Studio Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (325 Rentals)

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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Hubbard Place
Rent Specials
$2,303 - $3,211
Total Monthly Price

Total Monthly Price

Base Rent
$2,411 - $7,184
Total Monthly Price
Varies
Studio Apartments Available Now

Hubbard Place

360 W Hubbard StChicago, IL 60654
Luxury
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Clark
$2,045
Total Monthly Price

Total Monthly Price

Base Rent
$2,545 - $3,005
Total Monthly Price
Varies
Studio Apartments Available Oct 11

The Clark

1201 N Clark StChicago, IL 60610
Student Housing
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AMLI 808
$2,252 - $4,870
Total Monthly Price

Total Monthly Price

Base Rent
$2,252 - $6,153
Total Monthly Price
Varies
Studio Apartments Available Sep 1

AMLI 808

808 N Wells StChicago, IL 60610
Luxury
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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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Lake and Wells
Rent Specials
$2,203 - $3,085
Total Monthly Price

Total Monthly Price

Base Rent
$2,373 - $4,769
Total Monthly Price
Varies
Studio Apartments Available Now

Lake and Wells

210 N Wells StChicago, IL 60606
Corporate Housing
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465 North Park
$2,729 - $3,300
Total Monthly Price

Total Monthly Price

Base Rent
$2,841 - $14,420
Total Monthly Price
$2,841 - $14,420
Studio Apartments Available Now

465 North Park

465 N Park DrChicago, IL 60611
Pet Friendly
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The Sinclair
$2,399 - $4,546
Total Monthly Price

Total Monthly Price

Base Rent
$2,519 - $15,121
Total Monthly Price
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Studio Apartments Available Now

The Sinclair

1201 N La Salle DrChicago, IL 60610
Pet Friendly
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1225 Old Town
$2,235 - $2,745
Total Monthly Price

Total Monthly Price

Base Rent
$2,417 - $6,956
Total Monthly Price
Varies
Studio Apartments Available Now

1225 Old Town

1225 N Wells StChicago, IL 60610
Corporate Housing
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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.

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OneEleven
Rent Specials
$2,409 - $2,982
Total Monthly Price

Total Monthly Price

Base Rent
$2,554 - $21,468
Total Monthly Price
Varies
Studio Apartments Available Now

OneEleven

111 W Wacker DrChicago, IL 60601
Luxury
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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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Showing Results 1-50, Page 1 of 7

Magnificent Mile, Chicago, IL Local Guide

Largest Available Magnificent Mile Studio Apartments

The largest available Studio apartment unit in the Magnificent Mile area of Chicago, IL is found at Cobbler Square Lofts and is listed at 932 square feet priced from $2,712. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
Cobbler Square LoftsAC9932 Sq Ft$2,712
Lake and WellsC3793 Sq Ft$2,810
MomentConvertible 11-Avenue769 Sq Ft$2,777
Marquee at Block 37Convertible x 16712 Sq Ft$2,637
The StreeterJr. One Bed Style (J)711 Sq Ft$2,950
AurelienGlisten702 Sq Ft$3,238
Wolf Point EastSC5697 Sq Ft$3,175
Aqua at Lakeshore Eastaqv104e681 Sq Ft$3,017
The ArdusA1678 Sq Ft$2,315
OneElevenStudio Alcove669 Sq Ft$2,834

Cheapest Available Magnificent Mile Studio Apartments

Currently the lowest priced Studio apartment unit Magnificent Mile of Chicago, IL is the Studio Model starting from $1,365 at 11 W. Division. The average price for all Studio apartments in Magnificent Mile is currently $2,533. Here is today’s list of the cheapest available Studio options in the area:

Apartment ListingModel NamePriced From
11 W. DivisionStudio$1,365
211 E. DelawareStudio$1,515
1036 N. DearbornStudio$1,535
Park DearbornKitchenette$1,550
1347 N DearbornStudio$1,595
The Oliver on LaSalleS07$1,640
Atrium at Old Town ParkStudio B$1,659

Best 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

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A 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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Chicago. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Studio Magnificent Mile Apartments

What is the Cheapest apartment in Magnificent Mile with Studio?

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

How much is the average rent for a Studio Magnificent Mile Apartment?

The average rent for a Studio Apartment in Magnificent Mile is $2,533.

What is the largest available Studio Magnificent Mile Apartment for rent?

Today's apartment with the most square footage in Magnificent Mile is a 932 square feet unit starting from $2,712 at Cobbler Square Lofts.

What is the average size for Magnificent Mile Studio Apartments for rent?

The average size for a Studio rental in Magnificent Mile is currently 524 sq ft.

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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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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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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.