
Cheap Condos for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $1,500 (189 Rentals) Page 3 of 4
Search the lowest-cost Condos available for rent right now in the Magnificent Mile area of Chicago.


834 N La Salle St

816 N La Salle Dr

1442 N Dearborn St, Unit E13

401 N Clark St

322 W Evergreen Ave, Unit 1

220 W Institute Pl

22 N State St, Unit 43c

663 N State St, Unit 911

440 N McClurg Ct
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

804 N La Salle Dr

784 N La Salle Dr

789 N La Salle Dr

199 W Hubbard St

809 N Wells St

220 W Hubbard St

575 N State St

474 N Lake Shore Dr, Unit 5603

167 W Superior St

158 W Superior St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

474 N Lake Shore Dr, Unit 5109

474 N Lake Shore Dr, Unit High floor 1 bed

474 N Lake Shore Dr, Unit 5109

474 N Lake Shore Dr, Unit # 05109

170 W Chicago Ave

474 N Lake Shore Dr, Unit 5109

474 N Lake Shore Dr

401 E Ontario St

175 E Delaware Pl

358 W Chestnut St
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.

336 W Chestnut St

832 N Orleans St

5 W Chestnut St

460 N State St

499 N State St, Unit 3402

300 N State St, Unit 4708

300 N State St, Unit 4708

300 N State St, Unit 4708

1538 N Dearborn St, Unit B4

1435 N Dearborn St, Unit A4
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.

1429 N Dearborn St, Unit 3B

730 N Wabash Ave, Unit 908

211 E Wacker Dr

1300 N lake shore Dr, Unit 10B

340 E Ohio St

216 N Wells St

420 E Waterside Dr

300 N State St, Unit 5903

539 N State St, Unit 3402

838 N State St, Unit 5H
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 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 189 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.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
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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.
Articles, How-To's, and Tips

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.

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.

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.