
Cheap Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $800 (87 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Magnificent Mile area of Chicago.


420 E Ohio St, Unit SI FL35-ID582

Marina City

Total Monthly Price
1356 N Dearborn St, Unit 16B, Unit 16B

1430 N Dearborn Pkwy

1313 N Ritchie Ct

Millennium Park Plaza

Arrive Streeterville

Elm Street Plaza
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.

320 N. Michigan

1100 N Dearborn St

188 N Wells St, Unit SI FL2-ID1235

25 W Hubbard St

1430 N Dearborn St

Maple

211 E. Ohio St.

1162 - 1168 N La Salle Blvd

The Oliver on LaSalle
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.

1355 N. Dearborn Street

600 N Lake Shore Dr

55 E Erie St

1347 N Dearborn

35 E Division St

Sedgwick Apartments

Randolph Tower City Apartments

1100 N Dearborn

204 W Hill Street
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.

Atrium at Old Town Park

10 West Elm

The Tides at Lakeshore East

Two East Oak

1425 N Dearborn St

THREE Old Town Park

1344 N. Dearborn St.

200 N. Dearborn St.

Paper Box Lofts
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

Morningside South
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 | $2,444 | $1,105 | $4,763 |
| Magnificent Mile 1 Bedroom Apartments | $3,058 | $1,530 | $10,000+ |
| Magnificent Mile 2 Bedroom Apartments | $4,670 | $2,025 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,254 | $2,995 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $21,863 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 87 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 the Cheapest Studio apartment in Magnificent Mile?
Currently the most affordable Cheap Studio Apartment in Magnificent Mile is at 11 W. Division listed at $1,215.
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 $2,745 at 18 E. Elm.
What is the most affordable Magnificent Mile Three Bedroom Apartment?
The best deal on a cheap Magnificent Mile Three Bedroom Apartment rental is at Millennium Park Plaza and starts from $3,875.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.