
4 Bedroom Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (28 Rentals)


Two West Delaware

369 Grand by Onni

The Sinclair

Parkline Chicago

Total Monthly Price
22 E Elm St, Unit SI ID1364276P

116 W Chestnut St
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

116-120 Chestnut Properties

630 N State St

Parc Chestnut

Drake Tower

1242 N Lake Shore Dr

The Regatta

1430 N Lake Shore Dr
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Fordham

Cirrus Condominiums

1338 N La Salle Dr

65-67 W Chestnut St

1448 N Lake Shore Dr

One Magnificent Mile

The Pearson
Renting Smart: Lease Basics Every Renter Needs
Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

65 E Goethe St

The Palmolive Condos

1420 N Lake Shore Drive

Chestnut Row Homes

851 N LaSalle St

61 Banks Street

THREE Old Town Park
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.
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 | $2,512 | $1,295 | $4,824 |
| Magnificent Mile 1 Bedroom Apartments | $3,174 | $1,600 | $8,128 |
| Magnificent Mile 2 Bedroom Apartments | $4,894 | $2,200 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,218 | $3,295 | $10,000+ |
Magnificent Mile 4 Bedroom Apartments | $18,641 | $5,295 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
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Magnificent Mile, Chicago, IL Local Guide
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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
Read ArticleA 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
Read ArticleReal 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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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.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Chicago, IL. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Family-Friendly Rating
A family-friendly rental community may be just the ticket if you have little ones when you rent. Magnificent Mile is a top neighborhood 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-rated education.
Frequently Asked Questions about Magnificent Mile
How much are Studio apartments in Magnificent Mile?
There are currently 303 Studio Apartments in Magnificent Mile with rent ranges from $1,295 to $4,824 with an average price of $2,512.
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 $1,600 to $8,128 with an average monthly rent of $3,174.
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 $18,797. Today's average rental price for Two Bedrooms here is $4,894.
How expensive are Magnificent Mile Three Bedroom Apartments?
There are currently 159 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $3,295 to $38,481 - averaging $9,218 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

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.

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.

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.

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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.