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Cheap 2 Bedroom Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL from $1,407 (2 Rentals)
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Lakeside 800
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
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How much does it cost to rent an apartment in Magnificent Mile?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Magnificent Mile Studio Apartments | $2,609 | $1,105 | $8,000 |
Magnificent Mile 1 Bedroom Apartments | $3,393 | $1,600 | $10,000+ |
Magnificent Mile 2 Bedroom Apartments | $5,199 | $1,407 | $10,000+ |
Magnificent Mile 3 Bedroom Apartments | $8,887 | $1,626 | $10,000+ |
Magnificent Mile 4 Bedroom Apartments | $26,029 | $7,000 | $10,000+ |
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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.
Getting Around the Magnificent Mile Neighborhood in Chicago, IL
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
98 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Magnificent Mile Apartments
What is the Cheapest Studio apartment in Magnificent Mile?
Currently the most affordable Cheap Studio Apartment in Magnificent Mile is at Pittsfield Apartments listed at $2,195.
How much is rent for a Cheap One Bedroom Magnificent Mile Apartment?
The lowest price for a Cheap One Bedroom Magnificent Mile Apartment is $2,195 at Pittsfield Apartments.
What is the lowest price for a Cheap Two Bedroom Magnificent Mile Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Magnificent Mile is starting from $2,195 at Pittsfield Apartments.
What is the most affordable Magnificent Mile Three Bedroom Apartment?
The best deal on a cheap Magnificent Mile Three Bedroom Apartment rental is at Pittsfield Apartments and starts from $2,195.
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.
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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.
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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
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Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
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How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.