
4 Bedroom Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (27 Rentals)


Two West Delaware

369 Grand by Onni

The Sinclair

Parkline Chicago

823 N Clark St
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.

29 S LaSalle St

116-120 Chestnut Properties

630 N State St

Parc Chestnut

1242 N Lake Shore Dr

420 E Waterside Dr
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!

Drake Tower

The Fordham

1430 N Lake Shore Dr

65-67 W Chestnut St

1448 N Lake Shore Dr

One Magnificent Mile
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.

The Pearson

211 N Harbor Dr

1338 N La Salle Dr

65 E Goethe St

The Palmolive Condos

1420 N Lake Shore Drive
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.

Chestnut Row Homes

THREE Old Town Park

61 Banks Street
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 | $2,516 | $1,105 | $5,255 |
| Magnificent Mile 1 Bedroom Apartments | $3,063 | $1,600 | $9,750 |
| Magnificent Mile 2 Bedroom Apartments | $4,514 | $2,110 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $10,697 | $3,875 | $10,000+ |
Magnificent Mile 4 Bedroom Apartments | $20,750 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Magnificent Mile, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Largest Available Magnificent Mile 4 Bedroom Apartments
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Parkline Chicago | Penthouse B | 2,643 Sq Ft | $12,300 |
Cheapest Available Magnificent Mile 4 Bedroom Apartments
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Parkline Chicago | Penthouse B | $12,300 |
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.
Read ArticleBest 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 ArticleThe 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.
Read ArticleCash 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.
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 ArticleQuick Rent Budget Calculator
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 312 Studio Apartments in Magnificent Mile with rent ranges from $1,105 to $5,255 with an average price of $2,516.
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 $9,750 with an average monthly rent of $3,063.
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 $2,110 to $21,222. Today's average rental price for Two Bedrooms here is $4,514.
How expensive are Magnificent Mile Three Bedroom Apartments?
There are currently 161 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $3,875 to $38,481 - averaging $10,697 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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.