Cheap Homes for Rent in Chestnut, IL from $400 (6 Rentals)

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Chestnut, IL Local Guide

Cheapest Available Chestnut Apartments for Rent and Nearby

 

The cheapest available apartment rental in Chestnut, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Washington Senior Apartments in the Downtown Bloomington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $515. Here is today’s list of the most affordable Chestnut apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Washington Senior ApartmentsStudioStudio,1BA$515
215 N 3rd St1 Bedroom1BR,1BA$550

Best Value Apartments for Rent in Chestnut, IL and Nearby

As of April 14, 2025 the best value apartment in the Chestnut area is the $0.75 price per square foot Three Bedroom, Two Bath (I) Model at Brainard Landings Apartments in the starting from $900. The second greatest value Chestnut apartment is the 2/1 Vaulted Ceilings Model at 108 Oak Creek Plaza starting at $1,149 with a $1.00 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Chestnut apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brainard Landings ApartmentsThree Bedroom, Two Bath (I)3BR,2BA$0.75
108 Oak Creek Plaza2/1 Vaulted Ceilings2BR,1BA$1.00
Traditions BloomingtonTwo Bedroom - Income Restricted2BR,2BA$1.04
Grove at Main ApartmentsCamelia2BR,1BA$1.16
Butler Place2 Beds, 1 Baths2BR,1BA$0.87
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor Properties1st Floor Level1BR,1BA$1.17
Decatur Flats Apartments1BR/1.0BA1BR,1BA$1.01
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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Frequently Asked Questions about Chestnut

What type of rentals are currently available in Chestnut?

There are currently 39 Apartments for Rent in Chestnut, IL with pricing that ranges from $515 to $7,227. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chestnut ranging from $400 to $3,500.

What is the current price range for Rental Homes in Chestnut?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chestnut ranges from $400 to $3,500 with an average monthly rent of $1,261.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.