Luxury Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (214 Rentals)
Higher End Luxurious Apartments in the Magnificent Mile area of Chicago.

Shoreham and Tides

One Chicago

Residences at 8 East Huron

Century Tower

The Gallery on Wells

Exhibit on Superior

Next Apartments
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.

Marquee at Block 37

West77 Apartments

North Water Apartments

Coast at Lakeshore East

One Superior Place

Chestnut Tower Apartments

Aqua at Lakeshore East

Millie on Michigan
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.

Arrive Streeterville

AMLI River North

North Harbor Tower

ONE Old Town Park

21 E Chestnut

The Seneca Apartments

The Chicagoan

14 West Elm Apartments
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

868 N. Wells

920 N Wells

Lake and Wells

One Bennett Park

Linea Apartments

Lofts At River East

Lake Shore Plaza

Cobbler Square Lofts

State and Grand

500 Lake Shore Drive

871 N Franklin

Parkline Chicago

369 Grand by Onni

The Ardus

Millennium on LaSalle

The Bush Temple

The Clark
Magnificent Mile, Chicago, IL Local Guide

How much does it cost to rent an apartment in Magnificent Mile?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Magnificent Mile Studio Apartments | $2,657 | $1,105 | $8,000 |
Magnificent Mile 1 Bedroom Apartments | $3,410 | $1,375 | $10,000+ |
Magnificent Mile 2 Bedroom Apartments | $5,208 | $1,407 | $10,000+ |
Magnificent Mile 3 Bedroom Apartments | $8,609 | $1,626 | $10,000+ |
Magnificent Mile 4 Bedroom Apartments | $21,999 | $7,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 214 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Magnificent Mile, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Pet Friendly LifestyleMagnificent Mile, Chicago, IL
Ranked #5
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals in areas across the United States, including Chicago. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Luxury Living Rating
Magnificent Mile has established a name for itself as one of our favorite high-end communities in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, proximity to great shopping areas, park access, and amenities like granite countertops, range hoods, and high-end appliances. Luxury neighborhoods also often offer tile, hardwood, and fine carpeting, access to sports facilities like golf, raquetball, and tennis, and a full-time security staff or doorman.
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 Magnificent Mile
How much are Studio apartments in Magnificent Mile?
There are currently 193 Studio Apartments in Magnificent Mile with rent ranges from $1,105 to $8,000 with an average price of $2,657.
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 $10,126 with an average monthly rent of $3,410.
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 $16,520. Today's average rental price for Two Bedrooms here is $5,208.
How expensive are Magnificent Mile Three Bedroom Apartments?
There are currently 149 Three Bedroom Apartments listings available in Magnificent Mile on ApartmentHomeLiving.com. The pricing ranges from $1,626 to $38,481 - averaging $8,609 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.

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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.