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


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

613 N Wells St, Unit 2003

19 E Chestnut St

300 N State St, Unit 2330

600 N Wells St, Unit 1310

359 W Chicago Ave

866 N Wabash Ave

1435 N Dearborn St, Unit A4

1429 N Dearborn St, Unit 3B

1538 N Dearborn St, Unit B4

326 E Wacker Dr

300 N State St, Unit 4210

212 W Washington St

30 E Elm St

663 N State St, Unit 911

42 E Superior St, Unit 9F

1300 N Lake Shore Dr, Unit 10B

1335 N Dearborn St, Unit 08A

3 E Delaware Pl

225 W Huron St, Unit 625

2 E Erie St

777 N Michigan Ave

535 N Michigan Ave

405 N Wabash 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 | $4,369 | $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.
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
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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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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
Written by: Robin Stewart
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.