
Cheap Homes for Rent in Magnificent Mile Neighborhood of Chicago, IL from $1,300 (232 Rentals)Page 2 of 5
Search the lowest-cost Homes available for rent right now in the Magnificent Mile area of Chicago.


196 E Wacker Dr

330 W Grand Ave, Unit 1505

1 E Scott St

1440 N Lake Shore Dr, Unit 7D

205 W Randolph St, Unit 609

1339 N Dearborn St, Unit 6f

1122 N Clark St

330 W Grand Ave

535 N Michigan Ave, Unit 2507

186 E Chestnut St

117 N Clark St

1355 N Sandburg Ter, Unit 1907

1355 N Sandburg Ter, Unit 1907

260 E Chestnut St, Unit 804

1340 N Dearborn St, Unit 16F

755 N Wells St, Unit 2

401 E Ontario St, Unit 2501

10 E Ontario St

400 N La Salle Dr

400 E Randolph St, Unit 2521

197 E Chestnut St

188 E Chestnut St

108 W Chicago Ave

1372 N Dearborn St

230 E Ontario St, Unit 1302

233 E Erie St, Unit 1506

253 E Delaware Pl

111 E Chestnut St, Unit 10E

130 N Garland Ct, Unit 2901

1421 N Dearborn St, Unit 4C

400 E Randolph St, Unit 2521

1435 N Dearborn St, Unit B2

1427 N Dearborn St, Unit 2B

900 N Lake Shore Dr

1435 N Dearborn St

750n N Dearborn St

782 N Dearborn St

58 W Superior St

42 E Superior St, Unit 9F

360 W Illinois St

80 W Huron St

710 N Dearborn St, Unit 1404

1163 N Dearborn St

801 N Wabash Ave

199 N Harbor Dr

1220 N La Salle Dr

325 W Ohio St, Unit 2

358 W Hubbard St

210 W Institute Pl
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 | $3,840 | $2,300 | $8,146 |
Magnificent Mile 3 Bedroom Homes for Rent | $7,830 | $3,799 | $10,000+ |
Magnificent Mile 4 Bedroom Homes for Rent | $13,690 | $4,800 | $10,000+ |
Magnificent Mile 5 Bedroom Homes for Rent | $10,050 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 232 rentals with your search options within a 1 mile radius of the Magnificent Mile Neighborhood of Chicago, IL.
Explore Chicago
Frequently Asked Questions about Magnificent Mile
What type of rentals are currently available in Magnificent Mile?
There are currently 653 Apartments for Rent in Magnificent Mile, IL with pricing that ranges from $1,105 to $77,776. There are also 683 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnificent Mile ranging from $1,325 to $35,000.
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 $35,000 with an average monthly rent of $6,642.
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 $3,799 to $30,000. Four Bedroom Single-Family rentals are also available starting from $4,800 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.

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.

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.

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.