Cheap Homes for Rent in the Parc Chesnut Neighborhood of Chicago, IL from $1,400 (185 Rentals)

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

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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property at 253 E Delaware Pl

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

Studio, 1 Bath Condo for Rent

Available Now

253 E Delaware Pl, Unit 6E

253 E Delaware Pl
ChicagoIL60611

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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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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property at 1325 N Dearborn St

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795
Total Monthly Price
$1,795

Studio, 1 Bath Condo for Rent

Available Aug 1

1325 N Dearborn St, Unit 607

1325 N Dearborn St
ChicagoIL60610

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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property at 777 N Michigan Ave

$1,950 - $2,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,950 - $2,050
Total Monthly Price
$1,950 - $2,050

Studio, 1 Bath Condo for Rent

Available Now

777 N Michigan Ave

ChicagoIL60611
property at 641 W Grand Ave

$1,960

Total Monthly Price

Total Monthly Price

Base Rent
$1,960
Total Monthly Price
$1,960

Studio, 1 Bath Condo for Rent

Available Now

641 W Grand Ave, Unit S

641 W Grand Ave
ChicagoIL60654
property at 111 E Chestnut St

$1,975 - $4,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,975 - $4,650
Total Monthly Price
$1,975 - $4,650

1 To 3 Bedroom Condos for Rent

Available Now

111 E Chestnut St

ChicagoIL60611

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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Showing Results 1-50, Page 1 of 4

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$1,395
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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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 #6

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Parc Chesnut

What type of rentals are currently available in Parc Chesnut?

There are currently 836 Apartments for Rent in Parc Chesnut, IL with pricing that ranges from $1,195 to $48,409. There are also 763 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parc Chesnut ranging from $1,400 to $35,000.

What is the current price range for Rental Homes in Parc Chesnut?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Parc Chesnut ranges from $1,400 to $35,000 with an average monthly rent of $8,012.

How much are larger Three and Four Bedroom Rentals in Parc Chesnut?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Parc Chesnut range from $2,400 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,550 to $22,000. Four Bedroom Single-Family rentals are also available starting from $6,375 and Four Bedroom Apartments start at $1,374.

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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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

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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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

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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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

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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.

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.