
Cheap Homes for Rent in Magnificent Mile Neighborhood of Chicago, IL from $1,300 (176 Rentals) Page 2 of 4
Search the lowest-cost Homes available for rent right now in the Magnificent Mile area of Chicago.


21 W Goethe St, Unit 17C

30 E Division St

1435 N Dearborn St, Unit B2

14 W Chestnut St

152 W Superior St, Unit 4R

111 E Chestnut St, Unit 23b
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

401 E Ontario St, Unit 2537

755 N Wells St, Unit 2

1122 N Clark St, Unit 1122

850 N Dewitt Pl, Unit 22F

21 W Goethe St, Unit 6E

535 N Michigan Ave

1455 N Sandburg Terrace

864 N Wabash Ave

400 E Randolph St, Unit 2521
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

1435 N Dearborn St

233 E Erie St, Unit 1506

1226 N Dearborn St, Unit 33C

233 E Erie St

474 N Lake Shore Dr

111 E Chestnut St, Unit 10E

535 N Michigan Ave, Unit 2507

405 N WABASH, Unit 315

200 N Dearborn St

474 N Lake Shore Dr, Unit 4401

230 E Ontario St, Unit 1704

300 N State St, Unit 3826

1035 N Dearborn St, Unit 09B

10 E Ontario, Unit 1710

300 N State St, Unit 3826

400 N La Salle Dr

746 N Dearborn St

150 N Wells St

216 N Wells St, Unit 1402

440 N Wabash Ave, Unit 01707

163 W Division St

1220 N La Salle Dr

216 W Chicago Ave

210 W Hubbard St

826 N Wells St

545 N Dearborn St, Unit 1305

211 E Ohio St, Unit 1712

200 N Dearborn St, Unit 04503
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 Homes for Rent | $4,218 | $2,400 | $10,000+ |
Magnificent Mile 3 Bedroom Homes for Rent | $8,074 | $3,800 | $10,000+ |
Magnificent Mile 4 Bedroom Homes for Rent | $14,372 | $6,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 176 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 597 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,105 to $77,776. There are also 655 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,395 to $30,000.
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 $1,395 to $30,000 with an average monthly rent of $6,247.
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 $1,626 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,800 to $30,000. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $7,000.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.