Cheap Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $800 (65 Rentals) Page 2 of 2

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Search the lowest-cost Apartments available for rent right now in the Magnificent Mile area of Chicago.

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Sedgwick Apartments
2 to 3 Bedroom Apartments

Sedgwick Apartments

414 W Goethe StChicago, IL 60610
  • Utilities Included
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Atrium at Old Town Park
Studio to 2 Bedroom Apartments

Atrium at Old Town Park

303 W Division StChicago, IL 60610
  • Utilities Included
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MDA Apartments
Studio to 2 Bedroom Apartments

MDA Apartments

63 E Lake StChicago, IL 60601
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204 W Hill Street
Studio to 3 Bedroom Apartments

204 W Hill Street

204 W Hill StChicago, IL 60610
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1100 N Dearborn
Studio to 2 Bedroom Apartments

1100 N Dearborn

1100 N Dearborn StChicago, IL 60610
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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10 West Elm
Studio to 1 Bedroom Apartments

10 West Elm

10 W Elm StChicago, IL 60610
  • Utilities Included
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20 E. Scott Street
Studio to 1 Bedroom Apartments

20 E. Scott Street

20 E Scott StChicago, IL 60610
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Two East Oak
Studio to 3 Bedroom Apartments

Two East Oak

2 E Oak StChicago, IL 60611

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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200 N. Dearborn St.
Studio to 2 Bedroom Apartments

200 N. Dearborn St.

200 N Dearborn StChicago, IL 60601
  • Utilities Included
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Paper Box Lofts
Studio to 3 Bedroom Apartments

Paper Box Lofts

153 W Ohio StChicago, IL 60654
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Morningside South
1 Bedroom Apartments

Morningside South

171 W Oak StChicago, IL 60610
Senior Living
  • Utilities Included

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

Frequently Asked Questions about Cheap Magnificent Mile Apartments

What is the Cheapest Studio apartment in Magnificent Mile?

Currently the most affordable Cheap Studio Apartment in Magnificent Mile is at 11 W. Division listed at $1,365.

How much is rent for a Cheap One Bedroom Magnificent Mile Apartment?

The lowest price for a Cheap One Bedroom Magnificent Mile Apartment is $1,230 at Maple.

What is the lowest price for a Cheap Two Bedroom Magnificent Mile Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Magnificent Mile is starting from $2,800 at 440 N. Wabash Ave..

What is the most affordable Magnificent Mile Three Bedroom Apartment?

The best deal on a cheap Magnificent Mile Three Bedroom Apartment rental is at Parkline Chicago and starts from $12,450.

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

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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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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.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

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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.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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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

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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.

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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.

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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.

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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.