4 Bedroom Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (25 Rentals)

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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.

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25 E Superior St
4 Bedroom Apartments

25 E Superior St

25 E Superior StChicago, IL 60611
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211 N Harbor Dr
4 Bedroom Apartments

211 N Harbor Dr

211 N Harbor DrChicago, IL 60601

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.

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65 E Goethe St
4 Bedroom Apartments

65 E Goethe St

65 E Goethe StChicago, IL 60610

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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630 N State St
4 Bedroom Apartments

630 N State St

630 N State StChicago, IL 60654
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Drake Tower
4 Bedroom Apartments

Drake Tower

179 E Lake Shore DrChicago, IL 60611
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The Bentham
4 Bedroom Apartments

The Bentham

142 W Erie StChicago, IL 60654
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1320 N State Pky
5 Bedroom Apartments

1320 N State Pky

1320 N State PkyChicago, IL 60610

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

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250 E Pearson St
4 Bedroom Apartments

250 E Pearson St

250 E Pearson StChicago, IL 60611

Magnificent Mile, Chicago, IL Local Guide

Largest Available Magnificent Mile 4 Bedroom Apartments

Apartment ListingModel NameSquare FootagePriced From
Chestnut Row HomesType A4,023 Sq Ft$15,000

Cheapest Available Magnificent Mile 4 Bedroom Apartments

Apartment ListingModel NamePriced From
Chestnut Row HomesType A$15,000

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.

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Pet Friendly Lifestyle
Magnificent Mile, Chicago, IL

Ranked #8

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Chicago, IL. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Family-Friendly Rating

A family-friendly rental community may be just the ticket if you have little ones when you rent. Magnificent Mile is a top neighborhood for families, with a score of 4.0 out of 4. Family Friendly communities have features that support parents and kids in having fun and being healthy together. This includes features like parks, recreation and A/V rooms, trails, and access to the best-rated education.

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

Frequently Asked Questions about Magnificent Mile

How much are Studio apartments in Magnificent Mile?

There are currently 195 Studio Apartments in Magnificent Mile with rent ranges from $1,065 to $8,000 with an average price of $2,672.

What is the current price range for One Bedroom Magnificent Mile Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Magnificent Mile ranges from $1,375 to $10,500 with an average monthly rent of $3,539.

What does renting a Two Bedroom Apartment in Magnificent Mile cost?

The monthly rent prices of Two Bedroom Apartments currently available in Magnificent Mile range from $1,407 to $16,366. Today's average rental price for Two Bedrooms here is $5,408.

How expensive are Magnificent Mile Three Bedroom Apartments?

There are currently 145 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $1,626 to $38,481 - averaging $8,874 for the location.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.