Cheap Apartments for Rent in the Parc Chesnut Neighborhood of Chicago, IL from $700 (74 Rentals)

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

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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property at 61 W Erie St

$1,830 - $4,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,830
Total Monthly Price
$1,830

Studio To 2 Bedroom Rentals

Available Now

61 W Erie St

ChicagoIL60654
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25 W Hubbard St
1 to 2 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
  • 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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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
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Maple
1 Bedroom Apartments

Maple

150 W Maple StChicago, IL 60610
Senior Living
  • Utilities Included
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211 E. Ohio St.
Studio to 2 Bedroom Apartments

211 E. Ohio St.

205-215 E Ohio StChicago, IL 60611
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Elm 551 at Parkside
Studio to 3 Bedroom Apartments

Elm 551 at Parkside

551 W Elm StChicago, IL 60610
  • Utilities Included
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R+D659
Studio to 4 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
  • Smoke Free
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Luxury condo unit
Studio to 3 Bedroom Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
  • Smoke Free

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!

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Showing Results 1-50, Page 1 of 2

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 Studio unit found at 11 W. Division priced from $1,195. Maple has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. Here are the most affordable Parc Chesnut apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
11 W. DivisionStudioStudio,1BA$1,195
Maple1 Bedroom 1 Bathroom1BR,1BA$1,230
1036 N. DearbornStudioStudio,1BA$1,375
25 E. DelawareStudio 1Studio,1BA$1,395
211 E. DelawareStudioStudio,1BA$1,465
18 E. ElmStudioStudio,1BA$1,475
1164 N DearbornStudioStudio,1BA$1,495

Best Value Apartments for Rent in Parc Chesnut, IL

As of June 03, 2026 the best value apartment in the Parc Chesnut area is the $2.63 price per square foot 1518 N Sedgwick St Model at 1518 N Sedgwick St, Unit 4B in the in the Parc Chesnut neighborhood starting from $5,250. The second greatest value Parc Chesnut apartment is the 1332 N Cleveland Ave Model at 1332 N Cleveland Ave, Unit 1 starting at $4,400 with a $2.59 price per square foot in the Near North Side 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.
1518 N Sedgwick St, Unit 4B1518 N Sedgwick St3BR,2BA$2.63
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,3BA$2.59
Acclaim on North Avenue2 Bedroom 2 Bath Market2BR,2BA$1.91
440 N. Wabash Ave.Two Bedroom 1324 sq ft2BR,2BA$2.11
FultonHub2BR/2.0BA2BR,2BA$2.74
Lofts At River East1 Bedroom1BR,1BA$2.68
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
440 N Wabash Ave, Unit 4907440 N Wabash Ave1BR,1BA$2.50
1111 N. Dearborn1-BR/1BA1BR,1BA$2.81
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 #7

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 $1,495.

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 $9,744.

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 $632 which is $9,112 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

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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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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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