
Cheap Homes for Rent in Chestnut Woods Neighborhood of Palatine, IL from $1,600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Chestnut Woods area of Palatine.


337 N Carter St

236 Johnson St
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.

525 N Quentin Rd, Unit 615

337 N Carter St, Unit 202, Unit 202

304 N Carter St
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.
Chestnut Woods, Palatine, IL Local Guide

How much does it cost to rent a home in Chestnut Woods?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chestnut Woods 2 Bedroom Homes for Rent | $2,033 | $1,650 | $2,250 |
| Chestnut Woods 3 Bedroom Homes for Rent | $3,197 | $3,195 | $3,200 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Chestnut Woods Neighborhood of Palatine, IL.
Explore Palatine
Cheapest Available Chestnut Woods Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Albion on Northwest | Elm (A1) 1 Bedroom Aparment | 1BR,1BA | $1,633 |
Best Value Apartments for Rent in Chestnut Woods, IL
As of April 28, 2026 the best value apartment in the Chestnut Woods area is the $1.80 price per square foot 441 N Eric Dr Model at 441 N Eric Dr, Unit 3A in the in the Pleasant Hill neighborhood starting from $1,795. The second greatest value Chestnut Woods apartment is the Oak (Ah) 1 Bedroom Apartment Model at Albion on Northwest starting at $1,828 with a $2.49 price per square foot in the Cherrybrook Village neighborhood. Here is today’s list of the best values for Chestnut Woods apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 441 N Eric Dr, Unit 3A | 441 N Eric Dr | 2BR,2BA | $1.80 |
| Albion on Northwest | Oak (Ah) 1 Bedroom Apartment | 1BR,1BA | $2.49 |
Frequently Asked Questions about Chestnut Woods
What type of rentals are currently available in Chestnut Woods?
There are currently 42 Apartments for Rent in Chestnut Woods, IL with pricing that ranges from $1,350 to $2,413. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chestnut Woods ranging from $1,600 to $3,200.
What is the current price range for Rental Homes in Chestnut Woods?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chestnut Woods ranges from $1,600 to $3,200 with an average monthly rent of $2,321.
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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Articles, How-To's, and Tips

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Renting your next home can feel thrilling and overwhelming at the same time.