1915 White Chapel Dr
Mount ProspectIL60056
Cheap Homes for Rent in Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $1,400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
1100 N Wheeling Rd
Mount ProspectIL60056
1505 S Canford Cliffs Dr
Mount ProspectIL60056
110 N Lincoln Ln, Unit 2C
110 N Lincoln Ln
Arlington HeightsIL60004
1505 S Canford Cliffs Dr, Unit 2F
1505 S Canford Cliffs Dr
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.
1505 S Canford Cliffs Dr
Mount ProspectIL60056
1793 W Algonquin Rd, Unit 3A
1793 W Algonquin Rd
Mount ProspectIL60056
2419 S Goebbert Rd
Arlington HeightsIL60005
746 Dempster St, Unit BG-11
746 Dempster St
Mount ProspectIL60056
445 S Cleveland Ave
Arlington HeightsIL60005
512 Ida Ct Unit 2
Mount ProspectIL60056
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.
11 W Prospect Ave
Mount ProspectIL60056
Showing Results 1-12, 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 a home in Downtown Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mount Prospect 2 Bedroom Homes for Rent | $2,219 | $1,800 | $3,000 |
| Downtown Mount Prospect 3 Bedroom Homes for Rent | $3,007 | $2,300 | $4,195 |
| Downtown Mount Prospect 4 Bedroom Homes for Rent | $3,952 | $3,215 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Mount Prospect Neighborhood of Mount Prospect, IL.
Explore 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 Orion ParkView priced from $1,440. The Element has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,453. 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 | $1,440 |
| The Element | Birch | 1BR,1BA | $1,453 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,478 |
| Mount Prospect Greens | 2x1.5BP - Partial Renovated Palatine | 2BR,1BA | $1,629 |
| Orion Arlington Lakes | Lincoln | 1BR,1BA | $1,664 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of September 11, 2025 the best value apartment in the Downtown Mount Prospect area is the $2.00 price per square foot 315 W Prospect Ave Model at 315 W Prospect Ave, Unit 1 in the in the Downtown Mount Prospect neighborhood starting from $2,600. The second greatest value Downtown Mount Prospect apartment is the Sheridan Model at Orion Arlington Lakes starting at $2,193 with a $1.84 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. |
|---|---|---|---|
| 315 W Prospect Ave, Unit 1 | 315 W Prospect Ave | 3BR,1.5BA | $2.00 |
| Orion Arlington Lakes | Sheridan | 2BR,2BA | $1.84 |
| Buckingham | a3-buck | 1BR,1BA | $2.07 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $1.90 |
| Orion ParkView | Wells - Renovated | 2BR,2BA | $2.84 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| Central Park East | A1 | 1BR,1BA | $2.84 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $2.10 |
| The Element | Birch | 1BR,1BA | $2.24 |
| 4 North Apartments | Studio, 1 bath | Studio ,1BA | $3.16 |
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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
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
Frequently Asked Questions about Downtown Mount Prospect
What type of rentals are currently available in Downtown Mount Prospect?
There are currently 185 Apartments for Rent in Downtown Mount Prospect, IL with pricing that ranges from $995 to $8,121. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mount Prospect ranging from $1,450 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 $1,450 to $5,400 with an average monthly rent of $2,740.
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 $7,023, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $4,195. Four Bedroom Single-Family rentals are also available starting from $3,215 and Four Bedroom Apartments start at $8,121.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.