Studio Apartments for Rent in the Magnificent Mile Neighborhood of Chicago, IL (200 Rentals)

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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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Magnificent Mile, Chicago, IL Local Guide

Largest Available Magnificent Mile Studio Apartments

The largest available Studio apartment unit in the Magnificent Mile area of Chicago, IL is found at Lake and Wells and is listed at 945 square feet priced from $2,635. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
Lake and WellsC1- 1104945 Sq Ft$2,635
The Gallery on WellsJunior One Bedroom (758 sf)758 Sq Ft$3,194
Marquee at Block 37Studio x 19728 Sq Ft$2,299
The StreeterJr. One Bed Style (C)713 Sq Ft$2,710
Wolf Point EastSC6700 Sq Ft$3,316
73 East Lake10a692 Sq Ft$2,437
North Water ApartmentsCF687 Sq Ft$2,945
Aqua at Lakeshore EastConvertible 04b681 Sq Ft$2,570
215 West Apartmentsconvertible / 1 bath662 Sq Ft$2,194
OneElevenStudio Alcove661 Sq Ft$2,681

Cheapest Available Magnificent Mile Studio Apartments

Currently the lowest priced Studio apartment unit Magnificent Mile of Chicago, IL is the Studio Model starting from $1,245 at 11 W. Division. The average price for all Studio apartments in Magnificent Mile is currently $2,663. Here is today’s list of the cheapest available Studio options in the area:

Apartment ListingModel NamePriced From
11 W. DivisionStudio$1,245
Gramercy Row ApartmentsStudio Floor Plan S16$1,278
1036 N. DearbornStudio$1,295
211 E. DelawareStudio$1,375
25 E. DelawareStudio$1,375
1100 North LasalleStudio$1,390

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Pet Friendly Lifestyle
Magnificent Mile, Chicago, IL

Ranked #5

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

This website compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Chicago. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

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 Studio Magnificent Mile Apartments

What is the Cheapest apartment in Magnificent Mile with Studio?

Currently the most affordable Studio in Magnificent Mile is at 11 W. Division listed at $1,245.

How much is the average rent for a Studio Magnificent Mile Apartment?

The average rent for a Studio Apartment in Magnificent Mile is $2,663.

What is the largest available Studio Magnificent Mile Apartment for rent?

Today's apartment with the most square footage in Magnificent Mile is a 945 square feet unit starting from $2,635 at Lake and Wells.

What is the average size for Magnificent Mile Studio Apartments for rent?

The average size for a Studio rental in Magnificent Mile is currently 547 sq ft.

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.