Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Chicago area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments in Magnificent Mile Chicago

1 - 30 of 568 Results
30
$2,270 - 7,799
The Chicagoan
Deal
750 N Rush Chicago, IL
1 - 3 BR | Available Now
Contact
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
Covered Parking
15
3D Tour
$1,997
Lakeview East
637 Wcorenelia Ave Chicago, IL
1 BR | Available Now
Contact
Heat Included
Cat Friendly
Virtual Tour
In Unit Laundry
Storage
74
$1,850
The Chatelaine
4.3
215 E. Chestnut St. Chicago, IL
1 BR | Jul. 1, 2024
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
0
$1,800
777 N Michigan
Chicago, IL
Studio | Available Now
Contact
Dishwasher
Pool
10
$3,500
21 E Huron St Unit 3301
Chicago, IL
1 BR | Jul. 1, 2024
Contact
Dog Friendly
Cat Friendly
Dishwasher
River North
27
$4,775 - 5,250
Residences at 8 E Huron
8 E Huron St Chicago, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
River North
9
$1,995 - 2,395
10 E. Ontario St.
Deal
10 E. Ontario St. Chicago, IL
1 BR | Jul. 1, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
1
$1,575 - 2,600
10 E. Ontario St
Chicago, IL
Studio - 1 BR | Available Now
Contact
Balcony/Deck/Patio
Fitness Center
Pool
River North
$1,250 - 3,100
211 E. Ohio St
Chicago, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Storage
14
$2,047 - 2,127
633 W. CORNELIA
633 Wcorenelia Ave Chicago, IL
1 BR | Available Now
Contact
Heat Included
Cat Friendly
In Unit Laundry
Storage
Dishwasher
15
$1,735 - 1,755
Lakeside 800
800 N State Street Chicago, IL
2 BR | Available Now
Contact
Cat Friendly
Rush & Division
27
$4,441
200 E Illinois St
Chicago, IL
2 BR | Ask for Availability
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
30
$2,200 - 3,995
2015-19 W. Ainslie/4855-57 N. See
2015-19 W. Ainslie / 4855-57 N. Seeley Chicago, IL
1 - 3 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Dishwasher
Streeterville
35
$2,210
The Chatelaine
215 Chestnut St E. Chicago, IL
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
14
$2,795
222 E Pearson Apt 2104
Chicago, IL
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
Fitness Center
Storage
62
$1,866 - 3,629
Grand Plaza
4.5
540 N. State St. Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
35
$1,994 - 4,830
State & Chestnut
845 State St N Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
44
3D Tour
$2,285 - 6,273
State & Chestnut
845 N State St Chicago, IL
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
16
$6,000
240 E Illinois St Unit 3
Chicago, IL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
31
$1,475 - 1,695
244 E. Pearson
244 E. Pearson St Chicago, IL
Studio | Available Now
Contact
Cat Friendly
Virtual Tour
House
Air Conditioning
Fitness Center
28
$1,940 - 5,245
The Seneca Apartments
200 E Chestnut St Chicago, IL
Studio - 2 BR | Available Now
Contact
Streeterville
$4,000 - 4,726
Grand Plaza Apartments
540 N. State Street Chicago, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
216
$2,629 - 9,049
220 W Illinois
Chicago, IL
1 - 3 BR | Ask for Availability
Streeterville
33
$1,840 - 6,340
Arrive Streeterville®
333 E Ontario St Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
19
$2,472
505 N State St
Chicago, IL
1 BR | Ask for Availability
River North
27
$1,836 - 3,367
1130 N Dearborn
Chicago, IL
1 - 2 BR | Ask for Availability
Rush & Division
44
$1,680 - 3,565
Gold Coast City Club Apartments
860 N. Dewitt Place Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
23
$3,475
Chestnut Place
8 W Chestnut St Chicago, IL
2 BR | Aug. 27, 2024
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
19
3D Tour
$1,345 - 1,575
211 E. Delaware
3.3
Chicago, IL
Studio | Available Now
Contact
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
Dishwasher
23
$1,856 - 3,135
Asbury Plaza
750 North Dearborn Chicago, IL
Studio - 2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
Pool
1 - 30 of 568 Results
  1. Home
  2. Chicago
  3. Magnificent Mile
Frequently Asked Questions

How many apartments are available in Magnificent Mile on Rentable.co?

