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$1,309 - $2,5171 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
Cheap Apartments for Rent in Mount Prospect, IL from $800 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Prospect.
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$1,350
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,350
Total Monthly Price
$1,350
331 Hawthorne Cir, Unit 2
331 Hawthorne CirMount Prospect, IL 60056
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$1,378 - $2,102
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,372 - $2,096
Required Monthly Fees
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Orion Prospect
475 W Enterprise DrMount Prospect, IL 60056
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$1,400 - $2,4751 to 3 Bedroom Apartments Available Now
The Element
1550 W Dempster StMount Prospect, IL 60056
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Rent Specials
$1,444 - $2,3541 to 2 Bedroom Apartments Available Now
Forest Cove Apartments
1706 Forest Cove DrMount Prospect, IL 60056
1050 N Wheeling Rd
Mount ProspectIL60056
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$1,575
Total Monthly Price
2 Bedroom Apartment Available Mar 15Total Monthly Price
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$1,575
Total Monthly Price
$1,575
1705 W Mansard Ln, Unit 106
1705 W Mansard LnMount Prospect, IL 60056
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$1,600 - $2,2001 to 3 Bedroom Apartments Available Now
Huntington Square
1300 S Elmhurst RdMount Prospect, IL 60056
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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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
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1 to 2 Bedroom Apartments
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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 to 2 Bedroom Apartments
Orion ParkView
1821 W Golf RdMount Prospect, IL 60056
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$1,000
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Studio Apartment Available NowTotal Monthly Price
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$1,000
Total Monthly Price
$1,000
35 E Palatine Rd
35 E Palatine RdProspect Heights, IL 60070
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$1,160 - $3,409Studio to 3 Bedroom Apartments Available Now
ReNew Des Plaines North & South
730 W Algonquin RdDes Plaines, IL 60016
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$1,295 - $1,4001 Bedroom Apartments Available Now
Dryden Homes- 1-21 N Dryden Pl
3 N Dryden PlArlington Heights, IL 60004
660 Piper Ln
Prospect HeightsIL60070
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$1,3951 Bedroom Apartment Available May 1
490 Pleasant Run Dr, Unit 490-A
490 Pleasant Run DrWheeling, IL 60090
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$1,400 - $2,8481 to 3 Bedroom Apartments Available Now
Briarwood Terrace Apartments
1501 S Wolf RdProspect Heights, IL 60070
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$1,400 - $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Salem Walk Apartments
3700 Salem WalkNorthbrook, IL 60062
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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$1,460 - $1,5501 to 2 Bedroom Apartments Available Apr 1
Perry Grove Apartments
418 Perrie DrElk Grove Village, IL 60007
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$1,483 - $3,0461 to 2 Bedroom Apartments Available Now
Ashton Arlington Heights
2302-2416 S Goebbert RdArlington Heights, IL 60005
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$1,500
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,500
Total Monthly Price
$1,500
1214 E Northwest Hwy, Unit 5
1214 E Northwest HwyArlington Heights, IL 60004
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$1,529 - $3,1091 to 2 Bedroom Apartments Available Now
ReNew Lake Arlington
850 Corey LnWheeling, IL 60090
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$1,538 - $2,7111 to 3 Bedroom Apartments Available Now
Residences at Arlington Heights
2134 S Goebbert RdArlington Heights, IL 60005
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$1,550 - $1,9501 to 2 Bedroom Apartments Available Now
Circle Hill Apartments
415 E Circle Hill DrArlington Heights, IL 60004
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$1,600 - $1,9501 to 2 Bedroom Apartments Available Now
214-222 S Pine Ave
214-222 S Pine AveArlington Heights, IL 60005
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1 to 2 Bedroom Apartments
Rivertrail Apartments
515-519 S Milwaukee AveWheeling, IL 60090
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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1 Bedroom Apartments
Shady Way
920 E Shady WayArlington Heights, IL 60005
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1 to 2 Bedroom Apartments
919 S McKinley Ave
919 S McKinley AveArlington Heights, IL 60005
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2 Bedroom Apartments
1214 E Northwest Highway
414 Chatham PlArlington Heights, IL 60004
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Studio to 3 Bedroom Apartments
ReNew Des Plaines North
270-290 S Beau DrDes Plaines, IL 60016
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1 Bedroom Apartments
1376-1384 Brown St
1376-1384 Brown StDes Plaines, IL 60016
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2 Bedroom Apartments
Carroll Square - NO FEES AT THIS PROPERTY!!
