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Cheap Condos for Rent in Magnificent Mile

1,566 Rentals
.
  13. Building Photo - 260 E Chestnut St
    STUDIO, 1 BATH
    $1,775+
    1 BED, 1 BATH
    $2,200+
    2 BEDS, 1 BATH
    $3,255+

    260 E Chestnut St

    260 E Chestnut St, Chicago, IL 60611
  16. Building Photo - 777 N Michigan Ave
    STUDIO, 1 BATH
    $1,800+
    1 BED, 1 BATH
    $2,100+

    777 N Michigan Ave

    777 N Michigan Ave, Chicago, IL 60611
  18. STUDIO, 1 BATH
    $1,819+
    1 BED, 1 BATH
    $1,989+

    102 W Chicago Ave

    102 W Chicago Ave, Chicago, IL 60654
  31. Building Photo - 203 N Wabash Ave
    STUDIO, 1 BATH
    $1,875+
    1 BED, 1 BATH
    $2,150+
    2 BEDS, 1 BATH
    $3,180+

    203 N Wabash Ave

    203 N Wabash Ave, Chicago, IL 60601
Showing 42 of 462 results, Page 1 of 11

Chicago at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Chicago
98

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Chicago
81

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Chicago

Cheap Condos in Magnificent Mile Neighborhood in Chicago, IL

Find cheap condos for rent in Magnificent Mile with Apartment Finder. Whether you're looking for a two-bedroom condo or something more spacious with three-four beds, you want the best place at the right price. We have a great selection of budget-friendly condos for rent, and we'll show you which rentals offer the best value in Magnificent Mile.

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

Affordability doesn't have to equal sacrifice. While being flexible is important, you might not have to give up as much as you think. You can find a cheap condo for rent, complete with must-have amenities such as paid utilities and a garage. 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 462 cheap condos available in Magnificent Mile, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Chicago

(For 1 bedroom apartments)

Getting Around Chicago

Transportation

100

Walker’s Paradise

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
81

Very Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
98

Rider’s Paradise

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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