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$1,395 - $2,5191 to 3 Bedroom Apartments Available Now
The Element
1550 W Dempster StMount Prospect, IL 60056
Cheap Apartments for Rent in Mount Prospect, IL from $800 (70 Rentals)
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$1,400 - $1,8001 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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$1,4001 Bedroom Apartments Available Now
363 Hawthorne Cir, Unit 5
363 Hawthorne CirMount Prospect, IL 60056
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$1,465 - $3,089
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,465 - $3,089
Total Monthly Price
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Orion Prospect
475 W Enterprise DrMount Prospect, IL 60056
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$1,497 - $2,4311 to 2 Bedroom Apartments Available Now
Forest Cove Apartments
1706 Forest Cove DrMount Prospect, IL 60056
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$1,499 - $2,4131 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
1958 W Algonquin RdMount Prospect, IL 60056
1080 N Wheeling Rd, Unit B4
1080 N Wheeling Rd
Mount ProspectIL60056
1080 N Wheeling Rd
Mount ProspectIL60056
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$1,600 - $2,2001 to 3 Bedroom Apartments Available Now
Huntington Square
1300 S Elmhurst RdMount Prospect, IL 60056
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$1,895 - $3,200Studio to 2 Bedroom Apartments Available Jun 27
10 North Main
10 N Main StMount Prospect, IL 60056
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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$1,900
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,900
Total Monthly Price
$1,900
744 Dempster St, Unit B107
744 Dempster StMount Prospect, IL 60056
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1 Bedroom Apartments
Victoria Hills
1854 S Phillip DrMount Prospect, IL 60056
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2 Bedroom Apartments
Mansard Lane Apartments
1713-1725 W Mansard LnMount Prospect, IL 60056
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Studio to 1 Bedroom Apartments
16 W Busse Ave
16 W Busse AveMount Prospect, IL 60056
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1 to 2 Bedroom Apartments
1709 W Victoria Dr
1709 W Victoria DrMount Prospect, IL 60056
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1 to 2 Bedroom Apartments
Windsor Courts
519 Dempster StMount Prospect, IL 60056
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2 Bedroom Apartments
Brownstone Court
1474-1484 S Brownstone CtMount Prospect, IL 60056
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2 Bedroom Apartments
637 W Pickwick Ct
637 W Pickwick CtMount Prospect, IL 60056
1900 Knights Bridge Dr
Mount ProspectIL60056
1840 W Hatherleigh Ct
Mount ProspectIL60056
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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.
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1 to 2 Bedroom Apartments
Orion ParkView
1821 W Golf RdMount Prospect, IL 60056
1910 W Hatherleigh Ct
Mount ProspectIL60056
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1 Bedroom Apartments
Centennial South
900 Centennial DrMount Prospect, IL 60056
710 W Huntington Commons Rd
Mount ProspectIL60056
16 E Old Willow Rd
Prospect HeightsIL60070
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$1,295 - $1,4001 Bedroom Apartments Available Jul 1
Dryden Homes- 1-21 N Dryden Pl
3 N Dryden PlArlington Heights, IL 60004
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$1,350 - $1,9501 to 2 Bedroom Apartments Available Jun 15
Hunt Club Apartments
350 Inland DrWheeling, IL 60090
1115 Holiday Ln, Unit 15
1115 Holiday Ln
Des PlainesIL60016
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$1,4001 Bedroom Apartment Available Now
488 E 5th Ct, Unit B
488 E 5th CtDes Plaines, IL 60016
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$1,400 - $2,8481 to 3 Bedroom Apartments Available Now
Briarwood Terrace Apartments
1501 S Wolf RdProspect Heights, IL 60070
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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$1,400 - $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Salem Walk Apartments
3700 Salem WalkNorthbrook, IL 60062
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$1,4102 Bedroom Apartments Available Jul 1
650 Carroll Square
650 Carroll SquareElk Grove Village, IL 60007
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$1,445 - $2,9371 to 3 Bedroom Apartments Available Now
Residences at Arlington Heights
2134 S Goebbert RdArlington Heights, IL 60005
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$1,479 - $2,429Studio to 3 Bedroom Apartments Available Now
ReNew Des Plaines North & South
730 W Algonquin RdDes Plaines, IL 60016
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$1,500
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,500
Total Monthly Price
$1,500
1214 E Northwest Hwy, Unit 5
1214 E Northwest HwyArlington Heights, IL 60004
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$1,537 - $2,8701 to 2 Bedroom Apartments Available Now
Ashton Arlington Heights
2302-2416 S Goebbert RdArlington Heights, IL 60005
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$1,550 - $1,5651 to 2 Bedroom Apartments Available Now
Perry Grove Apartments
418 Perrie DrElk Grove Village, IL 60007
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$1,600 - $1,9901 to 2 Bedroom Apartments Available Now
Circle Hill Apartments
415 E Circle Hill DrArlington Heights, IL 60004
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$1,600 - $2,1001 to 2 Bedroom Apartments Available Now
214-222 S Pine Ave
214-222 S Pine AveArlington Heights, IL 60005
922 E Old Willow Rd
Prospect HeightsIL60070
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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$1,619 - $2,7791 to 2 Bedroom Apartments Available Now
ReNew Lake Arlington
850 Corey LnWheeling, IL 60090
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$1,695 - $2,6951 to 3 Bedroom Apartments Available Now
GlenLake Village
4300 W Lake AveGlenview, IL 60026
