
Cheap Studio Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $1,299 (60 Rentals) Page 2 of 2


204 W Hill Street

1100 N Dearborn

10 West Elm

20 E. Scott Street
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244 E. Pearson

River North Park Apartments

1350 North Lake Shore Drive

35 E Division

Paper Box Lofts
Chicago's Best Affordable Neighborhoods
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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 | $2,533 | $1,299 | $9,999 |
| Magnificent Mile 1 Bedroom Apartments | $3,102 | $1,450 | $6,998 |
| Magnificent Mile 2 Bedroom Apartments | $4,680 | $2,200 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,311 | $4,345 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $19,161 | $9,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
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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 $1,595.
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 $1,365, while the average apartment in Magnificent Mile costs $2,969.
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 14 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 $181 which is $2,788 cheaper than the average rent for all rentals in Magnificent Mile.
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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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