
Luxury Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (313 Rentals)
The most luxurious Apartments in the Magnificent Mile area of Chicago with high-end amenities, features, and finishes.


The Scott Residences

Millie On Michigan

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Marlowe

ONE Old Town Park

1325 N Wells Apartments

Total Monthly Price
The Clark

Residences at 8 East Huron

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Next Apartments

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Marquee at Block 37
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
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The Archer

Two West Delaware

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West77 Apartments

North Water Apartments

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AMLI River North

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Hubbard Place

Coast at Lakeshore East

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Lake and Wells

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Flair Tower Apartments

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

Aqua at Lakeshore East

750 N. Rush

Cascade

North Harbor Tower

MDA Apartments

14 West Elm Apartments

The Seneca Apartments

Arrive Streeterville

ReNew Waterside
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.

868 N. Wells

920 N Wells

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AMLI 808

One Bennett Park

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State and Grand

Cobbler Square Lofts

Lofts At River East

500 Lake Shore Drive

Lake Shore Plaza

Asbury Plaza
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871 N Franklin

Than Tower

369 Grand by Onni

465 North Park

The Sinclair

Aurelien

Chateau on Wells

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1225 Old Town

73 East Lake

The Deco North Lake Shore
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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 | $2,439 | $1,105 | $5,076 |
| Magnificent Mile 1 Bedroom Apartments | $3,057 | $1,600 | $10,000+ |
| Magnificent Mile 2 Bedroom Apartments | $4,584 | $2,025 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,037 | $2,995 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $18,473 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 313 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
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Magnificent Mile, Chicago, IL Local Guide
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals in areas across the United States, including Chicago. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Luxury Living Rating
Magnificent Mile has established a name for itself as one of our favorite high-end communities in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, proximity to great shopping areas, park access, and amenities like granite countertops, range hoods, and high-end appliances. Luxury neighborhoods also often offer tile, hardwood, and fine carpeting, access to sports facilities like golf, raquetball, and tennis, and a full-time security staff or doorman.
Frequently Asked Questions about Magnificent Mile
How much are Studio apartments in Magnificent Mile?
There are currently 329 Studio Apartments in Magnificent Mile with rent ranges from $1,105 to $5,076 with an average price of $2,439.
What is the current price range for One Bedroom Magnificent Mile Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Magnificent Mile ranges from $1,600 to $11,280 with an average monthly rent of $3,057.
What does renting a Two Bedroom Apartment in Magnificent Mile cost?
The monthly rent prices of Two Bedroom Apartments currently available in Magnificent Mile range from $2,025 to $18,797. Today's average rental price for Two Bedrooms here is $4,584.
How expensive are Magnificent Mile Three Bedroom Apartments?
There are currently 162 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $2,995 to $38,481 - averaging $9,037 for the location.
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.