
Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL Under $2,000 (80 Rentals)


1100 North Lasalle

MDA Apartments

14 West Elm Apartments

The Seneca Apartments

Arrive Streeterville

The Deco North Lake Shore

1133 N. Dearborn

40 East Oak

Axis Apartments and Lofts
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.

Columbus Plaza

Park Dearborn

Dearborn North

Dearborn Plaza

Marina City

1120 N. LaSalle

The Ardus

The Bush Temple

Gramercy Row Apartments

1330 N Dearborn
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

55 W. Chestnut

1000 N. LaSalle

20 E. Scott Street

440 N. Wabash Ave.

1111 N. Dearborn

Canterbury Court Apartments

244 E. Pearson

11 W. Division

18 E. Elm

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Pittsfield Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

211 E. Delaware

25 E. Delaware

Millennium Park Plaza

1164 N Dearborn

1036 N. Dearborn

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1314 N Dearborn St, Unit 3C

Total Monthly Price
1023 N Dearborn St, Unit M06H

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1160 N Dearborn St, Unit J04W

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1023 N Dearborn St, Unit 4C

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1335 N Dearborn St, Unit 1347-506
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Total Monthly Price
1337 N Dearborn St, Unit A06C

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1427 N Dearborn St

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1154 N Dearborn St

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1160 N Dearborn St, Unit 216

52 W Elm St, Unit 1102

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1136 N La Salle Dr

420 E Ohio St

20 E Scott St

1164 N Dearborn St

1430 N Dearborn Pkwy
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.
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 | $2,439 | $1,105 | $5,076 |
| Magnificent Mile 1 Bedroom Apartments | $3,057 | $1,600 | $10,000+ |
| Magnificent Mile 2 Bedroom Apartments | $4,584 | $2,025 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,037 | $2,995 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $18,473 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 80 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 Magnificent Mile
How much are Studio apartments in Magnificent Mile?
There are currently 329 Studio Apartments in Magnificent Mile with rent ranges from $1,105 to $5,076 with an average price of $2,439.
What is the current price range for One Bedroom Magnificent Mile Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Magnificent Mile ranges from $1,600 to $11,280 with an average monthly rent of $3,057.
What does renting a Two Bedroom Apartment in Magnificent Mile cost?
The monthly rent prices of Two Bedroom Apartments currently available in Magnificent Mile range from $2,025 to $18,797. Today's average rental price for Two Bedrooms here is $4,584.
How expensive are Magnificent Mile Three Bedroom Apartments?
There are currently 162 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $2,995 to $38,481 - averaging $9,037 for the location.
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

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.

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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
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.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.