Studio Apartments for Rent in Mount Prospect, IL (161 Rentals)

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323 Hawthorne Cir
Studio Apartments

323 Hawthorne Cir

323 Hawthorne CirMount Prospect, IL 60056

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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509 W Dempster St
Studio Apartments

509 W Dempster St

509 W Dempster StMount Prospect, IL 60056

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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517 W Dempster St
Studio Apartments

517 W Dempster St

517 W Dempster StMount Prospect, IL 60056
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1-3 N Main St
Studio Apartments

1-3 N Main St

1-3 N Main StMount Prospect, IL 60056
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1155 N Boxwood Dr
Studio Apartments

1155 N Boxwood Dr

1155 N Boxwood DrMount Prospect, IL 60056

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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1195 N Boxwood Dr
Studio Apartments

1195 N Boxwood Dr

1195 N Boxwood DrMount Prospect, IL 60056
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515 W Dempster St
Studio Apartments

515 W Dempster St

515 W Dempster StMount Prospect, IL 60056
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553 W Dempster St
Studio Apartments

553 W Dempster St

553 W Dempster StMount Prospect, IL 60056
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557 Dempster St
Studio Apartments

557 Dempster St

557 Dempster StMount Prospect, IL 60056
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529 W Dempster St
Studio Apartments

529 W Dempster St

529 W Dempster StMount Prospect, IL 60056
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1145 Boxwood Dr
Studio Apartments

1145 Boxwood Dr

1145 Boxwood DrMount Prospect, IL 60056

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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525 W Dempster St
Studio Apartments

525 W Dempster St

525 W Dempster StMount Prospect, IL 60056
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1135 N Boxwood Dr
Studio Apartments

1135 N Boxwood Dr

1135 N Boxwood DrMount Prospect, IL 60056
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505 Dogwood Ln
Studio Apartments

505 Dogwood Ln

505 Dogwood LnMount Prospect, IL 60193
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5-7 N Main St
Studio Apartments

5-7 N Main St

5-7 N Main StMount Prospect, IL 60056

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Mount Prospect, IL Local Guide

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Largest Available Mount Prospect Studio Apartments

The largest available Studio apartment unit in Mount Prospect, IL is found at Top of The Mount Apartments in the Westgate neighborhood and is 663 square feet priced from $2,160. HQ Residences has the second largest Studio, which is sized at 619 square feet and currently listed start at $2,113. Here is today’s list of the largest available Studio units in Mount Prospect:

Apartment ListingModel NameSquare FootagePriced From
Top of The Mount ApartmentsS5 - Jr One Bedroom663 Sq Ft$2,160
HQ ResidencesHQ-SA619 Sq Ft$2,113
20WestS2617 Sq Ft$2,044
Hancock Square at Arlington StationS1608 Sq Ft$1,676
Buckinghama0-buck603 Sq Ft$1,705
Arrive GlenviewE1599 Sq Ft$1,909
10 North MainStudio A595 Sq Ft$1,955

Cheapest Available Mount Prospect Studio Apartments

As of January 09, 2026 the lowest priced Studio apartment unit in Mount Prospect, IL is the S1 Model starting from $1,676 at Hancock Square at Arlington Station in the Central Business District neighborhood. The second most affordable Mount Prospect Studio is the a0-buck Model at Buckingham starting at $1,705 in the Metropolitan Square neighborhood. The average price for all Studio apartments in Mount Prospect is currently $1,881. Here is today’s list of the cheapest available Studio options in Mount Prospect:

Apartment ListingModel NamePriced From
Hancock Square at Arlington StationS1$1,676
Buckinghama0-buck$1,705
Arrive GlenviewE1$1,909
10 North MainStudio A$1,955
20WestS2$2,044
Top of The Mount ApartmentsS4 - Jr One Bedroom$2,060
HQ ResidencesHQ-SA$2,113

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

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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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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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A 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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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. 

Best Local Schools in
Mount Prospect, IL

School data provided by Great Schools

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

Explore Mount Prospect, IL Rentals by Map

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See the most popular apartments and homes in Mount Prospect, IL

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Frequently Asked Questions about Studio Mount Prospect Apartments

What is the Cheapest apartment in Mount Prospect with Studio?

Currently the most affordable Studio in Mount Prospect is at Hancock Square at Arlington Station listed at $1,676.

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

The average rent for a Studio Apartment in Mount Prospect is $1,881.

What is the largest available Studio Mount Prospect Apartment for rent?

Today's apartment with the most square footage in Mount Prospect is a 663 square feet unit starting from $2,160 at Top of The Mount Apartments.

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

The average size for a Studio rental in Mount Prospect is currently 599 sq ft.

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

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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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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.

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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.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!