
Short Term Lease Homes for Rent in Magnificent Mile Neighborhood of Chicago, IL (120 Rentals)
Rental terms in the Magnificent Mile area of Chicago as short as a month! Perfect when you can't commit to a full year of renting.


1 Month
200 E Chestnut St

1 Month
77 W Huron St

1 Month
200 E Chestnut St

1 Month
188 N Wells St

1 Month
8 W Chestnut St

1 Month
500 N Lake Shore Dr
The Freedom of Short-Term Rentals: Exploring the Advantages for Renters
From flexibility to potential costs, explore the key benefits and drawbacks of short-term rental housing from a renter's perspective.

1 Month
77 W Huron St

1 Month
188 N Wells St

1 Month
420 E Ohio St

1 Month
200 E Chestnut St

1 Month
445 E Ohio St

1 Month
445 E Ohio St

1 Month
445 E Ohio St

1 Month
210 N Wells St

1 Month
210 N Wells St

1 Month
1313 W Randolph St
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.

1 Month
343 W Schiller St

1 Month
1313 W Randolph St

1 Month
77 W Huron St

1 Month
343 W Schiller St

1 Month
445 E Ohio St

1 Month
1400 N Lake Shore Dr

1 Month
1400 N Lake Shore Dr

1 Month
200 E Chestnut St

1 Month
420 E Ohio St

1 Month
108 W Chicago Ave

1 Month
500 N Lake Shore Dr

1 Month
60 E Benton Pl

1 Month
225 N Columbus Dr
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.

1 Month
201 N Garland Ct

1 Month
108 W Chicago Ave

1 Month
201 N Garland Ct

1 Month
215 W Lake St

1 Month
215 W Lake St

1 Month
750 N Rush St

1 Month
500 N Lake Shore Dr

1 Month
347 W Chestnut St

1 Month
347 W Chestnut St
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.

1 Month
347 W Chestnut St

1 Month
535 N St Clair St

1 Month
200 E Illinois St

1 Month
343 W Schiller St

1 Month
60 E Randolph St

1 Month
200 E Illinois St

1 Month
343 W Schiller St

1 Month
420 E Ohio St

1 Month
500 N Lake Shore Dr

1 Month
637 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

1 Month
347 W Chestnut 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 | $4,137 | $2,400 | $10,000+ |
Magnificent Mile 3 Bedroom Homes for Rent | $9,662 | $4,750 | $10,000+ |
Magnificent Mile 4 Bedroom Homes for Rent | $15,733 | $6,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 120 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
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Magnificent Mile, Chicago, IL Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Magnificent Mile
What type of rentals are currently available in Magnificent Mile?
There are currently 592 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,105 to $77,776. There are also 701 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,325 to $30,000.
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 $1,325 to $30,000 with an average monthly rent of $6,811.
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 $1,626 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,750 to $30,000. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $7,000.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.