
Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL Under $2,000 (66 Rentals)


The Seneca Apartments

ONE Old Town Park

1100 North Lasalle

14 West Elm Apartments

Randolph Tower City Apartments

Elm Street Plaza

The Deco North Lake Shore

Total Monthly Price
1133 N. Dearborn

40 East Oak
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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.

Park Dearborn

Dearborn North

Dearborn Plaza

Total Monthly Price
1120 N. LaSalle

Marina City

Gramercy Row Apartments

Axis Apartments and Lofts

65 East Scott

Total Monthly Price
1111 N. Dearborn

Canterbury Court Apartments
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.

Total Monthly Price
55 W. Chestnut

244 E. Pearson

1344 N. Dearborn St.

1347 N Dearborn

Total Monthly Price
1000 N. LaSalle

18 E. Elm

Pittsfield Apartments

1164 N Dearborn

11 W. Division

1330 N Dearborn
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Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

1036 N. Dearborn

25 E. Delaware

211 E. Delaware

Total Monthly Price
1320 N Dearborn St, Unit 213

Total Monthly Price
1427 N Dearborn St

Total Monthly Price
1136 N La Salle Dr

Total Monthly Price
61 W Erie St, Unit SI FL2-ID1396

Total Monthly Price
61 W Erie St, Unit SI FL5-ID1412

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1236

1229 N Dearborn St
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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.

200 N. Dearborn St.

600 N Lake Shore Dr

55 E Erie St

211 E. Ohio St.

1425 N Dearborn St

204 W Hill Street

MDA Apartments

Morningside South

Paper Box Lofts

1350 North Lake Shore Drive
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!
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 | $2,512 | $1,295 | $4,824 |
| Magnificent Mile 1 Bedroom Apartments | $3,174 | $1,600 | $8,128 |
| Magnificent Mile 2 Bedroom Apartments | $4,894 | $2,200 | $10,000+ |
| Magnificent Mile 3 Bedroom Apartments | $9,218 | $3,295 | $10,000+ |
| Magnificent Mile 4 Bedroom Apartments | $18,641 | $5,295 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 66 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 303 Studio Apartments in Magnificent Mile with rent ranges from $1,295 to $4,824 with an average price of $2,512.
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 $8,128 with an average monthly rent of $3,174.
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 $2,200 to $18,797. Today's average rental price for Two Bedrooms here is $4,894.
How expensive are Magnificent Mile Three Bedroom Apartments?
There are currently 159 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $3,295 to $38,481 - averaging $9,218 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

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.

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.