
Cheap Homes for Rent in Magnificent Mile Neighborhood of Chicago, IL from $1,400 (175 Rentals) Page 3 of 4
Search the lowest-cost Homes available for rent right now in the Magnificent Mile area of Chicago.


1122 N Dearborn St

333 W Hubbard St

20 N State St, Unit 912

20 N State St, Unit 1139

200 N Dearborn St, Unit Condo

400 E Randolph St, Unit 3022

247 E Chestnut St

360 W Illinois St

400 E Randolph St
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.

1140 N La Salle Dr, Unit 417

70 W Huron St

501 N Kingsbury St

212E E Chestnut St

480 N McClurg Ct

544 N State St

99 W Illinois St, Unit 720

Total Monthly Price
750 N Rush St, Unit SI FL13-ID269

132 W Chicago Ave

337 W Chestnut St
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

202 W Institute Pl

300 N State St, Unit 3908

211 E Ohio St, Unit 2113

220 W Institute Pl

347 W Chestnut St, Unit 2506

222 W Randolph St

829 N Dearborn St

1030 N State St, Unit 5A

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1240

230 E Ontario St

106 W Chicago Ave

230 E Ontario St, Unit 804

400 E Randolph St, Unit 2316

208 W Washington St, Unit 1404

169 W Superior St

811 N La Salle Dr

729 N Wells St

897 N State St

777 N Clark St

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1239

736 N Dearborn St

735 N Dearborn St

834 N La Salle St

630 N State St

474 N Lake Shore Dr, Unit 5603

833 N Dearborn St

1455 N Sandburg Terrace

33 W Ontario St

347 W Chestnut St, Unit 1904

179 W Huron St
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 | $4,369 | $2,400 | $10,000+ |
| Magnificent Mile 3 Bedroom Homes for Rent | $7,847 | $4,650 | $10,000+ |
| Magnificent Mile 4 Bedroom Homes for Rent | $15,399 | $7,500 | $10,000+ |
| Magnificent Mile 5 Bedroom Homes for Rent | $24,300 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 175 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 567 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,295 to $48,409. There are also 592 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,495 to $35,000.
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 $1,495 to $35,000 with an average monthly rent of $9,452.
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 $3,295 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,650 to $22,000. Four Bedroom Single-Family rentals are also available starting from $7,500 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.
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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
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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
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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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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.

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.