central Chicago Neighborhood of Chicago, IL from $900 (94 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Chicago area of Chicago.


640 S Federal St

30 E Roosevelt Rd

1160 S Michigan Ave, Unit 1606

720 S Clark St, Unit 203

1210 S Michigan Ave

1171 S Michigan Ave

99 E 13th St

235 W Van Buren St, Unit 2120-S

740 S Federal St, Unit 706

1620 S Michigan Ave
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

1111 S Wabash Ave, Unit 1810

1194 S Michigan Ave

1312 S Wabash Ave

630 S Clark St, Unit 3711

680 S Federal St

40 E 9th St

130 N Garland Ct, Unit 2901

1130 E 11th St

328 S Wells St

51 E 14th Pl

1819 S Michigan Ave, Unit 1203

1910 S Michigan Ave, Unit 301

1010 S State St

1400 S Michigan Ave, Unit 27G

899 S Plymouth Ct, Unit 2203

899 S Plymouth Ct, Unit 1806

899 S Plymouth Ct, Unit 1806

1 E 8th St, Unit 511

1 E 8th St, Unit 511

914 S Clark St

1 E 8th St

1910 S Michigan Ave, Unit 301

701 S Wells St, Unit 2517

235 W Van Buren St

1000 S Clark St

1146 S Michigan Ave

1133 S State St

1845 S Michigan Ave, Unit 01204

1133 S Wabash Ave, Unit 303

899 S Plymouth Ct, Unit 404

621 S Plymouth Ct, Unit 307

124 W Polk St

899 S Plymouth Ct

1255 S State St

175 W Polk St

838 S Clark St

1255 S Indiana Pkwy

130 S Michigan Ave

1160 S Michigan Ave, Unit 2906
Central Chicago, Chicago, IL Local Guide

How much does it cost to rent a home in Central Chicago?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central Chicago 2 Bedroom Homes for Rent | $3,220 | $2,000 | $5,089 |
Central Chicago 3 Bedroom Homes for Rent | $4,293 | $2,500 | $7,995 |
Central Chicago 4 Bedroom Homes for Rent | $8,150 | $950 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 94 rentals with your search options within a 2 mile radius of the Central Chicago Neighborhood of Chicago, IL.
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Central Chicago, Chicago, IL Local Guide
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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.
Frequently Asked Questions about Central Chicago
What type of rentals are currently available in Central Chicago?
There are currently 225 Apartments for Rent in Central Chicago, IL with pricing that ranges from $1,147 to $19,550. There are also 298 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Chicago ranging from $950 to $15,000.
What is the current price range for Rental Homes in Central Chicago?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Chicago ranges from $950 to $15,000 with an average monthly rent of $3,974.
How much are larger Three and Four Bedroom Rentals in Central Chicago?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Chicago range from $1,899 to $12,930, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $7,995. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,699.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.