Cheap Apartments for Rent in the Parc Chesnut Neighborhood of Chicago, IL from $700 (144 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parc Chesnut area of Chicago.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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Parc Chesnut, Chicago, IL Local Guide

Cheapest Available Parc Chesnut Apartments for Rent

 

The cheapest available apartment rental in the Parc Chesnut area of Chicago, IL is a 1 Bed unit found at Maple priced from $1,230. Elm 551 at Parkside has the second lowest priced unit, which is a Studio apartment currently listed from $1,313. Here are the most affordable Parc Chesnut apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Maple1 Bedroom 1 Bathroom1BR,1BA$1,230
Elm 551 at ParksideStudioStudio,1BA$1,313
11 W. DivisionStudioStudio,1BA$1,345
Gramercy Row ApartmentsStudio Floor Plan S15Studio,1BA$1,404
1036 N. DearbornStudioStudio,1BA$1,425

Best Value Apartments for Rent in Parc Chesnut, IL

As of November 27, 2025 the best value apartment in the Parc Chesnut area is the $0.19 price per square foot 1435 N Dearborn St Model at 1435 N Dearborn St, Unit B4 in the in the Magnificent Mile neighborhood starting from $1,895. The second greatest value Parc Chesnut apartment is the 2br/2ba Model at 1154-1156 N Dearborn St starting at $3,450 with a $2.03 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for Parc Chesnut apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1435 N Dearborn St, Unit B41435 N Dearborn St1BR,1BA$0.19
1154-1156 N Dearborn St2br/2ba2BR,2BA$2.03
DEARBORN DISTRICT2BR / 2BA2BR,2BA$2.03
1221 N. LaSalle LoftsStoreFrontStudio ,2BA$2.00
241 W Scott St, Unit 1241 W Scott St2BR,1.5BA$2.46
Affinity on North Avenue2 Bedroom 2 Bath Market2BR,2BA$2.46
110 N Peoria St, Unit A01C110 N Peoria St1BR,1BA$2.18
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Post ChicagoPrivate Bed in a 3 Bed 2 Bath B3BR,2BA$1.21
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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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
Parc Chesnut, Chicago, IL

Ranked #5

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Central Chicago. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Parc Chesnut Apartments

What is a cheap apartment in Parc Chesnut?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parc Chesnut is under $1,425.

What is the price of a cheap apartment in Parc Chesnut?

The cheapest apartment in Parc Chesnut is Maple which is listed at $1,230, while the average apartment in Parc Chesnut costs $35,316.

What types of apartments are the cheapest in Parc Chesnut?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 37 regular apartments in Parc Chesnut that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Parc Chesnut?

Cheap apartments in Parc Chesnut have an average cost of $273 which is $35,043 cheaper than the average rent for all rentals in Parc Chesnut.

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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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.

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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! 

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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.