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$1,700 - $3,100Studio to 2 Bedroom Apartments Available Now
4 North Apartments
4 N Hickory AveArlington Heights, IL 60004
1519 N Windsor Dr, Unit #210
1519 N Windsor Dr
Arlington HeightsIL60004
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$1,720 - $2,4821 to 3 Bedroom Apartments Available Now
The Eagles
480 Eagle DrElk Grove Village, IL 60007
202-222 N Salem Ave
Arlington HeightsIL60005
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$1,819 - $4,2281 to 3 Bedroom Apartments Available Now
Lake+House Apartments
333 Wood Creek RdWheeling, IL 60090
509 N Dunton Ave, Unit #6, 2nd Floor
509 N Dunton Ave
Arlington HeightsIL60004
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$1,840
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,840
Total Monthly Price
$1,840
931 Jonathon Ct, Unit River Trails
931 Jonathon CtProspect Heights, IL 60070
4400 W Lake Ave
GlenviewIL60026
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Mount Prospect, IL Local Guide
How much does it cost to rent an apartment in Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Mount Prospect Studio Apartments | $2,032 | $1,479 | $2,375 |
| Cheap Mount Prospect 1 Bedroom Apartments | $1,992 | $1,300 | $3,304 |
| Cheap Mount Prospect 2 Bedroom Apartments | $2,505 | $1,410 | $3,787 |
| Cheap Mount Prospect 3 Bedroom Apartments | $3,376 | $2,110 | $9,287 |
| Cheap Mount Prospect 4 Bedroom Apartments | $14,061 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Mount Prospect
See all Apartments in Mount ProspectExplore Mount Prospect
Mount Prospect, IL Local Guide
Written By:
Staff Writer Local Guide Expert
- Mount Prospect Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Mount Prospect Apartments for Rent
The cheapest available apartment rental in Mount Prospect, IL is a 1 Bed unit found at The Element in the Downtown Mount Prospect neighborhood priced from $1,395. The Eclipse at 1450 in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Element | 1 Bed 1 Bath Cottonwood A Remodel | 1BR,1BA | $1,395 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,400 |
| Orion Prospect | Logan | 1BR,1BA | $1,465 |
| Residences at Arlington Heights | The Arlington | 1BR,1BA | $1,495 |
| Forest Cove Apartments | 1 Bedroom Floor Plan A2 | 1BR,1BA | $1,497 |
| Briarwood Terrace Apartments | Colonial 1 | 1BR,1BA | $1,499 |
| Mount Prospect Greens | 1x1BP - Partial Renovated Arlington | 1BR,1BA | $1,529 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,535 |
Best Value Apartments for Rent in Mount Prospect, IL
As of June 12, 2026 the best value apartment in the Mount Prospect area is the $1.46 price per square foot 744 Dempster St Model at 744 Dempster St, Unit B107 in the in the Downtown Mount Prospect neighborhood starting from $1,900. The second greatest value Mount Prospect apartment is the 2 BR/ 2 BA Model at Piper Lane starting at $1,950 with a $1.56 price per square foot in the North Northfield neighborhood. Here is today’s list of the best values for Mount Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 744 Dempster St, Unit B107 | 744 Dempster St | 2BR,1BA | $1.46 |
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.56 |
| 931 Jonathon Ct, Unit River Trails | 931 Jonathon Ct | 2BR,2BA | $1.84 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.99 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.84 |
| Perry Grove Apartments | Two Bedroom | 2BR,1BA | $1.84 |
| Briarwood Terrace Apartments | Colonial 1 | 1BR,1BA | $1.78 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| 1214 E Northwest Hwy, Unit 5 | 1214 E Northwest Hwy | 2BR,1BA | $1.88 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.99 |
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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal 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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Mount Prospect Overview
The city of Mount Prospect is a popular suburb of Chicago with a population of near 55,000 people. Many of those residents love the area's urban feel and the multiple entertainment options offered all throughout town. The community is made up of young professionals who are looking for a quality school system for their young children. Most choose to live in an apartment first in order to save money then purchase a home later.
Why live in Mount Prospect, IL?
Mount Prospect is a suburb of Chicago that has a growing population each year. It offers residents an urban surburban lifestyle that has plenty of entertainment options in the downtown area. The school system offered is one of the best in the United States today as the majority of the students are award-winning recipients of educational competitions offered by the state of Illinois. This gives a children a remarkable avenue to continuing their education at a higher level. Plus, Mount Prospect is an ideal location to raise an active family as the area is home to multiple outdoor parks.
Mount Prospect, ILPopulation: 54,198
Ranked #716
in US Census Population by City
Best Local Schools in Mount Prospect, IL
Lions Park Elementary School
Mount Prospect School District 57
Public School - Grades K-5 (456)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mount Prospect, IL Rentals by Map
See the most popular apartments and homes in Mount Prospect, IL
Frequently Asked Questions about Cheap Mount Prospect Apartments
What is the Cheapest Studio apartment in Mount Prospect?
Currently the most affordable Cheap Studio Apartment in Mount Prospect is at 4 North Apartments listed at $1,700.
How much is rent for a Cheap One Bedroom Mount Prospect Apartment?
The lowest price for a Cheap One Bedroom Mount Prospect Apartment is $1,395 at The Element.
What is the lowest price for a Cheap Two Bedroom Mount Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mount Prospect is starting from $1,550 at The Element.
What is the most affordable Mount Prospect Three Bedroom Apartment?
The best deal on a cheap Mount Prospect Three Bedroom Apartment rental is at Lake+House Apartments and starts from $2,545.
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.
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
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