Studio Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (208 Rentals)Page 4 of 5
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 | $2,662 | $1,105 | $8,000 |
Magnificent Mile 1 Bedroom Apartments | $3,489 | $1,375 | $10,000+ |
Magnificent Mile 2 Bedroom Apartments | $5,429 | $1,407 | $10,000+ |
Magnificent Mile 3 Bedroom Apartments | $8,522 | $1,626 | $10,000+ |
Magnificent Mile 4 Bedroom Apartments | $21,999 | $7,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 208 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
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Getting Around the Magnificent Mile Neighborhood in Chicago, IL
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
98 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,225.
How much is the average rent for a Studio Magnificent Mile Apartment?
The average rent for a Studio Apartment in Magnificent Mile is $2,662.
What is the largest available Studio Magnificent Mile Apartment for rent?
Today's apartment with the most square footage in Magnificent Mile is a 874 square feet unit starting from $2,627 at Lake and Wells.
What is the average size for Magnificent Mile Studio Apartments for rent?
The average size for a Studio rental in Magnificent Mile is currently 538 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.