Cheap Apartments for Rent in the Prospect Park Neighborhood of Moline, IL from $400 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Moline.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Wellington Apartments
Studio to 4 Bedroom Apartments

Wellington Apartments

1215 15th StMoline, IL 61265
  • Utilities Included
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Midvale Apartments
2 Bedroom Apartments

Midvale Apartments

3800-3850 25th StMoline, IL 61265
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Paulsen Manor
1 to 3 Bedroom Apartments

Paulsen Manor

2424 41st StMoline, IL 61265

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-27, Page 1 of 1

Prospect Park, Moline, IL Local Guide

Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of Moline, IL is a 1 Bed unit found at Timber Ridge Apartments priced from $825. Moline High School Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Prospect Park apartments for rent in Moline, IL:

Apartment ListingModel NameBed/BathPriced From
Timber Ridge Apartments1BR/1.0BA1BR,1BA$825
Moline High School Lofts1 Bedroom 1 Bath1BR,1BA$850
Sanders ApartmentsStudioStudio,1BA$916
Garfield School1901 Type 11BR,1BA$1,057

Best Value Apartments for Rent in Prospect Park, IL

As of May 21, 2026 the best value apartment in the Prospect Park area is the $1.26 price per square foot 1901 Type 2 Model at Garfield School in the in the Villa Park neighborhood starting from $1,266. The second greatest value Prospect Park apartment is the 1 Bedroom 1 Bath Model at Moline High School Lofts starting at $850 with a $1.06 price per square foot in the Villa Park neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Garfield School1901 Type 21BR,1BA$1.26
Moline High School Lofts1 Bedroom 1 Bath1BR,1BA$1.06
Timber Ridge Apartments1BR/1.0BA1BR,1BA$1.19
Sanders Apartments1 Bed, 1 bath1BR,1BA$1.83

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Prospect Park, Moline, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap Prospect Park Apartments

What is the price of a cheap apartment in Prospect Park?

The cheapest apartment in Prospect Park is Timber Ridge Apartments which is listed at $825, while the average apartment in Prospect Park costs $1,150.

What types of apartments are the cheapest in Prospect Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Prospect Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.