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$1,295 - $2,4991 to 3 Bedroom Apartments Available Now
The Element
1550 W Dempster StMount Prospect, IL 60056
Cheap Apartments for Rent in the Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $900 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
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$1,400 - $1,7501 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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$1,519 - $2,5741 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
1080 N Wheeling Rd, Unit B4
1080 N Wheeling Rd
Mount ProspectIL60056
1080 N Wheeling Rd
Mount ProspectIL60056
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Rent Specials
$1,600 - $2,2001 to 3 Bedroom Apartments Available Now
Huntington Square
1300 S Elmhurst RdMount Prospect, IL 60056
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Studio to 1 Bedroom Apartments
16 W Busse Ave
16 W Busse AveMount Prospect, IL 60056
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 2 Bedroom Apartments
Windsor Courts
519 Dempster StMount Prospect, IL 60056
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2 Bedroom Apartments
Brownstone Court
1474-1484 S Brownstone CtMount Prospect, IL 60056
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2 Bedroom Apartments
637 W Pickwick Ct
637 W Pickwick CtMount Prospect, IL 60056
1900 Knights Bridge Dr
Mount ProspectIL60056
710 W Huntington Commons Rd
Mount ProspectIL60056
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1 to 2 Bedroom Apartments
Orion ParkView
1821 W Golf RdMount Prospect, IL 60056
1910 W Hatherleigh Ct
Mount ProspectIL60056
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 Bedroom Apartments
Centennial South
900 Centennial DrMount Prospect, IL 60056
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$1,295 - $1,6001 to 2 Bedroom Apartments Available Now
Dryden Homes- 1-21 N Dryden Pl
3 N Dryden PlArlington Heights, IL 60004
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$1,3901 Bedroom Apartment Available Jun 1
920 E Shady Way, Unit 6, Unit 6
920 E Shady WayArlington Heights, IL 60005
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$1,4001 Bedroom Apartment Available Now
488 E 5th Ct, Unit B, Unit B
488 E 5th CtDes Plaines, IL 60016
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$1,6902 Bedroom Apartment Available Jun 1
930 E Shady Way, Unit 7, Unit 7
930 E Shady WayArlington Heights, IL 60005
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$1,7002 Bedroom Apartments Available Now
398 N 3rd Ave, Unit 4
398 N 3rd AveDes Plaines, IL 60016
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$1,700 - $3,100Studio to 2 Bedroom Apartments Available Now
4 North Apartments
4 N Hickory AveArlington Heights, IL 60004
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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1 Bedroom Apartments
Shady Way
920 E Shady WayArlington Heights, IL 60005
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1 to 2 Bedroom Apartments
919 S McKinley Ave
919 S McKinley AveArlington Heights, IL 60005
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2 Bedroom Apartments
1214 E Northwest Highway
414 Chatham PlArlington Heights, IL 60004
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Studio to 3 Bedroom Apartments
ReNew Des Plaines North
270-290 S Beau DrDes Plaines, IL 60016
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1 to 2 Bedroom Apartments
Dryden Apartments
1 N Dryden PlArlington Heights, IL 60004
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1 to 2 Bedroom Apartments
Des Plaines Apartments
510-570 E Seegers RdDes Plaines, IL 60016
15 N Dryden Pl
Arlington HeightsIL60004
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.
7 N Dryden Pl
Arlington HeightsIL60004
819 E Miner St
Arlington HeightsIL60004
Showing Results 1-30, Page 1 of 1
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 | $2,045 | $1,800 | $2,375 |
| Downtown Mount Prospect 1 Bedroom Apartments | $1,940 | $1,295 | $2,750 |
| Downtown Mount Prospect 2 Bedroom Apartments | $2,227 | $1,550 | $3,661 |
| Downtown Mount Prospect 3 Bedroom Apartments | $3,665 | $2,175 | $9,240 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 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
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Cheapest Available Downtown Mount Prospect Apartments for Rent
The cheapest available apartment rental in the Downtown Mount Prospect area of Chicago, IL is a 1 Bed unit found at Dryden Homes- 1-21 N Dryden Pl priced from $1,295. The Eclipse at 1450 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here are the most affordable Downtown Mount Prospect apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $1,295 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,400 |
| The Element | 1 Bed 1 Bath Cottonwood A Renovated | 1BR,1BA | $1,425 |
| Orion ParkView | Monroe | 1BR,1BA | $1,537 |
| Mount Prospect Greens | 1x1BP - Partial Renovated Arlington | 1BR,1BA | $1,549 |
| Huntington Square | 1A | 1BR,1BA | $1,600 |
| Centennial South | South | 1BR,1BA | $1,694 |
| 4 North Apartments | 1 Bedroom | 1BR,1BA | $2,000 |
| 20West | S1 | Studio,1BA | $2,074 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of May 20, 2026 the best value apartment in the Downtown Mount Prospect area is the $2.56 price per square foot 318 Model at Lions Park Row in the in the Westgate neighborhood starting from $4,695. The second greatest value Downtown Mount Prospect apartment is the 1002 E Callero Cir Model at 1002 E Callero Cir, Unit 2 starting at $2,600 with a $1.93 price per square foot in the Westgate neighborhood. Here is today’s list of the best values for Downtown Mount Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lions Park Row | 318 | 3BR,2.5BA | $2.56 |
| 1002 E Callero Cir, Unit 2 | 1002 E Callero Cir | 3BR,1.5BA | $1.93 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $2.01 |
| Orion ParkView | Randolph - Renovated | 2BR,1BA | $2.29 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| 4 North Apartments | 1 Bedroom | 1BR,1BA | $2.70 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.99 |
| The Element | 1 Bed 1 Bath Cottonwood A Renovated | 1BR,1BA | $2.19 |
| Huntington Square | 1A | 1BR,1BA | $2.54 |
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $2.07 |
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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Real 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.
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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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Best Local Schools in Downtown Mount Prospect, Mount Prospect, IL
Lions Park Elementary School
Mount Prospect School District 57
Public School - Grades K-5 (456)
9 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Mount Prospect Apartments
What is the Cheapest Studio apartment in Downtown Mount Prospect?
Currently the most affordable Cheap Studio Apartment in Downtown Mount Prospect is at 20West listed at $2,074.
How much is rent for a Cheap One Bedroom Downtown Mount Prospect Apartment?
The lowest price for a Cheap One Bedroom Downtown Mount Prospect Apartment is $1,295 at Dryden Homes- 1-21 N Dryden Pl.
What is the lowest price for a Cheap Two Bedroom Downtown Mount Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Mount Prospect is starting from $1,555 at The Element.
What is the most affordable Downtown Mount Prospect Three Bedroom Apartment?
The best deal on a cheap Downtown Mount Prospect Three Bedroom Apartment rental is at Lions Park Row and starts from $4,295.
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.
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