
Cheap Homes for Rent in Magnificent Mile Neighborhood of Chicago, IL from $1,200 (143 Rentals) Page 3 of 3
Search the lowest-cost Homes available for rent right now in the Magnificent Mile area of Chicago.


1220 N La Salle Dr

100 W Erie St

328 W Chestnut St

1235 N La Salle Dr

360 W Illinois St

30 E Huron St

300 N State St, Unit 04330

216 W Chicago Ave

30 W Huron St, Unit 02606

65 E Scott St

222 E Pearson St

20 N State St

211 E Ohio St, Unit 922

222 E Pearson St, Unit 1105

247 E Chestnut St

333 E Wacker Dr

143 W Huron St

216 W Chicago Ave

200 E Chestnut St

336 E Wacker Dr

7 N State St

736 N Dearborn St

1122 N Clark St

840 N Orleans St

160 W Huron St

809 N Wells St

222 W Randolph St

500 N Kingsbury St

1415 N Dearborn St, Unit #1A

452 E Ohio St

38 W Chestnut St

21 W Chestnut St

900 N Lake Shore Dr

300 N State St

663 N State St, Unit 911

1122 N Clark St, Unit 1122

535 N Michigan Ave, Unit 2507

22 N State St, Unit 43c

1455 N Sandburg Ter

755 N Wells St, Unit 2

211 E Ohio St, Unit 1215

535 N Michigan Ave
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 | $4,240 | $2,000 | $10,000+ |
| Magnificent Mile 3 Bedroom Homes for Rent | $8,535 | $4,650 | $10,000+ |
| Magnificent Mile 4 Bedroom Homes for Rent | $14,714 | $6,000 | $10,000+ |
| Magnificent Mile 5 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 143 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
Explore Chicago
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 $48,409. There are also 630 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,295 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 $1,295 to $24,000 with an average monthly rent of $8,702.
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 $2,995 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,650 to $23,000. Four Bedroom Single-Family rentals are also available starting from $6,000 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
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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
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
Written by: Nicole Harms
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
Written by: Nicole Harms
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.