Cheap Homes for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $1,500 (233 Rentals) Page 3 of 5

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Search the lowest-cost Homes available for rent right now in the Magnificent Mile area of Chicago.

property at 1122 N Clark St

$2,050 - $3,750

Studio To 2 Bedroom Rentals

Available Now

1122 N Clark St

ChicagoIL60610
property at 501 N State St

$2,226 - $3,900

Studio To 2 Bedroom Rentals

Available Now

501 N State St

ChicagoIL60654
property at 70 W Huron St

$2,230 - $3,965

Total Monthly Price

Total Monthly Price

Base Rent
$2,230 - $3,965
Total Monthly Price
$2,230 - $3,965

Studio To 2 Bedroom Condos for Rent

Available Now

70 W Huron St

ChicagoIL60654
property at 1235 N La Salle Dr

$2,250 - $3,495

Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $3,495
Total Monthly Price
$2,250 - $3,495

Studio To 1 Bedroom Condos for Rent

Available Now

1235 N La Salle Dr

ChicagoIL60610

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.

Read Article

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.

Read Article
property at 600 N Wells St

$2,271

Total Monthly Price

Total Monthly Price

Base Rent
$2,271
Total Monthly Price
$2,271

Studio, 1 Bath Condo for Rent

Available Oct 2

600 N Wells St, Unit 2705

600 N Wells St
ChicagoIL60654

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.

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property at 20 N State St

$2,300 - $2,750

1 To 2 Bedroom Condos for Rent

Available Now

20 N State St

ChicagoIL60602
property at 22 N State St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

22 N State St, Unit 43c

22 N State St
ChicagoIL60602
property at 663 N State St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

663 N State St, Unit 911

663 N State St
ChicagoIL60654

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.

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property at 474 N Lake Shore Dr

$2,350

Total Monthly Price

Total Monthly Price

Base Rent
$2,350
Total Monthly Price
$2,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

474 N Lake Shore Dr, Unit 5603

474 N Lake Shore Dr
ChicagoIL60611
Showing Results 101-150, Page 3 of 5

Frequently Asked Questions about Magnificent Mile

What type of rentals are currently available in Magnificent Mile?

There are currently 584 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,299 to $43,181. There are also 656 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,595 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 $1,595 to $35,000 with an average monthly rent of $3,742.

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

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

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Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

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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.