
Cheap Condos for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $1,400 (155 Rentals)
Search the lowest-cost Condos available for rent right now in the Magnificent Mile area of Chicago.


1164 N Dearborn St, Unit 415

1314 N Dearborn St, Unit 406

1023 N Dearborn St, Unit 504

1314 N Dearborn St, Unit 201

1366 N Dearborn St, Unit #406

1325 N Dearborn St

1329. N Dearborn, Unit C5

1446 N Dearborn St, Unit C4

1314 N Dearborn St, Unit 506
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
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1347 N Dearborn St, Unit 605

1329 N Dearborn St, Unit D4

1314 N Dearborn St, Unit 304

1314 N Dearborn, Unit 302

300 N State St

187 E Chestnut St

777 N Michigan Ave

1 E Scott St

535 N Michigan Ave

111 E Chestnut St
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111 E Chestnut St

1442 N Dearborn St, Unit B12

1442 N Dearborn St, Unit B10

1320 N Dearborn St

1244 N Dearborn St, Unit 3R

10 E Ontario St, Unit 1110

200 W Superior St, Unit 2706B

130 N Garland Ct

730 N Dearborn St

211 E Ohio St
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759 N Dearborn St, Unit 01-0204

777 N Michigan Ave, Unit 2305

111 W Chicago Ave

744 N Dearborn St

1140 N La Salle Dr, Unit 508

440 N Wabash Ave, Unit 01707

1122 N Clark St, Unit 1122

400 E Randolph St

201 W Ontario St

622 N Wells St
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106 W Chicago Ave, Unit 304

1442 N Dearborn St, Unit B61

1344 N Dearborn St, Unit 16B

700 N La Salle Dr

176 N Wells St

1122 N Dearborn St

200 N Dearborn St, Unit 04503

535 N michigan Ave, Unit 2507

216 N Wells St, Unit 1402

1455 N Sandburg Ter, Unit 1207
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Magnificent Mile, Chicago, IL Local Guide

How much does it cost to rent a home in Magnificent Mile?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnificent Mile 2 Bedroom Condos for Rent | $4,167 | $2,400 | $10,000+ |
| Magnificent Mile 3 Bedroom Condos for Rent | $8,894 | $3,600 | $10,000+ |
| Magnificent Mile 4 Bedroom Condos for Rent | $32,000 | $10,000 | $10,000+ |
| Magnificent Mile 5 Bedroom Condos for Rent | $25,000 | $10,000 | $10,000+ |
Browse Condos for Rent in this Neighborhood
There are currently 155 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
What type of rentals are currently available in Magnificent Mile?
There are currently 588 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,299 to $43,181. There are also 622 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,450 to $32,500.
What is the current price range for Rental Homes in Magnificent Mile?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnificent Mile ranges from $1,450 to $32,500 with an average monthly rent of $3,595.
How much are larger Three and Four Bedroom Rentals in Magnificent Mile?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Magnificent Mile range from $4,345 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,600 to $32,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $9,000.
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

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.

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

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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.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
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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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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.

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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.