
Apartments for Rent in the Downtown Mount Prospect Neighborhood of Mount Prospect, IL (218 Rentals)


Huntington Square

The Element

The Eclipse at 1450

Mount Prospect Greens

Lions Park Row

Total Monthly Price
The Dawson

Prospect Place Luxury Apartments

Total Monthly Price
20West

HQ Residences Apartments
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

10 North Main

Total Monthly Price
1202 E Ardyce Ln, Unit APT 1

1100 N Wheeling Rd, Unit 2A

1100 N Wheeling Rd, Unit A3

1100 N Wheeling Rd

332 S School St

701 W Central Rd

318 N Owen St

904 S Edward St

5 E Judith Ann Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

304 W Golf Rd

1431 E Emmerson Ln

926 N Boxwood Dr

602 S Carol Ln

1802 W Willow Ln

11 S Wille St, Unit 705

321 N Fairview Ave

4 North Apartments

Central Park East

Dryden Homes- 1-21 N Dryden Pl
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

930 E Shady Way, Unit 9

488 E 5th Ct

330 Cambridge Rd

Total Monthly Price
508 S Warrington Rd, Unit SI ID1237896P

920 Beau Dr

19 Marina Dr

1515 E Central Rd

1415 E Central Rd

1605 E Central Rd

1206 E Fairview St
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

505 S Cleveland Ave

535 S Cleveland Ave

818 Leahy Cir E

748 E 5th Ct

15 N Dryden Pl

736 N Wilshire Ln

615 E Golf Rd, Unit 2

408 N Windsor Dr

Countryside Apartments

The Emerson at Village Centre
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.
Downtown Mount Prospect, Mount Prospect, IL Local Guide

How much does it cost to rent an apartment in Downtown Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mount Prospect Studio Apartments | $2,087 | $1,700 | $2,299 |
| Downtown Mount Prospect 1 Bedroom Apartments | $1,939 | $1,350 | $2,786 |
| Downtown Mount Prospect 2 Bedroom Apartments | $2,132 | $1,550 | $3,620 |
| Downtown Mount Prospect 3 Bedroom Apartments | $3,310 | $2,175 | $4,695 |
| Downtown Mount Prospect 4 Bedroom Apartments | $12,022 | $10,000 | $10,000+ |
How much does it cost to rent a home in Downtown Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $2,409 | $1,750 | $4,200 |
| 3 Bedroom Homes | $3,413 | $2,400 | $4,475 |
| 4 Bedroom Homes | $3,800 | $3,800 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 218 rentals with your search options within a 2 mile radius of the Downtown Mount Prospect Neighborhood of Mount Prospect, IL.
See all Apartments in Mount ProspectExplore Mount Prospect
Downtown Mount Prospect, Mount Prospect, IL Local Guide
- Nearby Mount Prospect neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Downtown Mount Prospect, Mount Prospect, IL
Lions Park Elementary School
School data provided by Great Schools
Frequently Asked Questions about Downtown Mount Prospect
What is the current pricing and availability for apartments for rent in the Downtown Mount Prospect area of Mount Prospect, IL?
As of today, August 19, 2026, there are currently 218 available Downtown Mount Prospect apartments priced from $1,350 to $12,022, with an average monthly rent of $2,147.
How much are Studio apartments in Downtown Mount Prospect?
There are currently 97 Studio Apartments in Downtown Mount Prospect with rent ranges from $1,700 to $2,299 with an average price of $2,087.
What is the current price range for One Bedroom Downtown Mount Prospect Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Mount Prospect ranges from $1,350 to $2,786 with an average monthly rent of $1,939.
What does renting a Two Bedroom Apartment in Downtown Mount Prospect cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Mount Prospect range from $1,550 to $3,620. Today's average rental price for Two Bedrooms here is $2,132.
How expensive are Downtown Mount Prospect Three Bedroom Apartments?
There are currently 16 Three Bedroom Apartments listings available in Downtown Mount Prospect on ApartmentHomeLiving.com. The pricing ranges from $2,175 to $4,695 - averaging $3,310 for the location.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.