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$1,309 - $2,6051 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 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
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$1,361 - $1,8751 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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$1,445 - $2,4751 to 3 Bedroom Apartments Available Now
The Element
1550 W Dempster StMount 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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$1,350 - $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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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.
570 Princeton St
Des PlainesIL60016
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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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Showing Results 1-17, 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 | $2,013 | $1,730 | $2,160 |
| Downtown Mount Prospect 1 Bedroom Apartments | $2,041 | $1,309 | $2,900 |
| Downtown Mount Prospect 2 Bedroom Apartments | $2,251 | $1,450 | $3,700 |
| Downtown Mount Prospect 3 Bedroom Apartments | $2,668 | $1,781 | $5,747 |
| Downtown Mount Prospect 4 Bedroom Apartments | $5,529 | $5,529 | $5,529 |
Browse Apartments in this Neighborhood
There are currently 17 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 Dryden Homes- 1-21 N Dryden Pl priced from $1,350. The Eclipse at 1450 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,361. 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 | $1,350 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,361 |
| Orion ParkView | Columbus | 2BR,1BA | $1,444 |
| The Element | 1 Bed 1 Bath Cottonwood A Renovated | 1BR,1BA | $1,445 |
| Mount Prospect Greens | 1x1BR - Renovated Arlington | 1BR,1BA | $1,569 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of December 25, 2025 the best value apartment in the Downtown Mount Prospect area is the $1.88 price per square foot 603 S McKinley Ave Model at 603 S McKinley Ave, Unit 1n in the in the Downtown Mount Prospect neighborhood starting from $2,250. The second greatest value Downtown Mount Prospect apartment is the 2x1A - Evanston Model at Mount Prospect Greens starting at $1,779 with a $1.99 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. |
|---|---|---|---|
| 603 S McKinley Ave, Unit 1n | 603 S McKinley Ave | 2BR,2BA | $1.88 |
| Mount Prospect Greens | 2x1A - Evanston | 2BR,1BA | $1.99 |
| Central Park East | A2 | 1BR,1BA | $2.56 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| 930 E Shady Way, Unit 2 | 930 E Shady Way | 2BR,1BA | $2.06 |
| Orion ParkView | Monroe - Renovated | 1BR,1BA | $2.19 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.93 |
| The Element | 1 Bed 1 Bath Cottonwood A Renovated | 1BR,1BA | $2.22 |
| Huntington Square | 1A-102 | 1BR,1BA | $2.54 |
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $2.16 |
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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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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Pet Friendly LifestyleDowntown Mount Prospect, Mount Prospect, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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
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 $1,350 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 $1,444 at Orion ParkView.
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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