Cheap Apartments for Rent in the Parc Chesnut Neighborhood of Chicago, IL from $700 (117 Rentals)

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

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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. 11 W. Division has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. 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
11 W. DivisionStudioStudio,1BA$1,245
Atrium at Old Town Park1 Bedroom1BR,1BA$1,308
Elm 551 at ParksideStudioStudio,1BA$1,313
1100 North LasalleStudioStudio,1BA$1,390
Gramercy Row ApartmentsStudio Floor Plan S13Studio,1BA$1,394
1036 N. DearbornStudioStudio,1BA$1,395
Dearborn NorthAvailable studio 15Studio,1BA$1,395

Best Value Apartments for Rent in Parc Chesnut, IL

As of October 09, 2025 the best value apartment in the Parc Chesnut area is the $0.20 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 $1,995. The second greatest value Parc Chesnut apartment is the 1008 W Lake St Model at 1008 W Lake St, Unit 2 starting at $5,600 with a $2.43 price per square foot in the Parc Chesnut 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$0.20
1008 W Lake St, Unit 21008 W Lake St1BR,1.5BA$2.43
FultonHub3BR/2.0BA3BR,2BA$2.28
DEARBORN DISTRICT2BR / 2BA2BR,2BA$2.03
1221 N. LaSalle LoftsStoreFrontStudio ,2BA$2.00
Affinity on North Avenue2 Bedroom 2 Bath Market2BR,2BA$2.46
110 N Peoria St, Unit A01C110 N Peoria St1BR,1BA$2.18
Post Chicago Apartments3 Bed 2 Bath3BR,2BA$1.36
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

Quick Rent Budget Calculator

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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 #3

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 $1,395.

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 $21,496.

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 55 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 $786 which is $20,710 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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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.

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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.