
Cheap Apartments for Rent in the Parc Chesnut Neighborhood of Chicago, IL from $738 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parc Chesnut area of Chicago.


Post Chicago

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1236

Total Monthly Price
1427 N Dearborn St

Total Monthly Price
61 W Erie St, Unit SI FL3-ID1402

1164 N Dearborn

Total Monthly Price
1330 N Dearborn

Total Monthly Price
61 W Erie St, Unit SI FL2-ID1396

Dearborn North

Total Monthly Price
188 N Wells St, Unit SI FL2-ID1234
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

Park Dearborn

14 West Elm Apartments

Total Monthly Price
61 W Erie St, Unit SI FL3-ID1403

1347 N Dearborn St

1347 N Dearborn

Total Monthly Price
1337 N Dearborn St, Unit A06C

1162 - 1168 N La Salle Blvd

1100 North Lasalle

1522 N La Salle Dr

Total Monthly Price
1136 N La Salle Dr
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.

Total Monthly Price
1515 N Fremont St, Unit SI FL6-ID1283

63 E Lake

Total Monthly Price
1500 N Dearborn Pky, Unit #4C

1515 N Fremont

Canterbury Court Apartments

Total Monthly Price
1254 N Wells St, Unit 202

Total Monthly Price
1000 N. LaSalle

Total Monthly Price
1515 N Fremont St, Unit SI FL7-ID305

Total Monthly Price
55 W. Chestnut

Total Monthly Price
1335 N Dearborn St, Unit J01P
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

40 East Oak

Axis Apartments and Lofts

Total Monthly Price
1120 N. LaSalle

Total Monthly Price
1111 N. Dearborn

The Deco North Lake Shore

Total Monthly Price
1133 N. Dearborn

Marina City

ONE Old Town Park

65 East Scott

25 W Hubbard St
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

North Town Village

1430 N Dearborn St

1504 N Dearborn Pkwy

Maple

211 E. Ohio St.

Gramercy Row Apartments

Elm 551 at Parkside

11 W. Division

1355 N. Dearborn Street

R+D659
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Parc Chesnut, Chicago, IL Local Guide

How much does it cost to rent an apartment in Parc Chesnut?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parc Chesnut Studio Apartments | $2,535 | $1,204 | $9,999 |
| Parc Chesnut 1 Bedroom Apartments | $3,118 | $1,550 | $9,999 |
| Parc Chesnut 2 Bedroom Apartments | $4,606 | $2,200 | $10,000+ |
| Parc Chesnut 3 Bedroom Apartments | $8,892 | $4,336 | $10,000+ |
| Parc Chesnut 4 Bedroom Apartments | $6,548 | $1,294 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 75 rentals with your search options within a 1 mile radius of the Parc Chesnut Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Parc Chesnut, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,395. Here are the most affordable Parc Chesnut apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maple | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,230 |
| 11 W. Division | Studio | Studio,1BA | $1,395 |
| 1164 N Dearborn | Studio | Studio,1BA | $1,495 |
| 1036 N. Dearborn | Studio | Studio,1BA | $1,515 |
| Park Dearborn | Kitchenette | Studio,1BA | $1,550 |
| 1347 N Dearborn | Studio | Studio,1BA | $1,575 |
| 1162 - 1168 N La Salle Blvd | 1168 N. LaSalle Dr. | 1BR,1BA | $1,590 |
| 1522 N La Salle Dr | Studio | Studio,1BA | $1,600 |
Best Value Apartments for Rent in Parc Chesnut, IL
As of September 02, 2026 the best value apartment in the Parc Chesnut area is the $2.74 price per square foot 33 E Division St Model at 33 E Division St, Unit #3 in the in the Magnificent Mile neighborhood starting from $6,300. The second greatest value Parc Chesnut apartment is the 3br/2ba Model at 1154 N Dearborn St starting at $4,489 with a $2.24 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 33 E Division St, Unit #3 | 33 E Division St | 3BR,3BA | $2.74 |
| 1154 N Dearborn St | 3br/2ba | 3BR,2BA | $2.24 |
| 407 W North Ave, Unit 5E | 407 W North Ave | 3BR,2BA | $2.40 |
| 1419 N State Pkwy, Unit 203 | 1419 N State Pkwy | 2BR,2BA | $1.94 |
| 125 S Jefferson St, Unit 1207 | 125 S Jefferson St | 2BR,2BA | $2.55 |
| 440 N. Wabash Ave. | Two Bedroom 1324 sq ft | 2BR,2BA | $2.42 |
| 731 W Ohio St, Unit 2 | 731 W Ohio St | Studio ,1BA | $2.19 |
| Atrium at Old Town Park | Studio A | Studio ,1BA | $2.74 |
| Maple | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.28 |
| Acclaim on North Avenue | Studio Affordable | Studio ,1BA | $2.66 |
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.
Read ArticleBest 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
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleParc Chesnut, Chicago, IL
Ranked #4
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $3,017.
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 56 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 $449 which is $2,568 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.
Helpful Local Expert Guides

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.