Cheap Apartments for Rent in Chestnut, IL from $400 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in Chestnut.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-23, Page 1 of 1

Chestnut, IL Local Guide

Cheapest Available Chestnut Apartments for Rent and Nearby

 

The cheapest available apartment rental in Chestnut, IL is a 2 Beds unit found at RESERVE AT LAKEVIEW priced from $507. Washington Senior Apartments in the Downtown Bloomington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $548. Here is today’s list of the most affordable Chestnut apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$507
Washington Senior ApartmentsStudioStudio,1BA$548
Bradlee Park ApartmentsStudioStudio,1BA$595
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
The Hickox CollectionThe HickoxStudio,1BA$628

Best Value Apartments for Rent in Chestnut, IL and Nearby

As of June 22, 2025 the best value apartment in the Chestnut area is the $1.00 price per square foot 3BR/ 1BA Model at East Douglas Apartments in the in the Downtown Bloomington neighborhood starting from $1,200. The second greatest value Chestnut apartment is the Walk to work. Capitol View. WIFI Included. Model at Safe Harbor Properties starting at $925 with a $1.03 price per square foot in the Downtown Springfield neighborhood. Here is today’s list of the best values for Chestnut apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
East Douglas Apartments3BR/ 1BA3BR,1BA$1.00
Safe Harbor PropertiesWalk to work. Capitol View. WIFI Included.2BR,1BA$1.03
Traditions BloomingtonOne Bedroom - Income Restricted1BR,1BA$1.10
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
Danbury Court ApartmentsOne Bedroom, One Bath (affordable)1BR,1BA$1.08
2474 N Florian1st Floor2BR,1.5BA$1.13
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$1.06
106 S 4th St2 bedroom2BR,1BA$1.21
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Chestnut, IL Rentals by Map

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See the most popular apartments and homes in Chestnut, IL

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Getting Around Chestnut, IL

Walk Score®

14 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Chestnut Apartments

What is the Cheapest Studio apartment in Chestnut?

Currently the most affordable Cheap Studio Apartment in Chestnut is at Washington Senior Apartments listed at $548.

How much is rent for a Cheap One Bedroom Chestnut Apartment?

The lowest price for a Cheap One Bedroom Chestnut Apartment is $625 at Stones Crossing Apartments.

What is the lowest price for a Cheap Two Bedroom Chestnut Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chestnut is starting from $507 at RESERVE AT LAKEVIEW.

What is the most affordable Chestnut Three Bedroom Apartment?

The best deal on a cheap Chestnut Three Bedroom Apartment rental is at East Douglas Apartments and starts from $1,200.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.