Cheap Homes for Rent in Chestnut, IL from $500 (21 Rentals)

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Chestnut, IL Local Guide

Cheapest Available Chestnut Apartments for Rent and Nearby

 

The cheapest available apartment rental in Chestnut, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Chestnut apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Washington Senior ApartmentsStudioStudio,1BA$548
Bradlee Park ApartmentsStudioStudio,1BA$595
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625

Best Value Apartments for Rent in Chestnut, IL and Nearby

As of September 15, 2025 the best value apartment in the Chestnut area is the $1.00 price per square foot 2/1 Vaulted Ceilings with Carpet Model at 108 Oak Creek Plaza in the in the Downtown Bloomington neighborhood starting from $1,149. The second greatest value Chestnut apartment is the Two Bedroom, Two Bath (market) Model at Danbury Court Apartments starting at $1,250 with a $1.11 price per square foot in the Downtown Bloomington 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.
108 Oak Creek Plaza2/1 Vaulted Ceilings with Carpet2BR,1BA$1.00
Danbury Court ApartmentsTwo Bedroom, Two Bath (market)2BR,2BA$1.11
Lincoln Lofts2 Bedroom2BR,2BA$1.03
2474 N FlorianUnit 112BR,1.5BA$1.06
Safe Harbor PropertiesDowntown1BR,1BA$1.03
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$1.07
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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

Explore Chestnut, IL Rentals by Map

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Frequently Asked Questions about Chestnut

What type of rentals are currently available in Chestnut?

There are currently 43 Apartments for Rent in Chestnut, IL with pricing that ranges from $403 to $10,000. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chestnut ranging from $510 to $4,500.

What is the current price range for Rental Homes in Chestnut?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chestnut ranges from $510 to $4,500 with an average monthly rent of $1,802.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.