
Cheap Homes for Rent in Magnificent Mile Neighborhood of Chicago, IL from $1,400 (125 Rentals) Page 3 of 3
Search the lowest-cost Homes available for rent right now in the Magnificent Mile area of Chicago.


400 E Randolph St, Unit 2402, Unit 2402

400 E Randolph St

347 W Chestnut St, Unit 1904

Total Monthly Price
215 W Lake St, Unit SI FL7-ID1331

Total Monthly Price
215 W Lake St, Unit SI FL12-ID1343

20 W Randolph St

19 E Chestnut St

300 N State St, Unit 4907, Unit 4907

1300 N Lake Shore Dr, Unit 702, Unit 702

328 W Chestnut St

503 N Kingsbury St

9 E Delaware Pl

359 W Chicago Ave

875 N State St, Unit 1607

866 N Wabash Ave, Unit 10A

1446 N Dearborn St, Unit 4

637 N Wells St, Unit unit 3210

Total Monthly Price
1400 N Lake Shore Dr, Unit SI FL22-ID549

324 W Chestnut St

1300 N Lake Shore Dr, Unit 10B, Unit 10B

1335 N Dearborn St, Unit 08A, Unit 08A

106 W Chicago Ave

350 E Ohio St

2 E Erie 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 | $4,366 | $2,400 | $10,000+ |
| Magnificent Mile 3 Bedroom Homes for Rent | $7,940 | $4,250 | $10,000+ |
| Magnificent Mile 4 Bedroom Homes for Rent | $13,594 | $5,100 | $10,000+ |
| Magnificent Mile 5 Bedroom Homes for Rent | $18,950 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 125 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 553 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,245 to $48,409. There are also 576 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,492 to $24,000.
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 $1,492 to $24,000 with an average monthly rent of $8,300.
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 $2,895 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,250 to $23,500. Four Bedroom Single-Family rentals are also available starting from $5,100 and Four Bedroom Apartments start at $10,000.
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

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.

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.