2 Bedroom Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (345 Rentals)

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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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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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Navigating the Rental Market: Tips for First-Time Renters

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Chicago's Best Affordable Neighborhoods

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Magnificent Mile, Chicago, IL Local Guide

Largest Available Magnificent Mile 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in the Magnificent Mile area of Chicago, IL is found at 61 Banks Street and is listed at 1,822 square feet priced from $8,795. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
61 Banks StreetResidences 07 (2BR/2BA)1,822 Sq Ft$8,795
One ChicagoCB4A1,561 Sq Ft$8,191
871 N FranklinB41,464 Sq Ft$5,617
North Harbor TowerC31,420 Sq Ft$4,390
Arrive StreetervillePH1-29111,407 Sq Ft$4,069
Axis Apartments and LoftsTwo Bedroom Deluxe1,397 Sq Ft$3,880
One Bennett Park2 Bedroom / 2 Bathroom1,200 Sq Ft$4,795
Lofts At River East2 Bedroom1,163 Sq Ft$3,620
The Gallery on Wells2 Bedrooms955 Sq Ft$3,956

Cheapest Available Magnificent Mile 2 Bedroom Apartments

Currently the lowest priced 2 Bedroom apartment unit Magnificent Mile of Chicago, IL is the 2 Bedroom / 2 Bathroom Model starting from $2,795 at 18 E. Elm. The average price for all 2 Bedroom apartments in Magnificent Mile is currently $5,249. Here is today’s list of the cheapest available 2 Bedroom options in the area:

Apartment ListingModel NamePriced From
18 E. Elm2 Bedroom / 2 Bathroom$2,795
Millennium Park Plaza2 Bedroom/2 Bathroom$2,895
320 N. Michigan2 Bedroom / 2 Bathroom$2,995
55 W. ChestnutTwo Bedroom$3,058
1120 N. LaSalle2 Bed 1 Bath$3,132
1000 N. LaSalleTwo Bedroom$3,199
1111 N. Dearborn St.Two Bedroom$3,240

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Magnificent Mile, Chicago, IL

Ranked #4

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, family-friendliness, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Magnificent Mile Neighborhood in Chicago, IL

Walk Score®

100 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

82 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

98 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 2 Bedroom Magnificent Mile Apartments

What is the Cheapest apartment in Magnificent Mile with 2 Bedroom?

Currently the most affordable 2 Bedroom in Magnificent Mile is at 18 E. Elm listed at $2,795.

How much is the average rent for a 2 Bedroom Magnificent Mile Apartment?

The average rent for a 2 Bedroom Apartment in Magnificent Mile is $5,249.

What is the largest available 2 Bedroom Magnificent Mile Apartment for rent?

Today's apartment with the most square footage in Magnificent Mile is a 1,822 square feet unit starting from $8,795 at 61 Banks Street.

What is the average size for Magnificent Mile 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Magnificent Mile is currently 1,409 sq ft.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.