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$995Studio Apartments Available Dec 1
16 W Busse Ave
16 W Busse AveMount Prospect, IL 60056
Cheap Apartments for Rent in Mount Prospect, IL from $800 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Prospect.
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$1,213 - $3,9191 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
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$1,336 - $3,4731 to 3 Bedroom Apartments Available Now
Orion Prospect
475 W Enterprise DrMount Prospect, IL 60056
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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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$1,075 - $2,8481 to 3 Bedroom Apartments Available Now
Briarwood Terrace Apartments
1501 S Wolf RdProspect Heights, IL 60070
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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
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$1,245 - $3,955Studio to 3 Bedroom Apartments Available Now
ReNew Des Plaines North & South
730 W Algonquin RdDes Plaines, IL 60016
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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$1,3501 Bedroom Apartment Available Sep 15
417 Perrie Dr, Unit 101
417 Perrie DrElk Grove Village, IL 60007
1384 Brown St
Des PlainesIL60016
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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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The 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.
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1 to 2 Bedroom Apartments
Carroll Square - NO FEES AT THIS PROPERTY!!
648 Carroll SqElk Grove Village, IL 60007
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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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Showing Results 1-29, 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 | $1,961 | $995 | $3,465 |
| Cheap Mount Prospect 1 Bedroom Apartments | $1,878 | $1,075 | $3,780 |
| Cheap Mount Prospect 2 Bedroom Apartments | $2,367 | $1,445 | $5,165 |
| Cheap Mount Prospect 3 Bedroom Apartments | $2,644 | $1,781 | $6,711 |
| Cheap Mount Prospect 4 Bedroom Apartments | $9,108 | $8,115 | $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 Orion Prospect in the Bristol Park neighborhood priced from $1,336. Orion ParkView in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,361. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orion Prospect | Edison | 1BR,1BA | $1,336 |
| Orion ParkView | Monroe | 1BR,1BA | $1,361 |
| The Element | Birch | 1BR,1BA | $1,441 |
| Briarwood Terrace Apartments | Sandstone 1 | 1BR,1BA | $1,450 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,471 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,1BA | $1,475 |
| Residences at Arlington Heights | The Meadow | 1BR,1BA | $1,530 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,549 |
| Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $1,620 |
Best Value Apartments for Rent in Mount Prospect, IL
As of September 14, 2025 the best value apartment in the Mount Prospect area is the $1.76 price per square foot 3 Bedroom Model at GlenLake Village in the in the Downtown Northbrook neighborhood starting from $2,495. The second greatest value Mount Prospect apartment is the 315 W Prospect Ave Model at 315 W Prospect Ave, Unit 1 starting at $2,500 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. |
|---|---|---|---|
| GlenLake Village | 3 Bedroom | 3BR,2BA | $1.76 |
| 315 W Prospect Ave, Unit 1 | 315 W Prospect Ave | 3BR,1.5BA | $1.92 |
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.52 |
| 490 Pleasant Run Dr, Unit 490-F | 490 Pleasant Run Dr | 2BR,1BA | $1.45 |
| Orion Arlington Lakes | Sheridan | 2BR,2BA | $1.74 |
| Briarwood Terrace Apartments | Northpoint 2 Split | 2BR,2BA | $1.83 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.92 |
| Mount Prospect Greens | 2x1.5AR - Renovated Lincoln | 2BR,1.5BA | $1.85 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
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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)
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
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 Dunton Tower Apartments listed at $1,799.
How much is rent for a Cheap One Bedroom Mount Prospect Apartment?
The lowest price for a Cheap One Bedroom Mount Prospect Apartment is $1,336 at Orion Prospect.
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 $1,364 at Orion ParkView.
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 $2,284.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
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.