Cheap Apartments for Rent in the Parc Chesnut Neighborhood of Chicago, IL from $700 (79 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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245 W North Ave, Unit 108
$1,195
Total Monthly Price

Total Monthly Price

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$1,195
Total Monthly Price
$1,195
Studio Apartment Available Aug 1

245 W North Ave, Unit 108

245 W North AveChicago, IL 60610
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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1330 N Dearborn
$1,500 - $2,200
Total Monthly Price

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$1,500 - $2,200
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Studio to 2 Bedroom Apartments Contact Us For Availability

1330 N Dearborn

1330 N Dearborn StChicago, IL 60610
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245 W North Ave, Unit 105
$1,595
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Total Monthly Price

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$1,595
Total Monthly Price
$1,595
1 Bedroom Apartment Available Sep 1

245 W North Ave, Unit 105

245 W North AveChicago, IL 60610
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1120 N. LaSalle
$1,615 - $3,616
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$1,615 - $3,616
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Studio to 2 Bedroom Apartments Available Aug 1

1120 N. LaSalle

1120 LaSalle DrChicago, IL 60610
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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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1000 N. LaSalle
$1,750 - $3,561
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$1,750 - $3,561
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Studio to 2 Bedroom Apartments Available Aug 1

1000 N. LaSalle

1000-1030 N LaSalle DrChicago, IL 60610
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55 W. Chestnut
$1,789 - $3,323
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$1,789 - $3,323
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Studio to 2 Bedroom Apartments Available Aug 1

55 W. Chestnut

55 W Chestnut StChicago, IL 60610
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1111 N. Dearborn
$1,824 - $4,902
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$1,824 - $4,902
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Studio to 3 Bedroom Apartments Available Now

1111 N. Dearborn

1111 N Dearborn StChicago, IL 60610
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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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1133 N. Dearborn
$1,869 - $4,064
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$1,869 - $4,064
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Studio to 2 Bedroom Apartments Available Aug 1

1133 N. Dearborn

1133 N Dearborn StChicago, IL 60610
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25 W Hubbard St
1 to 2 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
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North Town Village
1 to 4 Bedroom Apartments

North Town Village

1311 N Halsted StChicago, IL 60642
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1430 N Dearborn St
Studio to 1 Bedroom Apartments

1430 N Dearborn St

1430 N Dearborn StChicago, IL 60610
  • Utilities Included
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1504 N Dearborn Pkwy
Studio to 3 Bedroom Apartments

1504 N Dearborn Pkwy

1504 N Dearborn PkyChicago, IL 60610
  • Utilities Included

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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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 $1,365. 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$1,365
1036 N. DearbornStudioStudio,1BA$1,375
211 E. DelawareStudioStudio,1BA$1,445
18 E. ElmStudioStudio,1BA$1,495
25 E. DelawareStudio 1Studio,1BA$1,525
Park DearbornKitchenetteStudio,1BA$1,550
1522 N La Salle DrStudioStudio,1BA$1,600

Best Value Apartments for Rent in Parc Chesnut, IL

As of July 19, 2026 the best value apartment in the Parc Chesnut area is the $2.50 price per square foot Four Bedroom Model at 116-120 Chestnut Properties in the in the Magnificent Mile neighborhood starting from $7,500. The second greatest value Parc Chesnut apartment is the 1531 N Wells St. Model at 1531 N Wells St starting at $6,400 with a $2.84 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.
116-120 Chestnut PropertiesFour Bedroom4BR,3.5BA$2.50
1531 N Wells St1531 N Wells St.4BR,2BA$2.84
407 W North Ave, Unit 5E407 W North Ave3BR,2BA$2.40
440 N. Wabash Ave.Two Bedroom 1324 sq ft2BR,2BA$2.11
The Evergreen Lofts1BR/1.0BA1BR,1BA$2.82
211 E Ohio St, Unit 2719211 E Ohio St1BR,1BA$2.71
Asbury PlazaDeluxe One Bedroom1BR,1BA$2.75
1111 N. Dearborn1-BR/1BA1BR,1BA$2.82
Lake Shore PlazaOne Bedroom1BR,1BA$2.85
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

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

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Parc Chesnut, Chicago, IL

Ranked #6

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 $1,600.

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 $27,443.

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 16 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 $523 which is $26,920 cheaper than the average rent for all rentals in Parc Chesnut.

Expert Rental Resources

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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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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