Cheap Apartments for Rent in the Prospect Park Neighborhood of Moline, IL from $400 (1 Rental)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Moline.
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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.
Prospect Park, Moline, IL Local Guide

How much does it cost to rent an apartment in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park Studio Apartments | $916 | $916 | $916 |
| Prospect Park 1 Bedroom Apartments | $794 | $625 | $1,100 |
| Prospect Park 2 Bedroom Apartments | $961 | $795 | $1,400 |
| Prospect Park 3 Bedroom Apartments | $1,248 | $1,150 | $1,495 |
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Prospect Park, Moline, IL Local Guide
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Best Value Apartments for Rent in Prospect Park, IL
As of December 27, 2025 the best value apartment in the Prospect Park area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at Moline High School Lofts in the in the Villa Park neighborhood starting from $850. The second greatest value Prospect Park apartment is the 1BR/1.0BA Model at Timber Ridge Apartments starting at $825 with a $1.19 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Moline High School Lofts | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.19 |
| Garfield School | 1901 Type 1 | 1BR,1BA | $1.35 |
| Sanders Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.83 |
| 1829 3rd St, Unit 3U | 1829 3rd St | 1BR,1BA | $4.27 |
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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Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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.
Pet Friendly LifestyleProspect Park, Moline, IL
Ranked #15
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 6 regular apartments in Prospect Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Prospect Park?
Cheap apartments in Prospect Park have an average cost of $388 which is $762 cheaper than the average rent for all rentals in Prospect Park.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
