close
View Me
$1,906 - $3,405Studio 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 (149 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in the Magnificent Mile area of Chicago.
close
View Me
close
View Me
Rent Specials
$1,914 - $5,525Studio to 3 Bedroom Apartments Available Now
The Ardus
676 N La Salle DrChicago, IL 60654
close
View Me
Rent Specials
$1,920 - $3,807Studio to 2 Bedroom Apartments Available Now
1133 North Dearborn
1133 N Dearborn StChicago, IL 60610
close
View Me
close
View Me
637 N Wells St
ChicagoIL60654
1220 N La Salle Dr
ChicagoIL60610
close
View Me
$1,955 - $3,993Studio to 2 Bedroom Apartments Available Now
Lake and Wells
210 N Wells StChicago, IL 60606
close
View Me
$1,9701 Bedroom Apartment Available Jan 23, 2026
750 N Rush St, Unit FL16-ID270
750 N Rush StChicago, IL 60611
close
View Me
close
View Me
$1,9781 Bedroom Apartment Available Now
1136 N La Salle Dr, Unit 207
1136 N La Salle DrChicago, IL 60610
close
View Me
$1,980Studio Apartments Available Feb 10, 2026
1400 N Lake Shore Dr
1400 N Lake Shore DrChicago, IL 60610
close
View Me
$1,982 - $4,233Studio to 2 Bedroom Apartments Available Now
Cityfront Place
400 N McClurg CtChicago, IL 60611
close
View Me
$1,9951 Bedroom Apartment Available Now
1421 N Dearborn St, Unit 1425-2D
1421 N Dearborn StChicago, IL 60610
close
View Me
$1,9951 Bedroom Apartment Available Now
1435 N Dearborn St, Unit 4B
1435 N Dearborn StChicago, IL 60610
close
View Me
$1,9951 Bedroom Apartment Available Now
1435 N Dearborn St, Unit B4
1435 N Dearborn StChicago, IL 60610
1100 N Dearborn St
ChicagoIL60610
close
View Me
close
View Me
close
View Me
$2,0001 Bedroom Apartment Available Now
26 W Chestnut St, Unit 108-304
26 W Chestnut StChicago, IL 60610
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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 | $2,446 | $1,105 | $8,000 |
| Magnificent Mile 1 Bedroom Apartments | $3,002 | $1,400 | $7,339 |
| Magnificent Mile 2 Bedroom Apartments | $4,521 | $1,700 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,131 | $2,220 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $22,143 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 149 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Let everyone know!
Do you know the Magnificent Mile area?
If you’re an expert on all things Magnificent Mile, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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®
81 / 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 $1,425.
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 $31,594.
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 26 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 $164 which is $31,430 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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.