1 Bedroom Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (375 Rentals)

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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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Hubbard Place
Rent Specials
$3,181 - $5,326
Total Monthly Price

Total Monthly Price

Base Rent
$2,411 - $7,184
Total Monthly Price
Varies
1 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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The Clark
$2,505
Total Monthly Price

Total Monthly Price

Base Rent
$2,545 - $3,005
Total Monthly Price
Varies
1 Bedroom Apartments Available Sep 27

The Clark

1201 N Clark StChicago, IL 60610
Student 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
$3,073 - $6,023
Total Monthly Price

Total Monthly Price

Base Rent
$2,252 - $6,153
Total Monthly Price
Varies
1 Bedroom Apartments Available Sep 19

AMLI 808

808 N Wells StChicago, IL 60610
Luxury
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State and Grand
Rent Specials
$2,421 - $2,966
Total Monthly Price

Total Monthly Price

Base Rent
$2,553 - $7,044
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

State and Grand

505 N State StChicago, IL 60654
Corporate Housing
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Lake and Wells
Rent Specials
$2,570 - $3,371
Total Monthly Price

Total Monthly Price

Base Rent
$2,373 - $4,769
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Lake and Wells

210 N Wells StChicago, IL 60606
Corporate Housing
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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
$3,428 - $3,800
Total Monthly Price

Total Monthly Price

Base Rent
$2,841 - $14,420
Total Monthly Price
$2,841 - $14,420
1 Bedroom Apartments Available Now

465 North Park

465 N Park DrChicago, IL 60611
Pet Friendly
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The Sinclair
$3,065 - $4,186
Total Monthly Price

Total Monthly Price

Base Rent
$2,519 - $15,121
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

The Sinclair

1201 N La Salle DrChicago, IL 60610
Pet Friendly
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1225 Old Town
$3,063 - $4,054
Total Monthly Price

Total Monthly Price

Base Rent
$2,417 - $6,956
Total Monthly Price
Varies
1 Bedroom Apartments Available Sep 1

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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Showing Results 1-50, Page 1 of 8

Magnificent Mile, Chicago, IL Local Guide

Largest Available Magnificent Mile 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in the Magnificent Mile area of Chicago, IL is found at Eight O Five and is listed at 1,307 square feet priced from $4,408. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
Eight O FiveA7PH Penthouse Residence1,307 Sq Ft$4,408
Cobbler Square LoftsEA11,172 Sq Ft$2,697
Flair Tower ApartmentsOne Bedroom Penthouse PH11,122 Sq Ft$3,750
Hubbard PlaceA9D1,110 Sq Ft$4,225
AMLI River NorthB5001,081 Sq Ft$3,768
The StreeterOne Bed W/Den Style (L)1,043 Sq Ft$4,205
640 North WellsOne Bedroom 04B995 Sq Ft$3,791
OneEleven1 Bed 1 Bath951 Sq Ft$3,827
127 Maple AveM3950 Sq Ft$2,600
Lofts At River East1 Bedroom795 Sq Ft$2,935

Cheapest Available Magnificent Mile 1 Bedroom Apartments

Currently the lowest priced 1 Bedroom apartment unit Magnificent Mile of Chicago, IL is the 1 Bedroom 1 Bathroom Model starting from $1,230 at Maple. The average price for all 1 Bedroom apartments in Magnificent Mile is currently $3,102. Here is today’s list of the cheapest available 1 Bedroom options in the area:

Apartment ListingModel NamePriced From
Maple1 Bedroom 1 Bathroom$1,230
1162 - 1168 N La Salle Blvd1168 N. LaSalle Dr.$1,590
18 E. Elm1 Bedroom 1 Bathroom$1,895
Millennium Park Plaza1 Bedroom/ 1 Bathroom$2,095
127 Maple AveL10$2,100
1111 N. Dearborn1-BR/1BA$2,162
100 W. Chestnut1-BR/1BA$2,177

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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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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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 comprehensive Lifestyle Ratings of rentals in cities and towns across the United States and customized analysis for Central Chicago, IL. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about 1 Bedroom Magnificent Mile Apartments

What is the Cheapest apartment in Magnificent Mile with 1 Bedroom?

Currently the most affordable 1 Bedroom in Magnificent Mile is at Maple listed at $1,230.

How much is the average rent for a 1 Bedroom Magnificent Mile Apartment?

The average rent for a 1 Bedroom Apartment in Magnificent Mile is $3,102.

What is the largest available 1 Bedroom Magnificent Mile Apartment for rent?

Today's apartment with the most square footage in Magnificent Mile is a 1,307 square feet unit starting from $4,408 at Eight O Five.

What is the average size for Magnificent Mile 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Magnificent Mile is currently 784 sq ft.

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

Written by: Nicole Harms

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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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

Written by: Robin Stewart

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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.