Cheap Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $800 (254 Rentals) Page 3 of 6

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

property at 360 W Illinois St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

360 W Illinois St

ChicagoIL60654
property at 1122 N Dearborn St

$2,200 - $2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $2,400
Total Monthly Price
$2,200 - $2,400

Studio To 1 Bedroom Condos for Rent

Available Now

1122 N Dearborn St

ChicagoIL60610
property at 333 W Hubbard St

$2,200 - $4,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $4,400
Total Monthly Price
$2,200 - $4,400

Studio To 2 Bedroom Condos for Rent

Available Now

333 W Hubbard St

ChicagoIL60654
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AMLI 808
$2,221 - $4,760
Total Monthly Price

Total Monthly Price

Base Rent
$2,221 - $4,760
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

AMLI 808

808 N Wells StChicago, IL 60610
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property at 5 N Wabash Ave

$2,225 - $2,575

1 To 2 Bedroom Rentals

Available Jun 1

5 N Wabash Ave

ChicagoIL60602
property at 152 W Superior St

$2,289

Total Monthly Price

Total Monthly Price

Base Rent
$2,289
Total Monthly Price
$2,289

Studio, 1 Bath Condo for Rent

Available Now

152 W Superior St, Unit 4R, Unit 4R

152 W Superior St
ChicagoIL60654
Showing Results 101-150, Page 3 of 6

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 $1,525.

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 $18,591.

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 15 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 $188 which is $18,403 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

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.