
Luxury Homes for Rent in Magnificent Mile Neighborhood of Chicago, IL (432 Rentals)
The most luxurious Homes in the Magnificent Mile area of Chicago with high-end amenities, features, and finishes.


1415 N Dearborn Pkwy, Unit 22C

1228 N Dearborn St, Unit 2F

400 N La Salle Dr

10 E Ontario St

1235 N La Salle Dr

111 E Chestnut St

333 W Hubbard St

545 N Dearborn St

211 E Ohio St
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

201 N Westshore Dr

1340 N Dearborn St

1320 N Dearborn St

30 E Huron St

216 W Chicago Ave

222 W Randolph St

111 W Maple St

405 N WABASH

347 E Wacker Dr

345 N La Salle Dr
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.

360 E Randolph St

8 E Randolph

195 N Harbor Dr

52 W Elm St

30 E Huron St

474 N Lake Shore Dr, Unit 2509

1212 N La Salle Dr, Unit 2604

222 N Columbus Dr, Unit 35th Floor

111 W Maple St, Unit 2508

201 N West Shore Dr, Unit 806A
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.

33 W Delaware Pl, Unit 10 B

70 W Huron St, Unit 1304

420 E Waterside Dr

700 N La Salle Dr

440 N Wabash Ave, Unit 1504

2 E Erie St

757 N Orleans St, Unit 1205

630 N Franklin St, Unit 1008

70 W Huron St, Unit 12

539 N State St, Unit 2401
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

515 N State St

401 E Ontario St, Unit 38F

433 N Wells St

230 N Michigan Ave

1255 N Sandburg Ter, Unit 1501

10 E Ontario St, Unit 2101

175 E Delaware Plz, Unit 5903

218 W Division St, Unit 207

155 N Harbor Dr, Unit 614

720 N Wells 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
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 | $4,192 | $2,000 | $10,000+ |
| Magnificent Mile 3 Bedroom Homes for Rent | $8,259 | $3,900 | $10,000+ |
| Magnificent Mile 4 Bedroom Homes for Rent | $21,557 | $10,000 | $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 432 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 613 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,105 to $77,776. There are also 707 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,375 to $40,000.
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 $1,375 to $40,000 with an average monthly rent of $9,769.
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 $3,900 to $32,000. Four Bedroom Single-Family rentals are also available starting from $10,000 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.

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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

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.