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Cheap Apartments for Rent in Magnificent Mile

1,540 Rentals
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  3. Building Photo - 1023 N Dearborn St
    1 BED, 1 BATH
    $1,450
    Total Monthly Price Total Monthly Price New
    Base Rent$1,450
    Required Monthly FeesNone
    Total Monthly Price$1,450

    1023 N Dearborn St Unit 313

    1023 N Dearborn St, Chicago, IL 60610
  4. Building Photo - 55 E Erie St
    Exceptional Value
    STUDIO
    $1,470+
    1 BED
    $1,905+
    2 BEDS
    $2,935+
    3 BEDS
    $4,125+

    55 E Erie St

    55 E Erie St, Chicago, IL 60611
  9. Building Photo - 18 E. Elm
    Good Value
    STUDIO
    $1,545

    18 E. Elm

    18 E Elm St, Chicago, IL 60611
  12. Building Photo - 63 E Lake
    Exceptional Value
    |
    STUDIO
    $1,685+
    1 BED
    $2,085+
    2 BEDS
    $2,970+

    63 E Lake

    63 E Lake St, Chicago, IL 60601
    (872) 316-5330
  14. 1-BR/1BA Living Area - 55 W. Chestnut
    Exceptional Value
    STUDIO
    $1,789+
    1 BED
    $2,233+
    2 BEDS
    $3,253+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,789 - $3,253
    Utilities & EssentialsVaries
    Total Monthly Price$1,789 - $3,253

    55 W. Chestnut

    55 W Chestnut St, Chicago, IL 60610
    (708) 919-3098
  15. Building Photo - 260 E Chestnut St
    STUDIO, 1 BATH
    $1,800
    Total Monthly Price Total Monthly Price New
    Base Rent$1,800
    Required Monthly FeesNone
    Total Monthly Price$1,800

    260 E Chestnut St Unit 2306

    260 E Chestnut St, Chicago, IL 60611
    Apply
  17. Building Photo - 777 N Michigan Ave
    STUDIO, 1 BATH
    $1,850
    Total Monthly Price Total Monthly Price New
    Base Rent$1,850 - $2,025
    Required Monthly FeesNone
    Total Monthly Price$1,850 - $2,025

    777 N Michigan Ave

    777 N Michigan Ave, Chicago, IL 60611
  31. Building Photo - 111 E Chestnut St
    1 BED, 1 BATH
    $1,975+
    3 BEDS, 1 BATH
    $4,650+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,975 - $4,650
    Required Monthly FeesNone
    Total Monthly Price$1,975 - $4,650

    111 E Chestnut St

    111 E Chestnut St, Chicago, IL 60611
  33. Building Photo - 405 N WABASH
    STUDIO, 1 BATH
    $2,000
    Total Monthly Price Total Monthly Price New
    Base Rent$2,000
    Required Monthly FeesNone
    Total Monthly Price$2,000

    405 N WABASH Unit 2212

    405 N WABASH, CHICAGO, IL 60611
  35. Rooftop Pool - 1133 N. Dearborn
    Good Value
    STUDIO
    $2,018+
    1 BED
    $2,091+
    2 BEDS
    $3,730+
    Total Monthly Price Total Monthly Price New
    Base Rent$2,011 - $4,051
    Required Monthly Fees$7
    Utilities & EssentialsVaries
    Total Monthly Price$2,018 - $4,058

    1133 N. Dearborn

    1133 N Dearborn St, Chicago, IL 60610
    (708) 683-4519
  36. 1111 N. Dearborn - Rooftop Pool - 1111 N. Dearborn
    STUDIO
    $2,031+
    1 BED
    $2,376+
    2 BEDS
    $2,877+
    3 BEDS
    $4,532+
    Total Monthly Price Total Monthly Price New
    Base Rent$2,024 - $4,896
    Required Monthly Fees$7
    Utilities & EssentialsVaries
    Total Monthly Price$2,031 - $4,903

    1111 N. Dearborn

    1111 N Dearborn St, Chicago, IL 60610
    (708) 919-3358
  37. Building Photo - 440 N Wabash Ave
    1 BED, 1 BATH
    $2,050
    Total Monthly Price Total Monthly Price New
    Base Rent$2,050
    Required Monthly FeesNone
    Total Monthly Price$2,050

    440 N Wabash Ave Unit 01707

    440 N Wabash Ave, Chicago, IL 60611
  39. Building Photo - 106 W Chicago Ave
    1 BED, 1 BATH
    $2,065
    Total Monthly Price Total Monthly Price New
    Base Rent$2,065
    Required Monthly FeesNone
    Total Monthly Price$2,065

    106 W Chicago Ave Unit 304

    106 W Chicago Ave, Chicago, IL 60654
  41. Building Photo - 10 E. Ontario St.
    Exceptional Value
    1 BED
    $2,100+
    2 BEDS
    $3,600+

    10 E. Ontario St.

    10 E Ontario St, Chicago, IL 60611
  42. Building Photo - 211 E Ohio St
    STUDIO, 1 BATH
    $2,100
    Total Monthly Price Total Monthly Price New
    Base Rent$2,100
    Required Monthly FeesNone
    Total Monthly Price$2,100

    211 E Ohio St Unit 2513

    211 E Ohio St, Chicago, IL 60611
Showing 42 of 384 results, Page 1 of 10

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Cheap Apartments in Magnificent Mile Neighborhood in Chicago, IL

When looking for cheap apartments in Magnificent Mile, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Magnificent Mile.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 384 cheap apartments available in Magnificent Mile, Apartment Finder is the place to find your next rental.

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