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$1,8201 Bedroom Apartments Available Mar 4
215 W Lake St
215 W Lake StChicago, IL 60606
Cheap Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $800 (102 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Magnificent Mile area of Chicago.
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$1,8302 Bedroom Apartments Available Feb 24
61 W Erie St
61 W Erie StChicago, IL 60654
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$1,850
Total Monthly Price
Studio Apartment Available May 1Total Monthly Price
Base Rent
$1,850
Total Monthly Price
$1,850
1023 N Dearborn St, Unit Studio
1023 N Dearborn StChicago, IL 60610
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$1,8501 Bedroom Apartments Available Mar 4
201 N Garland Ct
201 N Garland CtChicago, IL 60601
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Rent Specials
$1,850 - $5,525Studio to 3 Bedroom Apartments Available Now
The Ardus
676 N La Salle DrChicago, IL 60654
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$1,859 - $2,234Studio to 1 Bedroom Apartments Available Now
20 E Scott
20 E Scott StChicago, IL 60610
201 N Garland Ct
ChicagoIL60601
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$1,8701 Bedroom Apartments Available Mar 3
210 N Wells St
210 N Wells StChicago, IL 60606
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Rent Specials
$1,875 - $3,130Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
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$1,8801 Bedroom Apartments Available Mar 5
201 N Garland Ct
201 N Garland CtChicago, IL 60601
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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$1,8801 Bedroom Apartments Available Mar 4
210 N Wells St
210 N Wells StChicago, IL 60606
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$1,896 - $23,973Studio to 4 Bedroom Apartments Available Now
ONE Old Town Park
1140 N Wells StChicago, IL 60610
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$1,910 - $4,005Studio to 3 Bedroom Apartments Available Now
Axis Apartments and Lofts
441 E Erie StChicago, IL 60611
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$1,940Studio Apartments Available Jun 14
200 E Chestnut St
200 E Chestnut StChicago, IL 60611
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$1,965 - $3,895Studio to 3 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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Rent Specials
$1,968 - $3,843Studio to 2 Bedroom Apartments Available Now
1133 North Dearborn
1133 N Dearborn StChicago, IL 60610
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$1,973 - $3,728Studio to 2 Bedroom Apartments Available Now
Columbus Plaza
233 E Wacker DrChicago, IL 60601
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$1,980 - $5,062Studio to 3 Bedroom Apartments Available Now
Century Tower
182 W Lake StChicago, IL 60601
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$1,9851 Bedroom Apartments Available Now
469 E Ohio St
469 E Ohio StChicago, IL 60611
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$1,9901 Bedroom Apartments Available Jan 1, 2027
535 N St Clair St
535 N St Clair StChicago, IL 60611
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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$1,995 - $2,295
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,995 - $2,295
Total Monthly Price
$1,995 - $2,295
1435 N Dearborn St
1435 N Dearborn StChicago, IL 60610
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Rent Specials
$1,999 - $4,110Studio to 2 Bedroom Apartments Available Now
Cobbler Square Lofts
1350 N WellsChicago, IL 60610
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1 to 2 Bedroom Apartments
25 W Hubbard St
25 W Hubbard StChicago, IL 60654
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Studio to 1 Bedroom Apartments
1430 N Dearborn St
1430 N Dearborn StChicago, IL 60610
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1 Bedroom Apartments
Maple
150 W Maple StChicago, IL 60610
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Studio to 2 Bedroom Apartments
211 E. Ohio St.
205-215 E Ohio StChicago, IL 60611
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Studio Apartments
11 W. Division
11 W Division StChicago, IL 60610
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1 Bedroom Apartments
1162 - 1168 N La Salle Blvd
1162-1168 N La Salle BlvdChicago, IL 60610
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Studio Apartments
211 E. Delaware
211 E Delaware PlChicago, IL 60611
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Studio to 1 Bedroom Apartments
1355 N. Dearborn Street
1355 N Dearborn StChicago, IL 60610
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Studio to 1 Bedroom Apartments
1036 N. Dearborn
1036 N Dearborn StChicago, IL 60610
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Studio to 3 Bedroom Apartments
55 E Erie St
55 E Erie StChicago, IL 60611
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Studio to 3 Bedroom Apartments
600 N Lake Shore Dr
600 N Lake Shore DrChicago, IL 60611
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Studio to 1 Bedroom Apartments
The Oliver on LaSalle
1140 N Lasalle StChicago, IL 60610
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Studio Apartments
1347 N Dearborn
1347 N DearbornChicago, IL 60610
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Studio to 1 Bedroom Apartments
35 E Division St
35 E Division StChicago, IL 60610
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2 to 3 Bedroom Apartments
Sedgwick Apartments
414 W Goethe StChicago, IL 60610
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Studio to 2 Bedroom Apartments
18 E. Elm
18 E Elm StChicago, IL 60611
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Studio to 2 Bedroom Apartments
Atrium at Old Town Park
303 W Division StChicago, IL 60610
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Studio to 2 Bedroom Apartments
Randolph Tower City Apartments
188 W Randolph StChicago, IL 60601
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Studio to 3 Bedroom Apartments
204 W Hill Street
204 W Hill StChicago, IL 60610
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Studio to 2 Bedroom Apartments
1100 N Dearborn
1100 N Dearborn StChicago, IL 60610
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Studio to 2 Bedroom Apartments
1350 North Lake Shore Drive
1350 N Lake Shore DrChicago, IL 60610
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Studio to 1 Bedroom Apartments
10 West Elm
10 W Elm StChicago, IL 60610
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Studio to 2 Bedroom Apartments
The Tides at Lakeshore East
360 E South Water StChicago, IL 60601
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Studio to 3 Bedroom Apartments
Two East Oak
2 E Oak StChicago, IL 60611
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1 Bedroom Apartments
1425 N Dearborn St
1425 N Dearborn StChicago, IL 60610
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Studio to 4 Bedroom Apartments
THREE Old Town Park
228 W Hill StChicago, IL 60610
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Studio to 3 Bedroom Apartments
1344 N. Dearborn St.
1344 N Dearborn StChicago, IL 60610
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Studio to 2 Bedroom Apartments
200 N. Dearborn St.
200 N Dearborn StChicago, IL 60601
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 | $2,500 | $1,105 | $5,147 |
| Magnificent Mile 1 Bedroom Apartments | $3,022 | $1,410 | $10,000+ |
| Magnificent Mile 2 Bedroom Apartments | $4,426 | $1,790 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $10,114 | $2,995 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $22,919 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 102 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
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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 $1,465.
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 $24,981.
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 14 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 $163 which is $24,818 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.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.
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.