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Apartments in Magnificent Mile Chicago

1 - 30 of 506 Results
30
$2,297 - 3,790
The Chicagoan
Deal
750 N Rush Chicago, IL
1 - 2 BR | Available Now
Contact
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
Covered Parking
15
3D Tour
$2,127 - 2,197
Lakeview East
Deal
637 Wcorenelia Ave Chicago, IL
1 BR | Available Now
Contact
Cat Friendly
Dishwasher
Lakeview
74
$2,000 - 2,150
The Chatelaine
4.3
215 E. Chestnut St. Chicago, IL
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
12
$5,900
734 Michigan Ave Unit 60611
Chicago, IL
2 BR | Available Now
Contact
Magnificent Mile
14
$4,407
747 N Wabash Ave
Chicago, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Rush & Division
27
$2,450 - 5,250
Residences at 8 E Huron
8 E Huron St Chicago, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
River North
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
8
$3,670
215 E Ohio St Unit 1103
Chicago, IL
2 BR | Available Now
Contact
Dog Friendly
Balcony/Deck/Patio
Dishwasher
Streeterville
40
$5,110
218 E Grand Ave
Chicago, IL
2 BR | Available Now
Contact
Dishwasher
Streeterville
41
$2,379 - 5,220
218 E Grand Ave
Chicago, IL
Studio - 2 BR | Available Now
Contact
Dishwasher
Streeterville
14
$2,147
633 W. CORNELIA
Deal
633 Wcorenelia Ave Chicago, IL
1 BR | Available Now
Contact
Cat Friendly
Dishwasher
Lakeview
0
$6,995
24 West Erie
Chicago, IL
3 BR | Available Now
Contact
In Unit Laundry
Dishwasher
Fireplace
River North
15
$1,735 - 1,755
Lakeside 800
800 N State Street Chicago, IL
2 BR | Available Now
Contact
Cat Friendly
Rush & Division
27
$3,986
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
18
$1,950 - 3,000
33 W Ontario St
Chicago, IL
1 - 2 BR | Available Now
Contact
Heat Included
Air Conditioning
In Unit Laundry
Fitness Center
Dishwasher
29
3D Tour
$2,323 - 7,250
GRAND PLAZA
Deal
540 N State St Chicago, IL
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
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
$2,360 - 8,872
State & Chestnut
845 N State St Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
16
$5,500
240 E Illinois St Unit 3
Chicago, IL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
31
$4,995
244 E. Pearson
244 E. Pearson St Chicago, IL
Studio | Available Now
Contact
Cat Friendly
Virtual Tour
House
Air Conditioning
Fitness Center
21
$1,805 - 3,845
The Seneca Apartments
200 E Chestnut St Chicago, IL
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Streeterville
37
$2,418 - 9,049
220 W Illinois
Chicago, IL
1 - 3 BR | Ask for Availability
Streeterville
42
$1,875 - 5,625
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
$2,410
505 N State St
Chicago, IL
1 BR | Ask for Availability
River North
11
$1,792 - 2,900
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
3D Tour
$4,995
211 E. Delaware
3.3
Chicago, IL
Studio | Available Now
Contact
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
Dishwasher
1 - 30 of 506 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 499 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 $1,881 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 $2,413 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 $3,438 per month.

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

Rentable.co has over 181,573 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 $1,390 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 $1,820 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 $2,020 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 $2,020 per month, which is higher than the national average of $1,600 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 $56,000 to live comfortably.

Chicago:
November Rent Report

Welcome to the November 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Chicago Rent Prices Increase From October to November

Chicago rent prices increased over the last month. From October to November, the city experienced a 0.9% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,903.0.

When we take a look at the two-bedroom comparison from October to November, Chicago experienced a 0.19% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,139.0.

November Prices: Chicago vs. Surrounding Areas

Schaumburg, IL
Des Plaines, IL
Chicago, IL
Evanston, IL
Downers Grove, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$2,035
$1,935
$1,886
$1,785
$1,568
$1,420
$1,377
$1,341
$0
$700
$1,400
$2,100
$2,800
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 4 of the Chicago suburbs increased last month. On the other hand, 3 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, Schaumburg, IL, Des Plaines, IL .

  • Rent decreased in Naperville, IL, Arlington Heights, IL, Downers Grove, IL.

  • 2 suburbs are currently priced higher than the city of Chicago.

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

November 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
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 November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Chicago, IL $1,886.0 1.29% $2,135.0 0.95%
Oak Park, IL $1,341.0 1.13% $2,010.0 7.83%
Evanston, IL $1,785.0 1.36% $2,270.0 3.70%
Naperville, IL $1,420.0 -1.11% $1,832.0 0.77%
Arlington Heights, IL $1,377.0 -1.08% $1,935.0 1.95%
Schaumburg, IL $2,035.0 0.94% $2,488.0 2.26%
Des Plaines, IL $1,935.0 0.62% $2,365.0 1.98%
Downers Grove, IL $1,568.0 -0.89% $1,790.0 0.85%

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.

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