Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL Under $2,000 (77 Rentals)

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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1133 N. Dearborn
$1,869 - $4,064
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$1,869 - $4,064
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Studio to 2 Bedroom Apartments Available Now

1133 N. Dearborn

1133 N Dearborn StChicago, IL 60610
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1120 N. LaSalle
$1,816 - $3,616
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$1,816 - $3,616
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Studio to 2 Bedroom Apartments Available Sep 1

1120 N. LaSalle

1120 LaSalle DrChicago, IL 60610
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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.

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55 W. Chestnut
$1,789 - $3,323
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$1,789 - $3,323
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Studio to 2 Bedroom Apartments Available Sep 1

55 W. Chestnut

55 W Chestnut StChicago, IL 60610
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1111 N. Dearborn
$1,824 - $4,902
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$1,824 - $4,902
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Studio to 3 Bedroom Apartments Available Now

1111 N. Dearborn

1111 N Dearborn StChicago, IL 60610
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1330 N Dearborn
$1,500 - $2,200
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$1,500 - $2,200
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Studio to 2 Bedroom Apartments Contact Us For Availability

1330 N Dearborn

1330 N Dearborn StChicago, IL 60610
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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

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!

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1000 N. LaSalle
$1,750 - $3,530
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$1,750 - $3,530
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Studio to 2 Bedroom Apartments Available Now

1000 N. LaSalle

1000-1030 N LaSalle DrChicago, IL 60610
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1350 N Dearborn St
$1,995 - $2,695
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$1,995 - $2,695
Total Monthly Price
$1,995 - $2,695
Studio to 1 Bedroom Apartment Available Now

1350 N Dearborn St

1350 N Dearborn StChicago, IL 60610
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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.

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21 W Goethe St, Unit 4E
$1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750
Studio Apartment Available Now

21 W Goethe St, Unit 4E

21 W Goethe StChicago, IL 60610
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1254 N Wells St, Unit 202
$1,725
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Total Monthly Price

Base Rent
$1,725
Total Monthly Price
$1,725
1 Bedroom Apartment Available Oct 1

1254 N Wells St, Unit 202

1254 N Wells StChicago, IL 60610
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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.

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Frequently Asked Questions about Magnificent Mile

How much are Studio apartments in Magnificent Mile?

There are currently 311 Studio Apartments in Magnificent Mile with rent ranges from $1,299 to $9,999 with an average price of $2,533.

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 $1,450 to $6,998 with an average monthly rent of $3,102.

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 $14,435. Today's average rental price for Two Bedrooms here is $4,680.

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 $4,345 to $38,481 - averaging $9,311 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

decorative image for The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago article

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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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

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.