
Cheap Homes for Rent in Central Terrace Neighborhood of Rockford, IL from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Terrace area of Rockford.


714 S Greenview Ave

1127 Ferguson St

619 Miriam Ave

2108 School St
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 | $1,146 | $975 | $1,300 |
Central Terrace 3 Bedroom Homes for Rent | $1,450 | $1,050 | $2,000 |
Central Terrace 4 Bedroom Homes for Rent | $1,555 | $1,475 | $1,650 |
Central Terrace 5 Bedroom Homes for Rent | $1,666 | $1,400 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $715 |
Windsor Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $725 |
Best Value Apartments for Rent in Central Terrace, IL
As of April 10, 2025 the best value apartment in the Central Terrace area is the $0.79 price per square foot 3 bedroom 1.5 bath Model at Carlton Apartments in the in the Central Terrace neighborhood starting from $1,100. The second greatest value Central Terrace apartment is the 1118 9th Ave Model at 1118 9th Ave, Unit #1 starting at $995 with a $0.74 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. |
---|---|---|---|
Carlton Apartments | 3 bedroom 1.5 bath | 3BR,1.5BA | $0.79 |
1118 9th Ave, Unit #1 | 1118 9th Ave | 2BR,1BA | $0.74 |
1510 School St, Unit 1st Floor | 1510 School St | 3BR,1BA | $0.79 |
520 N Horsman St, Unit Upper | 520 N Horsman St | 3BR,1BA | $0.86 |
1229 S Church St, Unit 1 | 1229 S Church St | 3BR,1BA | $1.03 |
Burnham Lofts | 1 bedroom | 1BR,1BA | $1.23 |
Windsor Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $0.87 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $1.10 |
1226 N Main St, Unit 1226Apt4 | 1226 N Main St | 1BR,1BA | $1.25 |
Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
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Frequently Asked Questions about Central Terrace
What type of rentals are currently available in Central Terrace?
There are currently 89 Apartments for Rent in Central Terrace, IL with pricing that ranges from $480 to $2,250. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Terrace ranging from $750 to $2,000.
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 $750 to $2,000 with an average monthly rent of $1,313.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.