Rentable.co has over 568 apartments available near Magnificent Mile.

What is the average rent for a studio apartment in Magnificent Mile?

The average rent for a studio apartment near Magnificent Mile is around $1,846 per month.

What is the average rent for a one-bedroom apartment in Magnificent Mile?

The average rent for a one-bedroom apartment near Magnificent Mile is around $2,447 per month.

What is the average rent for a two-bedroom apartment in Magnificent Mile?

The average rent for a two-bedroom apartment near Magnificent Mile is around $3,415 per month.

How many apartments are available in Chicago, IL on Rentable.co?

Rentable.co has over 182,784 apartments available in Chicago.

What is the average rent for a studio apartment in Chicago, IL?

The average rent for a studio apartment in Chicago is around $1,330 per month.

What is the average rent for a one-bedroom apartment in Chicago, IL?

The average rent for a one-bedroom apartment in Chicago is around $1,790 per month.

What is the average rent for a two-bedroom apartment in Chicago, IL?

The average rent for a two-bedroom apartment in Chicago is around $2,140 per month.

How expensive is it to rent an apartment in Chicago, IL?

For a two-bedroom apartment in Chicago, the average rent price is $2,140 per month, which is higher than the national average of $1,620 per month.

Can I afford an apartment for rent in Chicago, IL?

Based on average rent prices in Chicago, to afford a studio apartment you would need an annual household income of $53,000 to live comfortably.

Chicago:
May Rent Report

Welcome to the May 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Chicago rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago average rent prices in the chart below.

Monthly Rent Report

$2,350
$1,760
$1,180
$590
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Chicago Rent Prices Increase From April to May

Chicago rent prices increased over the last month. From April to May, the city experienced a 1.06% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,913.0.

When we take a look at the two-bedroom comparison from April to May, Chicago experienced a 1.31% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,251.0.

May Prices: Chicago vs. Surrounding Areas

Des Plaines, IL
Chicago, IL
Schaumburg, IL
Evanston, IL
Lombard, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$1,901
$1,893
$1,868
$1,822
$1,621
$1,437
$1,437
$1,265
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Chicago and Surrounding Areas

Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Chicago suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL, Evanston, IL, Arlington Heights, IL, Lombard, IL, Schaumburg, IL, Des Plaines, IL .

  • Rent decreased in Naperville, IL.

  • 7 suburbs are currently priced lower than the city of Chicago.

May 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Chicago Rent Prices More Affordable Than Major Cities

Rent growth in Chicago over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago average rent prices appear to be relatively affordable for local residents.

The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.

Data set for Chicago and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Chicago, IL $1,893.0 1.45% $2,222.0 1.74%
Naperville, IL $1,437.0 -0.35% $1,842.0 0.11%
Oak Park, IL $1,265.0 0.56% $1,757.0 -0.73%
Evanston, IL $1,822.0 1.50% $1,968.0 1.92%
Arlington Heights, IL $1,437.0 2.21% $1,875.0 0.11%
Lombard, IL $1,621.0 1.95% $1,975.0 1.86%
Schaumburg, IL $1,868.0 4.42% $2,407.0 6.88%
Des Plaines, IL $1,901.0 6.20% $2,166.0 5.45%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Chicago Apartments
Chicago Apartments by Neighborhood
Chicago Apartments by Bedrooms
Chicago Apartments by Affordability
Chicago Apartments with Amenities
Chicago Apartments by Type
Colleges Near Chicago
Chicago Apartments by Zip Code