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$1,309 - $2,4871 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
Cheap Apartments for Rent in the Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $900 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
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$1,425 - $2,4751 to 3 Bedroom Apartments Available Now
The Element
1550 W Dempster StMount Prospect, IL 60056
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$1,600 - $2,2001 to 3 Bedroom Apartments Available Now
Huntington Square
1300 S Elmhurst RdMount Prospect, IL 60056
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$1,700
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,700
Total Monthly Price
$1,700
903 E Ardyce Ln, Unit #2
903 E Ardyce LnMount Prospect, IL 60056
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Studio to 1 Bedroom Apartments
16 W Busse Ave
16 W Busse AveMount Prospect, IL 60056
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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
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 to 2 Bedroom Apartments
Centennial North
900 E Ardyce LnMount Prospect, IL 60056
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1 to 2 Bedroom Apartments
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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1 to 2 Bedroom Apartments
Orion ParkView
1821 W Golf RdMount Prospect, IL 60056
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1 Bedroom Apartments
Centennial South
900 Centennial DrMount Prospect, IL 60056
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$1,295 - $1,4001 Bedroom Apartments Available Now
Dryden Homes- 1-21 N Dryden Pl
3 N Dryden PlArlington Heights, IL 60004
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$1,4001 Bedroom Apartment Available Now
488 E 5th Ct, Unit B
488 E 5th CtDes Plaines, IL 60016
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$1,5002 Bedroom Apartment Available Now
1214 E Northwest Hwy, Unit 5
1214 E Northwest HwyArlington Heights, IL 60004
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$1,675 - $4,624Studio to 3 Bedroom Apartments Available Now
Buckingham
750 E Northwest HwyDes Plaines, IL 60016
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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$1,700 - $3,100Studio to 2 Bedroom Apartments Available Now
4 North Apartments
4 N Hickory AveArlington Heights, IL 60004
755 Dulles Rd
Des PlainesIL60016
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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
Des Plaines Apartments
510-570 E Seegers RdDes Plaines, IL 60016
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1 to 2 Bedroom Apartments
Dryden Apartments
1 N Dryden PlArlington Heights, IL 60004
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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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 | $1,981 | $1,675 | $2,375 |
| Downtown Mount Prospect 1 Bedroom Apartments | $2,019 | $1,309 | $2,800 |
| Downtown Mount Prospect 2 Bedroom Apartments | $2,293 | $1,465 | $3,820 |
| Downtown Mount Prospect 3 Bedroom Apartments | $2,898 | $1,781 | $5,727 |
| Downtown Mount Prospect 4 Bedroom Apartments | $5,405 | $5,405 | $5,405 |
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 24 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. Centennial North 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 |
|---|---|---|---|
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $1,295 |
| Centennial North | North | 1BR,1BA | $1,360 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,361 |
| Orion ParkView | Monroe | 1BR,1BA | $1,418 |
| The Element | 1 Bed 1 Bath Cottonwood B Renovated | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of February 18, 2026 the best value apartment in the Downtown Mount Prospect area is the $2.02 price per square foot 322 Model at Lions Park Row in the in the Westgate neighborhood starting from $4,295. The second greatest value Downtown Mount Prospect apartment is the 903 E Ardyce Ln Model at 903 E Ardyce Ln, Unit #2 starting at $1,800 with a $1.80 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 | 322 | 3BR,2.5BA | $2.02 |
| 903 E Ardyce Ln, Unit #2 | 903 E Ardyce Ln | 2BR,1BA | $1.80 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $1.91 |
| Central Park East | A2 | 1BR,1BA | $2.44 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| 1214 E Northwest Hwy, Unit 5 | 1214 E Northwest Hwy | 2BR,1BA | $1.88 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.93 |
| The Element | 1 Bed 1 Bath Cottonwood B Renovated | 1BR,1BA | $2.07 |
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $2.07 |
| Centennial North | North | 1BR,1BA | $2.34 |
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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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.
Read ArticleCash 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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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
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 $1,295 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 $1,600 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 The Element and starts from $2,475.
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
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.
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.
Best Neighborhoods to Rent in Near Chicago's Top Employers
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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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Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.