Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (734 Rentals)

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The Clark
$3,220 - $3,380
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$3,220 - $3,380
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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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  • 3D Tour

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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Hubbard Place
Rent Specials
$2,305 - $5,441
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$2,305 - $5,441
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Studio to 2 Bedroom Apartments Available Now

Hubbard Place

360 W Hubbard StChicago, IL 60654
Luxury
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Lake and Wells
Rent Specials
$2,310 - $4,349
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$2,310 - $4,349
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Studio to 2 Bedroom Apartments Available Now

Lake and Wells

210 N Wells StChicago, IL 60606
Corporate Housing
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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One Superior Place
$2,462 - $4,576
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$2,462 - $4,576
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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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  • Customer Reviewed
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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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1225 Old Town
Rent Specials
$2,395 - $6,444
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$2,395 - $6,444
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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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State and Grand
Rent Specials
$2,942 - $7,121
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$2,942 - $7,121
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1 to 3 Bedroom Apartments Available Now

State and Grand

505 N State StChicago, IL 60654
Corporate Housing
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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

Learn about the best places to live near major employers in Chicago with original content written by our Local Expert Nicole Harms

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Magnificent Mile, Chicago, IL Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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How a Move-In Inspection Can Protect Your Security Deposit

Learn How a Move-In Inspection Can Protect Your Security Deposit from the Renter University at AparmentHomeLiving.com.

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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

How much are Studio apartments in Magnificent Mile?

There are currently 324 Studio Apartments in Magnificent Mile with rent ranges from $1,105 to $4,711 with an average price of $2,447.

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 $1,530 to $11,280 with an average monthly rent of $3,068.

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 $2,025 to $20,685. Today's average rental price for Two Bedrooms here is $4,683.

How expensive are Magnificent Mile Three Bedroom Apartments?

There are currently 163 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $2,995 to $38,481 - averaging $9,184 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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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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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

Written by: Lauren Harrington

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

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.