New Apartments for Rent in Mount Prospect, IL (15 Rentals)

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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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Prospect Senior Lofts
Built in 20251 to 2 Bedroom Apartments

Prospect Senior Lofts

2040 W Algonquin RdMount Prospect, IL 60056
Senior Living

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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1300 Jefferson St
Built in 20232 to 3 Bedroom Apartments

1300 Jefferson St

1300 Jefferson StDes Plaines, IL 60016
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Arbor Terrace Glenview
Built in 2019Studio to 1 Bedroom Apartments

Arbor Terrace Glenview

4700 W Lake AveGlenview, IL 60025
Senior Living
  • Utilities Included
  • Smoke Free
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1385 Brown St
Built in 20182 to 3 Bedroom Apartments

1385 Brown St

1385 Brown StDes Plaines, IL 60016

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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Philhaven
Built in 20171 to 3 Bedroom Apartments

Philhaven

2418 E Hintz RdArlington Heights, IL 60004

Mount Prospect, IL Local Guide

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Local Guide Expert

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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. 

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Mount Prospect, IL Rentals by Map

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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

Frequently Asked Questions about New Mount Prospect Apartments

What is the Cheapest New apartment in Mount Prospect?

Currently the most affordable New Apartment in Mount Prospect is at 4 North Apartments listed at $1,875.

How much is the average rent for a New Mount Prospect Apartment?

The average rent for a New Apartment in Mount Prospect is $2,711.

What is the largest New Mount Prospect Apartment for rent?

Today's New apartment with the most square footage in Mount Prospect is a 2,731 square feet unit starting from $2,034 at 20West.

What is the average size for Mount Prospect New Apartments for rent?

The average size for a New rental in Mount Prospect is currently at 621 sq ft.

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.

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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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.