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$1,250Studio Apartment Available Nov 26
1195 N Boxwood Dr, Unit 103
1195 N Boxwood DrMount Prospect, IL 60056
Cheap Apartments for Rent in Mount Prospect, IL from $800 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Prospect.
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$1,283 - $2,4991 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
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$1,325 - $3,7881 to 3 Bedroom Apartments Available Now
Orion Prospect
475 W Enterprise DrMount Prospect, IL 60056
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$1,351 - $2,4131 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount 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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Rent Specials
$1,075 - $3,9841 to 3 Bedroom Apartments Available Now
Briarwood Terrace Apartments
1501 S Wolf RdProspect Heights, IL 60070
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$1,160 - $3,210Studio 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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$1,200 - $1,900Studio to 2 Bedroom Apartments Contact Us For Availability
V.I.P. Apartments
850 Corey LnWheeling, IL 60090
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$1,295 - $1,4601 to 2 Bedroom Apartments Available Now
Perry Grove Apartments
418 Perrie DrElk Grove Village, IL 60007
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$1,350 - $1,6001 to 2 Bedroom Apartments Available Now
Hunt Club Apartments
350 Inland DrWheeling, IL 60090
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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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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 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 1-31, 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 | $1,848 | $1,160 | $3,010 |
| Cheap Mount Prospect 1 Bedroom Apartments | $1,871 | $1,075 | $4,145 |
| Cheap Mount Prospect 2 Bedroom Apartments | $2,303 | $1,459 | $5,394 |
| Cheap Mount Prospect 3 Bedroom Apartments | $2,577 | $1,781 | $6,384 |
| Cheap Mount Prospect 4 Bedroom Apartments | $9,092 | $7,849 | $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 Perry Grove Apartments in the Bristol Park neighborhood priced from $1,295. Orion Prospect in the Bristol Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Perry Grove Apartments | One Bedroom | 1BR,1BA | $1,295 |
| Orion Prospect | Kenwood | 1BR,1BA | $1,325 |
| Hunt Club Apartments | Ash (1 Bed U) | 1BR,1BA | $1,350 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,351 |
| Orion ParkView | Monroe | 1BR,1BA | $1,374 |
| Briarwood Terrace Apartments | Colonial 1 | 1BR,1BA | $1,415 |
| Forest Cove Apartments | 1 Bedroom Floor Plan A2 | 1BR,1BA | $1,424 |
| The Element | Birch | 1BR,1BA | $1,452 |
| Residences at Arlington Heights | The Meadow | 1BR,1BA | $1,470 |
Best Value Apartments for Rent in Mount Prospect, IL
As of November 02, 2025 the best value apartment in the Mount Prospect area is the $1.52 price per square foot 2 BR/ 2 BA Model at Piper Lane in the in the North Northfield neighborhood starting from $1,900. The second greatest value Mount Prospect apartment is the Sheridan - Renovated Model at Orion Arlington Lakes starting at $2,264 with a $1.90 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 | $1.52 |
| Orion Arlington Lakes | Sheridan - Renovated | 2BR,2BA | $1.90 |
| Briarwood Terrace Apartments | Northpoint 2 Split | 2BR,2BA | $1.83 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $1.95 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| Perry Grove Apartments | One Bedroom | 1BR,1BA | $1.73 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,1BA | $1.97 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.92 |
| Hunt Club Apartments | Ash (1 Bed G) | 1BR,1BA | $1.93 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleBest 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 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 ArticleQuick Rent Budget Calculator
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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 Hancock Square at Arlington Station listed at $1,672.
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 Perry Grove Apartments.
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 $1,460 at Perry Grove Apartments.
What is the most affordable Mount Prospect Three Bedroom Apartment?
The best deal on a cheap Mount Prospect Three Bedroom Apartment rental is at Huntington Square and starts from $2,150.
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.
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!
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.