Studio Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (319 Rentals)

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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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AMLI 808
$2,041 - $4,291
Total Monthly Price

Total Monthly Price

Base Rent
$2,041 - $5,913
Total Monthly Price
Varies
Studio Apartments Available Jul 18

AMLI 808

808 N Wells StChicago, IL 60610
Luxury
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1225 Old Town
$2,405 - $3,033
Total Monthly Price

Total Monthly Price

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$2,405 - $7,210
Total Monthly Price
Varies
Studio Apartments Available Jul 3

1225 Old Town

1225 N Wells StChicago, IL 60610
Corporate Housing
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Lake and Wells
$2,250 - $3,085
Total Monthly Price

Total Monthly Price

Base Rent
$2,420 - $4,769
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Studio Apartments Available Now

Lake and Wells

210 N Wells StChicago, IL 60606
Corporate Housing
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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.

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The Sinclair
$2,668 - $4,122
Total Monthly Price

Total Monthly Price

Base Rent
$2,788 - $14,820
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Studio Apartments Available Jul 24

The Sinclair

1201 N La Salle DrChicago, IL 60610
Pet Friendly
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OneEleven
Rent Specials
$2,609 - $3,294
Total Monthly Price

Total Monthly Price

Base Rent
$2,639 - $20,461
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Studio Apartments Available Now

OneEleven

111 W Wacker DrChicago, IL 60601
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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465 North Park
$2,645 - $3,230
Total Monthly Price

Total Monthly Price

Base Rent
$2,757 - $14,818
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Studio Apartments Available Now

465 North Park

465 N Park DrChicago, IL 60611
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Env Chicago
Rent Specials
$2,380 - $2,695
Total Monthly Price

Total Monthly Price

Base Rent
$2,423 - $6,931
Total Monthly Price
Varies
Studio Apartments Available Now

Env Chicago

161 W Kinzie StChicago, IL 60654
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 914 square feet priced from $3,116. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
Cobbler Square LoftsFS10914 Sq Ft$3,116
Lake and WellsC5736 Sq Ft$2,681
Optima SignatureTower 07730 Sq Ft$3,210
The Gallery on Wellsgacnv14b720 Sq Ft$2,870
Marquee at Block 37Studio x 21686 Sq Ft$2,461
Aqua at Lakeshore Eastaqv104d681 Sq Ft$3,042
465 North ParkStudio-Convertible-S4678 Sq Ft$3,160
The ArdusA1678 Sq Ft$2,495
MDA ApartmentsV5 - Historic670 Sq Ft$2,330
OneElevenStudio Alcove639 Sq Ft$3,439

Cheapest Available Magnificent Mile Studio Apartments

Currently the lowest priced Studio apartment unit Magnificent Mile of Chicago, IL is the Studio Model starting from $1,295 at 11 W. Division. The average price for all Studio apartments in Magnificent Mile is currently $2,512. Here is today’s list of the cheapest available Studio options in the area:

Apartment ListingModel NamePriced From
11 W. DivisionStudio$1,295
1036 N. DearbornStudio$1,375
25 E. DelawareStudio 1$1,425
211 E. DelawareStudio$1,445
18 E. ElmStudio$1,495
Park DearbornKitchenette$1,500
244 E. PearsonStudio$1,625
1347 N DearbornStudio$1,650

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 $1,295.

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

The average rent for a Studio Apartment in Magnificent Mile is $2,512.

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

Today's apartment with the most square footage in Magnificent Mile is a 914 square feet unit starting from $3,116 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 498 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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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.

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.