Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (697 Rentals)

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The Clark
$2,545 - $3,015
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$2,545 - $3,015
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Studio to 1 Bedroom Apartments Available Now

The Clark

1201 N Clark StChicago, IL 60610
Student Housing
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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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West77 Apartments
$2,205 - $5,636
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$2,205 - $5,636
Total Monthly Price
$2,205 - $5,636
Studio to 3 Bedroom Apartments Available Now

West77 Apartments

77 W HuronChicago, IL 60654
Corporate Housing
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AMLI River North
Rent Specials
$2,348 - $9,957
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Total Monthly Price

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$2,348 - $9,957
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Studio to 3 Bedroom Apartments Available Now

AMLI River North

71 W Hubbard StChicago, IL 60654
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Hubbard Place
Rent Specials
$2,406 - $7,184
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$2,406 - $7,184
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Studio to 2 Bedroom Apartments Available Now

Hubbard Place

360 W Hubbard StChicago, IL 60654
Luxury
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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One Superior Place
$2,356 - $4,656
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Total Monthly Price

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$2,356 - $4,656
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Studio to 2 Bedroom Apartments Available Now

One Superior Place

1 W Superior StChicago, IL 60654
Corporate Housing
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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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AMLI 808
$2,252 - $5,232
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$2,252 - $5,232
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Studio to 2 Bedroom Apartments Available Sep 1

AMLI 808

808 N Wells StChicago, IL 60610
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State and Grand
Rent Specials
$2,553 - $7,044
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$2,553 - $7,044
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1 to 3 Bedroom Apartments Available Now

State and Grand

505 N State StChicago, IL 60654
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Lake and Wells
Rent Specials
$2,373 - $4,769
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$2,373 - $4,769
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Studio to 2 Bedroom Apartments Available Now

Lake and Wells

210 N Wells StChicago, IL 60606
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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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465 North Park
$2,880 - $13,734
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Total Monthly Price

Base Rent
$2,880 - $13,734
Total Monthly Price
$2,880 - $13,734
Studio to 3 Bedroom Apartments Available Now

465 North Park

465 N Park DrChicago, IL 60611
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The Sinclair
$2,507 - $14,655
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$2,507 - $14,655
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Studio to 4 Bedroom Apartments Available Now

The Sinclair

1201 N La Salle DrChicago, IL 60610
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1225 Old Town
Rent Specials
$2,417 - $6,931
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Total Monthly Price

Base Rent
$2,417 - $6,931
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Studio to 3 Bedroom Apartments Available Now

1225 Old Town

1225 N Wells StChicago, IL 60610
Corporate Housing
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Magnificent Mile, Chicago, IL Local Guide

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.

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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Magnificent Mile, Chicago, and the greater Chicago area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Family-Friendly Rating

Renting with kids? this area is a top submarket for families, with a score of 4.0 out of 4. Family Friendly communities have features that support parents and kids in having fun and being healthy together. This includes features like parks, recreation and A/V rooms, trails, and access to the best education and schools.

Outdoors Rating

For some, access to parks and outdoor amenities is critically important. This residential area has emerged as providing great access to the great outdoors, with a score of 4.0 out of 4.

Luxury Living Rating

Magnificent Mile ranks as amongst the finest luxury submarkets in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like racquetball and tennis courts, luxury pools, proximity to great shopping areas, gardens, nearby parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Luxury submarkets also often offer hardwood floors and fireplaces, access to sports facilities like golf, raquetball, and tennis, and for some communities, even a doorman to greet residents.

Pet Friendly Rating

Do you have furry friends? this neighborhood ranks highly for raising pets (dogs and cats), with a score of 4.0 out of 4.

Frequently Asked Questions about Magnificent Mile

What is the current pricing and availability for apartments for rent in the Magnificent Mile area of Chicago, IL?

As of today, August 25, 2026, there are currently 697 available Magnificent Mile apartments priced from $1,315 to $43,181, with an average monthly rent of $3,528.

How much are Studio apartments in Magnificent Mile?

There are currently 307 Studio Apartments in Magnificent Mile with rent ranges from $1,315 to $9,999 with an average price of $2,551.

What is the current price range for One Bedroom Magnificent Mile Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Magnificent Mile ranges from $1,450 to $6,994 with an average monthly rent of $3,089.

What does renting a Two Bedroom Apartment in Magnificent Mile cost?

The monthly rent prices of Two Bedroom Apartments currently available in Magnificent Mile range from $2,200 to $14,435. Today's average rental price for Two Bedrooms here is $4,684.

How expensive are Magnificent Mile Three Bedroom Apartments?

There are currently 158 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $4,345 to $38,481 - averaging $9,298 for the location.

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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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

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Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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

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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.