
Luxury Homes for Rent in the Magnificent Mile Neighborhood of Chicago, IL (461 Rentals)
The most luxurious Homes in the Magnificent Mile area of Chicago with high-end amenities, features, and finishes.


345 N La Salle Dr, Unit 1107

111 E Chestnut St

1320 N Dearborn St

201 N Westshore Dr

70 W Huron St

1235 N La Salle Dr

744 N Clark St

300 N State St

347 E Wacker Dr
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

700 N La Salle Dr

25 E Superior St, Unit 15T

330 W Grand Ave, Unit Studio with garage parking

674 N Wells St, Unit 1904

1246 N State Pky, Unit 2

433 N Wells St

607 N Wells St, Unit 3f-3r

1122 N Clark St, Unit 1005

345 N La Salle Dr, Unit 2608

300 N State St, Unit 4828
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

300 N State St, Unit 4828

1028 N Rush St, Unit 2602

440 N Wabash Ave, Unit 1504

2 E Erie St, Unit 1612

300 N State St

216 W Chicago Ave, Unit 1322

33 W Ontario St, Unit 44c

312 W Chestnut St, Unit 2108

515 N State St

345 N La Salle Dr
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

303 W Ohio St, Unit 33D

300 N State St, Unit 4009

420 E Waterside Dr, Unit 412

20 E Chestnut St, Unit 11B

212 W Washington St, Unit 1413

10 E Ontario St, Unit 802

8 E Randolph

201 N West Shore Dr, Unit 806A

630 N Franklin St, Unit 1008

345 N La Salle Dr
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

33 W Ontario St, Unit 15E

153 W Ohio St

420 E Waterside Dr

340 E Randolph, Unit 1818

1226 N Dearborn St

360 E Randolph St

401 E Ontario St, Unit 38F

30 E Huron St, Unit 30 E huron street 4310

322 N Orleans St, Unit 3903

1226 N Dearborn St, Unit #2B
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $4,213 | $2,400 | $10,000+ |
| Magnificent Mile 3 Bedroom Homes for Rent | $8,913 | $3,600 | $10,000+ |
| Magnificent Mile 4 Bedroom Homes for Rent | $26,750 | $10,000 | $10,000+ |
| Magnificent Mile 5 Bedroom Homes for Rent | $28,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 461 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 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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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.

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.

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.