
Cheap 1 Bedroom Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $1,600 (23 Rentals)


Dearborn North

1330 N Dearborn

55 W. Chestnut

18 E. Elm

Park Dearborn

Total Monthly Price
211 E Ohio st., Unit 305, Unit 305
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The Bush Temple

1000 N. LaSalle

1036 N. Dearborn

Columbus Plaza

Total Monthly Price
1136 N La Salle Dr

25 W Hubbard St

Maple
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211 E. Ohio St.

1162 - 1168 N La Salle Blvd

Atrium at Old Town Park

Two East Oak

1425 N Dearborn St

200 N. Dearborn St.

600 N Lake Shore Dr
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55 E Erie St

Morningside South
Magnificent Mile, Chicago, IL Local Guide

How much does it cost to rent an apartment in Magnificent Mile?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnificent Mile Studio Apartments | $2,527 | $1,245 | $8,000 |
Magnificent Mile 1 Bedroom Apartments | $3,144 | $1,600 | $10,000+ |
| Magnificent Mile 2 Bedroom Apartments | $4,820 | $2,200 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,266 | $2,895 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $28,968 | $10,000 | $10,000+ |
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Frequently Asked Questions about Cheap Magnificent Mile Apartments
What is a cheap apartment in Magnificent Mile?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Magnificent Mile is under $1,550.
What is the price of a cheap apartment in Magnificent Mile?
The cheapest apartment in Magnificent Mile is Maple which is listed at $1,230, while the average apartment in Magnificent Mile costs $27,044.
What types of apartments are the cheapest in Magnificent Mile?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in Magnificent Mile that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Magnificent Mile?
Cheap apartments in Magnificent Mile have an average cost of $161 which is $26,883 cheaper than the average rent for all rentals in Magnificent Mile.
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.
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