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Magnificent Mile Apartments for Rent

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2 Bedrooms, Magnificent Mile Rental in Chicago, IL for $11,000 - Photo 1
2 days ago  |  Score: 87.1
118 East Erie Street
Magnificent Mile, Near North Side, Central Chicago, Chicago
2 Bed
2.5 Bath
By Yee Ng
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Magnificent Mile
For those interested, Magnificent Mile currently has 17 residential listings advertised on the market for rent. From data that we've compiled, listings range from $1,850 in the lower quartile to $8,000 in the upper quartile. Generally speaking, the median rental price is $3,300 or $29 / ft². For those interested in renting a listing in this search area, there are currently 0 studio, 7 one-bedroom, 7 two-bedroom, 2 three-bedroom, and 1 four+ bedroom properties available for rent.
For your convenience, we've included a more detailed breakdown of rental pricing by bedroom sizes here:
Bedrooms Rent Rent / ft²
1 BR $1,850 $28
2 BR $4,000 $36
3 BR $9,750 $42
4+ BR $8,500 $32

We make sure to refresh our rental listings every hour in order to provide you with the newest and most up-to-date inventory available on the market.

Magnificent Mile is located within 60611. This area currently has 31,563 residents in 20,267 households. Out of the total population, 30.47% of the residents speak another language at home instead of English. The majority of the inhabitants in this zipcode are currently unmarried and have a median age of 38.9.

When looking at residents older than 25, 3.99% have graduated from high school, 39.37% have a bachelor's degree, and 43.72% have obtained their master's degree or above. Employment rate is typically around 65.3% and the median income in this zipcode is $92,545.

At least 54.76% of those living in this zipcode rents their homes. Most residents will commute to work by walking with an average commute time of 25.5 minutes.

Geographically, 60611 is a part of Cook County, Illinois. This county is currently home to 5,227,575 residents, or 1,951,606 households with a median income of $56,902. Cook County, Illinois residents have a median age of 36.1 and 43.37% are currently renting their homes in the area.

Finally, Cook County, Illinois is a part of the greater Chicago, IL - IN Urban Area. For those unfamiliar with the area, The Chicago, IL - IN Urban Area is currently home to a population 8,672,319 across 3,153,810 households. Those living in this urban area have a median income of $63,064 and median age of 36.6. In general, at least 36.73% of the residents are currently renting their homes in this area.

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