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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 the Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $900 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
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$1,289 - $2,5291 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
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Rent Specials
$1,361 - $2,1231 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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$1,4952 Bedroom Apartment Available Dec 1
636 W Pickwick Ct, Unit GW
636 W Pickwick CtMount 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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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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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 1-16, Page 1 of 1
Downtown Mount Prospect, 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 Downtown Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mount Prospect Studio Apartments | $1,957 | $1,250 | $2,160 |
| Downtown Mount Prospect 1 Bedroom Apartments | $2,086 | $1,289 | $2,900 |
| Downtown Mount Prospect 2 Bedroom Apartments | $2,224 | $1,464 | $3,605 |
| Downtown Mount Prospect 3 Bedroom Apartments | $2,850 | $1,781 | $6,144 |
| Downtown Mount Prospect 4 Bedroom Apartments | $6,538 | $6,538 | $6,538 |
Browse Apartments in this Neighborhood
There are currently 16 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
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 Orion ParkView priced from $1,334. The Eclipse at 1450 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,360. Here are the most affordable Downtown Mount Prospect apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orion ParkView | Monroe | 1BR,1BA | $1,334 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,360 |
| The Element | Birch | 1BR,1BA | $1,504 |
| Mount Prospect Greens | 1x1BR - Renovated Arlington | 1BR,1BA | $1,569 |
| Huntington Square | 1A-217 | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of November 10, 2025 the best value apartment in the Downtown Mount Prospect area is the $2.64 price per square foot 3 Bed A Model at 10 North Main in the in the Westgate neighborhood starting from $3,665. The second greatest value Downtown 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 Downtown Mount Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 10 North Main | 3 Bed A | 3BR,2BA | $2.64 |
| Orion Arlington Lakes | Sheridan - Renovated | 2BR,2BA | $1.90 |
| Mount Prospect Greens | 2x1A - Evanston | 2BR,1BA | $1.98 |
| Orion ParkView | Wells - Renovated | 2BR,2BA | $2.69 |
| Central Park East | A2 | 1BR,1BA | $2.92 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.93 |
| The Element | Birch | 1BR,1BA | $2.31 |
| Huntington Square | 1A-217 | 1BR,1BA | $2.46 |
| 4 North Apartments | Studio | Studio ,1BA | $2.90 |
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 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.
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Pet Friendly LifestyleDowntown Mount Prospect, Mount Prospect, IL
Ranked #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Mount Prospect, 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
Getting Around the Downtown Mount Prospect Neighborhood in Mount Prospect, IL
Walk Score®
79 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 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 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 4 North Apartments listed at $1,700.
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 $1,349 at Orion ParkView.
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 $1,577 at Orion ParkView.
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.