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Chaney was educated at Leighton Park School, Reading, Ealing School of Art and subsequently gained a first class degree in History of Art at Reading University before completing an MPhil and PhD at the Warburg Institute, University of London. He also has a Laurea from the University of Pisa. He married biographer Lisa Jacka in Paris, 1973, and has two daughters, Jessica Chaney, former art director of Apollo magazine, and singer-songwriter Olivia Chaney. The marriage was dissolved in 2002.^[6]

From 1978 to 1985 Chaney lived in Florence where he was a 'Ricercatore' at the European University Institute, adjunct assistant professor at Georgetown University's Villa Le Balze, an Associate of Harvard University's Villa I Tatti and taught at the University of Pisa.

From 1985 to 1990 he was the Shuffrey Research Fellow in Architectural History at Lincoln College, Oxford before working for English Heritage as historian to the London region and lecturing in the History of Art at Oxford Brookes University. In 1997 was appointed Professor Fine and Decorative Arts at the Southampton Institute, now Southampton Solent University, where he established the History of Collecting Research Centre.^[7]

In 2014 he was appointed Visiting Professor of Art History at the New College of the Humanities and January–March 2015 Fernand Braudel Senior Fellow at the European University Institute, Florence.^[8]

He was co-founder and editor of Journal of Anglo-Italian Studies, and has served on the Executive Committee of the British-Italian Society, the International Association of Art Critics (AICA) and the Catholic Record Society.

He currently serves on the Editorial Boards of:

• The Journal of Wyndham Lewis Studies
• The British Art Journal
• The Court Historian

In 2016 he was appointed Governor of University Hospital Southampton NHS Foundation Trust.

• Oxford, China and Italy: Writings in Honour of Sir Harold Acton (ed. with Neil Ritchie, Thames and Hudson, 1984)
• The Grand Tour and the Great Rebellion: Richard Lassels and 'The Voyage of Italy' in the Seventeenth Century (C.I.R.V.I., Slatkine, 1985)^[9]
• A Traveller's Companion to Florence (intro Harold Acton, Constable, 1986; 2nd ed. Constable and Robinson, 2002)^[10]
• England and the Continental Renaissance (ed with Peter Mack: Boydell Press, 1990)
• English Architecture: Public and Private (ed with John Bold: Hambledon Press, 1993)^[11]
• The Evolution of the Grand Tour: Anglo-Italian Cultural Relations since the Renaissance (1998; 2nd, paperback edition, Routledge, 2000)^[12]
• The Stuart Portrait: Status and Legacy (with Godfrey Worsdale; Paul Holberton Publishing, 2001).
• The Evolution of English Collecting: Receptions of Italian Art during the Tudor and Stuart Periods (Yale University Press, 2003)^[13]
• Richard Eurich 1903–1992: A Visionary Artist (with Christine Clearkin, Paul Holberton, 2003)
• Introduction, updated bibliography and corrections to new edition of John Hale's England and the Italian Renaissance (Blackwell, Oxford 2005)
• Inigo Jones's 'Roman Sketchbook', 2 vols. (Roxburghe Club, 2006)
• William Rose: Tradition and an Individual Talent (Bath, 2009)
• The Jacobean Grand Tour: Early Stuart Travellers in Europe (with Timothy Wilks; I.B. Tauris, 2014).^[14]
• Genius Friend: G.B. Edwards and The Book of Ebenezer Le Page (Blue Ormer, 2015)^[15]
• Florence: A Traveller's Reader (Robinson, 2018)

• Edward Chaney – academia.edu profile and digital publications
• The Grand Tour; consultant editors Jeremy Black, Edward Chaney and Rosemary Sweet; Adam Matthew Digital, 2009.
• Obelisk: A History – History Today 60:1, 1 January 2010
• R.B. Kitaj (1932–2007): Warburgian Artist, emaj: online journal of art, 30 November 2013. Retrieved 1 October 2015.
• G.B. Edwards and The Book of Ebenezer Le Page (podcast) – interview with Edward Chaney about Gerald Edwards, The Book of Ebenezer Le Page, and his new biography, Genius Friend – Guille-Allès Library podcast
• 'The Guernsey Gattopardo' Archived 19 August 2016 at the Wayback Machine, The Island Review, 18 November 2015.
• '"Thy pyramids buylt up with newer might": Shakespeare and the Cultural Memory of Ancient Egypt', Aegyptiaca; Journal of the History of Reception of Ancient Egypt, No. 5 (2020), pp. 263–344.