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Apartments in Magnificent Mile Chicago

1 - 30 of 697 Results
30
$2,270 - 7,861
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
$2,170
The Chatelaine
4.3
215 E. Chestnut St. Chicago, IL
1 BR | Jun. 1, 2024
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
0
$1,895
777 N Michigan
Chicago, IL
1 BR | Available Now
Contact
Dishwasher
Pool
Magnificent Mile
10
$3,600
25 E Superior St
Chicago, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Storage
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
16
$5,500
550 N St
Chicago, IL
3 BR | Available Now
Contact
Storage
Dishwasher
Streeterville
15
$2,600
550 N St
Chicago, IL
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Streeterville
10
$2,800
600 N Fairbanks Ct Unit 3306
Chicago, IL
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Storage
$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
5
$2,800
600 N Fairbanks Ct
Chicago, IL
1 BR | Available Now
Contact
Heat Included
Air Conditioning
Storage
Disability Access
Dishwasher
112
$2,293 - 5,850
540 North State St.
Chicago, IL
Studio - 3 BR | Ask for Availability
River North
14
$2,047 - 2,147
633 W. CORNELIA
633 Wcorenelia Ave Chicago, IL
1 BR | Available Now
Contact
Heat Included
Cat Friendly
In Unit Laundry
Storage
Dishwasher
21
$8,146
14 W Sperior St
Chicago, IL
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
15
$1,735 - 1,755
Lakeside 800
800 N State Street Chicago, IL
2 BR | Available Now
Contact
Cat Friendly
Rush & Division
27
$4,536
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
9
$2,200 - 6,000
505 N State St
Chicago, IL
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
44
3D Tour
$2,050 - 8,137
State & Chestnut
845 N State St Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
19
$4,500
240 E Illinois St Unit 2006
Chicago, IL
2 BR | Jun. 1, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
Streeterville
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
$1,555 - 5,160
The Seneca Apartments
200 E Chestnut St Chicago, IL
Studio - 2 BR | Available Now
Contact
Streeterville
23
$3,688
540 N State St
Chicago, IL
2 BR | Ask for Availability
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
$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
1 - 30 of 697 Results
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  3. Magnificent Mile
Frequently Asked Questions

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

Rentable.co has over 676 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 $1,869 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 $2,449 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 $3,435 per month.

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

Rentable.co has over 190,616 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 $1,350 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 $1,850 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 $2,200 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 $2,200 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 $54,000 to live comfortably.

Chicago:
April Rent Report

Welcome to the April 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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

$2,300
$1,730
$1,150
$580
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Chicago Rent Prices Increase From March to April

Chicago rent prices increased over the last month. From March to April, the city experienced a 1.45% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,893.0.

When we take a look at the two-bedroom comparison from March to April, Chicago experienced a 1.74% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,222.0.

April Prices: Chicago vs. Surrounding Areas

Chicago, IL
Evanston, IL
Des Plaines, IL
Schaumburg, IL
Lombard, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$1,866
$1,795
$1,790
$1,789
$1,590
$1,442
$1,406
$1,258
$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 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, Lombard, IL.

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

April 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Chicago, IL $1,866.0 1.86% $2,184.0 1.72%
Naperville, IL $1,442.0 -0.35% $1,840.0 0.55%
Oak Park, IL $1,258.0 0.40% $1,770.0 1.49%
Evanston, IL $1,795.0 1.41% $1,931.0 0.63%
Arlington Heights, IL $1,406.0 -2.50% $1,873.0 0.11%
Lombard, IL $1,590.0 -0.31% $1,939.0 1.04%
Schaumburg, IL $1,789.0 2.11% $2,252.0 3.40%
Des Plaines, IL $1,790.0 5.67% $2,054.0 2.04%

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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