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from $1,798Studio to 2 Bedroom Apartments Available Now
1120 N. LaSalle
1120 LaSalle DrChicago, IL 60610
Cheap Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $800 (97 Rentals)Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Magnificent Mile area of Chicago.
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from $1,805Studio to 2 Bedroom Apartments Available Now
Lake and Wells
210 N Wells StChicago, IL 60606
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from $1,830Studio to 2 Bedroom Apartments Available Jun 1
65 East Scott
65 E Scott StChicago, IL 60610
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from $1,840Studio to 3 Bedroom Apartments Available Now
Axis Apartments and Lofts
441 E Erie StChicago, IL 60611
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from $1,845Studio Apartment Available Jul 1
440 North McClurg Court, Unit 414
440 North McClurg CourtChicago, IL 60611
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from $1,850Studio to 2 Bedroom Apartments Available Jun 6
The Clark
1201 N Clark StChicago, IL 60610
200 N Dearborn St
ChicagoIL60601
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from $1,864Studio to 3 Bedroom Apartments Available Now
1111 N. Dearborn St.
1111 N Dearborn StChicago, IL 60610
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from $1,865Studio to 2 Bedroom Apartments Available Now
320 N. Michigan
320 N Michigan AveChicago, IL 60601
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from $1,875Studio to 3 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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from $1,8751 Bedroom Apartment Available Jul 1
1435 N Dearborn St, Unit 1D
1435 N Dearborn StChicago, IL 60610
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from $1,890Studio to 2 Bedroom Apartments Available Now
The Seneca Apartments
200 E Chestnut StChicago, IL 60611
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from $1,892Studio to 2 Bedroom Apartments Available Now
Cobbler Square Lofts
1350 N WellsChicago, IL 60610
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from $1,893Studio to 3 Bedroom Apartments Available Now
The Gallery on Wells
637 N Wells StChicago, IL 60654
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from $1,895Studio to 1 Bedroom Apartments Available Jun 3
The Ardus
676 N La Salle DrChicago, IL 60654
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from $1,8951 Bedroom Apartment Available Now
1447 N Dearborn St, Unit B2
1447 N Dearborn StChicago, IL 60610
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from $1,8951 Bedroom Apartment Available Now
1435 N Dearborn St, Unit b2
1435 N Dearborn StChicago, IL 60610
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from $1,8951 Bedroom Apartment Available Now
1435 N Dearborn St, Unit B2
1435 N Dearborn StChicago, IL 60610
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from $1,896Studio to 4 Bedroom Apartments Available Now
ONE Old Town Park
1140 N Wells StChicago, IL 60610
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from $1,900Studio to 2 Bedroom Apartments Available Now
Aqua at Lakeshore East
225 N Columbus DrChicago, IL 60601
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from $1,905Studio to 3 Bedroom Apartments Available Jun 8
Century Tower
182 W Lake StChicago, IL 60601
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from $1,925Studio to 1 Bedroom Apartments Available Now
The Bush Temple
800 N Clark StChicago, IL 60610
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from $1,925Studio Apartment Available Now
118 W Chicago Ave, Unit 1
118 W Chicago AveChicago, IL 60654
535 N Michigan Ave
ChicagoIL60611
1 E Scott St
ChicagoIL60610
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from $1,964Studio to 2 Bedroom Apartments Available Now
1133 North Dearborn
1133 N Dearborn StChicago, IL 60610
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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 | $2,729 | $1,105 | $10,000+ |
| Magnificent Mile 1 Bedroom Apartments | $3,532 | $1,375 | $10,000+ |
| Magnificent Mile 2 Bedroom Apartments | $5,199 | $1,407 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,350 | $1,626 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $25,383 | $7,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 97 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
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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 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 $1,395.
What is the price of a cheap apartment in Magnificent Mile?
The cheapest apartment in Magnificent Mile is 1162 - 1168 N La Salle Blvd which is listed at $1,375, while the average apartment in Magnificent Mile costs $16,519.
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 10 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 $201 which is $16,318 cheaper than the average rent for all rentals in Magnificent Mile.
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.
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.
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.
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.
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.