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$1,380 - $4,4611 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 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Prospect.
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$1,436 - $2,4381 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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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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$1,200 - $1,900Studio to 2 Bedroom Apartments Contact Us For Availability
V.I.P. Apartments
850 Corey LnWheeling, IL 60090
233 S Highland Ave
Arlington HeightsIL60005
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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$1,245 - $4,185Studio to 3 Bedroom Apartments Available Now
ReNew Des Plaines North
270-290 S Beau DrDes Plaines, IL 60016
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$1,270 - $1,2751 Bedroom Apartments Available Sep 1
Perry Grove Apartments
418 Perrie DrElk Grove Village, IL 60007
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$1,3852 Bedroom Apartments Available Now
638 Carroll Square
638 Carroll SquareElk Grove Village, IL 60007
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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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2 Bedroom Apartments
Carroll Square - NO FEES AT THIS PROPERTY!!
648 Carroll SqElk Grove Village, IL 60007
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Showing Results 1-28, Page 1 of 1
Mount Prospect, IL Local Guide
Camp Pine Woods Illinoisc by Amanda Landers is licensed under CC BY 2.0
How much does it cost to rent an apartment in Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Mount Prospect Studio Apartments | $2,057 | $1,200 | $3,745 |
| Cheap Mount Prospect 1 Bedroom Apartments | $2,054 | $1,270 | $3,980 |
| Cheap Mount Prospect 2 Bedroom Apartments | $2,581 | $1,385 | $5,205 |
| Cheap Mount Prospect 3 Bedroom Apartments | $2,979 | $2,120 | $8,610 |
| Cheap Mount Prospect 4 Bedroom Apartments | $10,980 | $10,000 | $10,000+ |
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 $1,380. Orion Prospect in the Bristol Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,432. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Element | Birch | 1BR,1BA | $1,380 |
| Orion Prospect | Edgebrook | 1BR,1BA | $1,432 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,436 |
| Residences at Arlington Heights | The Meadow | 1BR,1BA | $1,470 |
| Briarwood Terrace Apartments | Sandstone 1 | 1BR,1BA | $1,475 |
| Orion ParkView | Monroe | 1BR,1BA | $1,496 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $1,510 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,558 |
| Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $1,564 |
| Huntington Square | 1A | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Mount Prospect, IL
As of July 31, 2025 the best value apartment in the Mount Prospect area is the $1.48 price per square foot 2 BR/ 2 BA Model at Piper Lane in the in the North Northfield neighborhood starting from $1,850. The second greatest value Mount Prospect apartment is the 512 W Ida Ct Model at 512 W Ida Ct, Unit 2 starting at $2,300 with a $1.92 price per square foot in the Downtown Mount Prospect 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. |
|---|---|---|---|
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.48 |
| 512 W Ida Ct, Unit 2 | 512 W Ida Ct | 3BR,1.5BA | $1.92 |
| Orion Arlington Lakes | Lincoln - Renovated | 1BR,1BA | $1.81 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.92 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $1.91 |
| Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $2.00 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $2.13 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $2.04 |
| The Element | Birch | 1BR,1BA | $2.12 |
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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.
Best Local Schools in Mount Prospect, IL
Lions Park Elementary School
Mount Prospect School District 57
Public School - Grades 2-5 (454)
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
Getting Around Mount Prospect, IL
Walk Score®
67 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
27 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Hancock Square at Arlington Station listed at $1,771.
How much is rent for a Cheap One Bedroom Mount Prospect Apartment?
The lowest price for a Cheap One Bedroom Mount Prospect Apartment is $1,380 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 $1,607 at The Eclipse at 1450.
What is the most affordable Mount Prospect Three Bedroom Apartment?
The best deal on a cheap Mount Prospect Three Bedroom Apartment rental is at ReNew Des Plaines North and starts from $2,120.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.