Cheap Studio Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $1,295 (55 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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1120 N. LaSalle
$1,615 - $2,218
Total Monthly Price

Total Monthly Price

Base Rent
$1,615 - $3,616
Total Monthly Price
Varies
Studio Apartments Available Aug 1

1120 N. LaSalle

1120 LaSalle DrChicago, IL 60610
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  • Customer Reviewed
  • 3D Tour

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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1000 N. LaSalle
$1,750 - $1,986
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $3,561
Total Monthly Price
Varies
Studio Apartments Available Aug 1

1000 N. LaSalle

1000-1030 N LaSalle DrChicago, IL 60610
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55 W. Chestnut
$1,789 - $1,955
Total Monthly Price

Total Monthly Price

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$1,789 - $3,323
Total Monthly Price
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Studio Apartments Contact Us For Availability

55 W. Chestnut

55 W Chestnut StChicago, IL 60610
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1111 N. Dearborn
$1,824 - $2,129
Total Monthly Price

Total Monthly Price

Base Rent
$1,824 - $4,902
Total Monthly Price
Varies
Studio Apartments Available Jul 1

1111 N. Dearborn

1111 N Dearborn StChicago, IL 60610
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1430 N Dearborn St
Studio Apartments

1430 N Dearborn St

1430 N Dearborn StChicago, IL 60610
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Gold Coast
Studio Apartments

Gold Coast

1009-1015 N Clark StChicago, IL 60610
  • Utilities Included
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600 N Lake Shore Dr
Studio Apartments

600 N Lake Shore Dr

600 N Lake Shore DrChicago, IL 60611
Furnished
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55 E Erie St
Studio Apartments

55 E Erie St

55 E Erie StChicago, IL 60611
Corporate Housing
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35 E Division St
Studio Apartments

35 E Division St

35 E Division StChicago, IL 60610
  • Utilities Included
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1100 N Dearborn
Studio Apartments

1100 N Dearborn

1100 N Dearborn StChicago, IL 60610
  • Utilities Included
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10 West Elm
Studio Apartments

10 West Elm

10 W Elm StChicago, IL 60610
  • Utilities Included

Cash 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.

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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 $1,625.

What is the price of a cheap apartment in Magnificent Mile?

The cheapest apartment in Magnificent Mile is 11 W. Division which is listed at $1,295, while the average apartment in Magnificent Mile costs $16,519.

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 10 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 $171 which is $16,348 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.

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