648 Carroll SqElk Grove Village, IL 60007
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1 to 2 Bedroom Apartments
Des Plaines Apartments
510-570 E Seegers RdDes Plaines, IL 60016
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1 to 3 Bedroom Apartments
Salem Lane Apartments
211 N Kaspar AveArlington Heights, IL 60005
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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1 to 2 Bedroom Apartments
Dryden Apartments
1 N Dryden PlArlington Heights, IL 60004
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1 to 2 Bedroom Apartments
315 SALEM LLC
315 N Salem AveArlington Heights, IL 60005
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1 to 2 Bedroom Apartments
Greenfield Square Apartments
640-650 W Algonquin RdDes Plaines, IL 60016
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1 to 2 Bedroom Apartments
Foxboro Apartments
470 Foxboro DrWheeling, IL 60090
Showing Results 1-44, Page 1 of 1
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 | $1,781 | $1,000 | $2,375 |
| Cheap Mount Prospect 1 Bedroom Apartments | $1,881 | $1,309 | $4,126 |
| Cheap Mount Prospect 2 Bedroom Apartments | $2,246 | $1,500 | $4,354 |
| Cheap Mount Prospect 3 Bedroom Apartments | $3,071 | $1,781 | $6,827 |
| Cheap Mount Prospect 4 Bedroom Apartments | $11,207 | $6,443 | $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 Dryden Homes- 1-21 N Dryden Pl in the Downtown Mount Prospect neighborhood priced from $1,295. Mount Prospect Greens in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,379. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $1,295 |
| Mount Prospect Greens | 1x1BP - Partial Renovated Arlington | 1BR,1BA | $1,379 |
| Orion Prospect | Kenwood | 1BR,1BA | $1,388 |
| The Element | 1 Bed 1 Bath Cottonwood B Renovated | 1BR,1BA | $1,450 |
| Foxboro Apartments | Easton | 1BR,1BA | $1,464 |
| Orion ParkView | Monroe | 1BR,1BA | $1,489 |
| Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $1,492 |
Best Value Apartments for Rent in Mount Prospect, IL
As of March 14, 2026 the best value apartment in the Mount Prospect area is the $0.50 price per square foot 35 E Palatine Rd Model at 35 E Palatine Rd in the in the North Northfield neighborhood starting from $1,000. 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. |
|---|---|---|---|
| 35 E Palatine Rd | 35 E Palatine Rd | Studio ,1.5BA | $0.50 |
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.56 |
| ReNew Lake Arlington | 2x1.5 | 2BR,1.5BA | $1.81 |
| Briarwood Terrace Apartments | Northpoint 2 Split | 2BR,2BA | $1.76 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| Ashton Arlington Heights | 2 Bed/2 Bath | 2BR,2BA | $1.92 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.99 |
| 437 Graceland Ave, Unit 2N | 437 Graceland Ave | 1BR,1BA | $1.89 |
| Forest Cove Apartments | 2 Bedrooms Floor Plan B1 | 2BR,1BA | $2.00 |
| 1214 E Northwest Hwy, Unit 5 | 1214 E Northwest Hwy | 2BR,1BA | $1.88 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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 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
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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 (0)
10 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 Buckingham listed at $1,655.
How much is rent for a Cheap One Bedroom Mount Prospect Apartment?
The lowest price for a Cheap One Bedroom Mount Prospect Apartment is $1,295 at Dryden Homes- 1-21 N Dryden Pl.
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 $1,600 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 Residences at Arlington Heights and starts from $2,126.
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.
Helpful Local Expert Guides
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.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
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.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.