1014 E Prairie Ave
Des PlainesIL60016
Cheap Homes for Rent in Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $1,100 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
1500 Busse Rd
Mount ProspectIL60056
613 Central Rd
Mount ProspectIL60056
613 W Central Rd, Unit B7
613 W Central Rd
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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$1,7002 Bedroom Apartments Available Now
780 Waikiki Dr
780 Waikiki DrDes Plaines, IL 60016
1785 W Algonquin Rd, Unit 3A
1785 W Algonquin Rd
Mount ProspectIL60056
920 Beau Dr, Unit 309
920 Beau Dr
Des PlainesIL60016
140 E Northwest Hwy
Des PlainesIL60016
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.
1781 Algonquin Rd
Mount ProspectIL60056
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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 a home in Downtown Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mount Prospect 2 Bedroom Homes for Rent | $2,193 | $1,750 | $2,800 |
| Downtown Mount Prospect 3 Bedroom Homes for Rent | $2,739 | $2,000 | $3,400 |
| Downtown Mount Prospect 4 Bedroom Homes for Rent | $4,066 | $3,300 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Mount Prospect Neighborhood of Mount Prospect, IL.
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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 $1,361. 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 | $1,295 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,361 |
| The Element | 1 Bed 1 Bath Cottonwood A Renovated | 1BR,1BA | $1,445 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of January 08, 2026 the best value apartment in the Downtown Mount Prospect area is the $1.97 price per square foot 2x1AR - Renovated Evanston Model at Mount Prospect Greens in the in the Downtown Mount Prospect neighborhood starting from $1,759. The second greatest value Downtown Mount Prospect apartment is the A2 Model at Central Park East starting at $2,172 with a $2.68 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. |
|---|---|---|---|
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $1.97 |
| Central Park East | A2 | 1BR,1BA | $2.68 |
| 930 E Shady Way, Unit 2 | 930 E Shady Way | 2BR,1BA | $2.06 |
| Orion ParkView | Monroe - Renovated | 1BR,1BA | $2.51 |
| 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-g9 | 1BR,1BA | $2.54 |
| Centennial South | South | 1BR,1BA | $2.71 |
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $2.07 |
| Buckingham | a0-buck | Studio ,1BA | $2.83 |
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.
Read ArticleQuick Rent Budget Calculator
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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 Downtown Mount Prospect
What type of rentals are currently available in Downtown Mount Prospect?
There are currently 187 Apartments for Rent in Downtown Mount Prospect, IL with pricing that ranges from $1,295 to $6,879. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mount Prospect ranging from $1,100 to $5,400.
What is the current price range for Rental Homes in Downtown Mount Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Mount Prospect ranges from $1,100 to $5,400 with an average monthly rent of $2,684.
How much are larger Three and Four Bedroom Rentals in Downtown Mount Prospect?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Mount Prospect range from $1,781 to $6,879, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,400. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $5,596.
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
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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.
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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.
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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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Articles, How-To's, and Tips
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.
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!