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$1,3501 Bedroom Apartments Available Now
351 Hawthorne Cir, Unit 5
351 Hawthorne CirMount Prospect, IL 60056
Cheap Homes for Rent in the Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $1,525 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
1100 N Wheeling Rd, Unit A3
1100 N Wheeling Rd
Mount ProspectIL60056
5 N Dryden Pl
Arlington HeightsIL60004
725 W Huntington Commons Rd
Mount ProspectIL60056
701 W Central Rd
Mount ProspectIL60056
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
1110 N Wheeling Rd, Unit C3
1110 N Wheeling Rd
Mount ProspectIL60056
611 W Central Rd
Mount ProspectIL60056
1415 E Central Rd, Unit Dana Point
1415 E Central Rd
Arlington HeightsIL60005
1415 E Central Rd
Arlington HeightsIL60005
110 N Lincoln Ln, Unit 2C
110 N Lincoln Ln
Arlington HeightsIL60004
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-10, Page 1 of 1
Downtown Mount Prospect, Mount Prospect, IL Local Guide
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 | $2,224 | $1,550 | $4,200 |
| Downtown Mount Prospect 3 Bedroom Homes for Rent | $2,853 | $2,200 | $3,650 |
| Downtown Mount Prospect 4 Bedroom Homes for Rent | $3,325 | $2,950 | $3,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 10 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
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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 The Element priced from $1,395. The Eclipse at 1450 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here are the most affordable Downtown Mount Prospect apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Element | 1 Bed 1 Bath Cottonwood B Select LTD | 1BR,1BA | $1,395 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,400 |
| Orion ParkView | Monroe | 1BR,1BA | $1,545 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of September 09, 2026 the best value apartment in the Downtown Mount Prospect area is the $1.85 price per square foot 911 E Miner St Model at 911 E Miner St, Unit 9 in the in the Downtown Mount Prospect neighborhood starting from $1,850. The second greatest value Downtown Mount Prospect apartment is the Wells - Renovated Model at Orion ParkView starting at $1,968 with a $2.29 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. |
|---|---|---|---|
| 911 E Miner St, Unit 9 | 911 E Miner St | 2BR,1BA | $1.85 |
| Orion ParkView | Wells - Renovated | 2BR,2BA | $2.29 |
| 1214 E Northwest Hwy, Unit 5 | 1214 E Northwest Hwy | 2BR,1BA | $1.88 |
| 488 E 5th Ct | 488 E 5th Ct | 1BR,1BA | $1.75 |
| 930 E Shady Way, Unit 9 | 930 E Shady Way | 1BR,1BA | $1.85 |
| Buckingham | a1b-buck | 1BR,1BA | $2.52 |
| Mount Prospect Greens | 1x1A - Prospect | 1BR,1BA | $2.24 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.99 |
| The Element | 1 Bed 1 Bath Cottonwood A Select | 1BR,1BA | $2.21 |
| Huntington Square | 1A | 1BR,1BA | $2.54 |
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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 K-5 (456)
9 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 192 Apartments for Rent in Downtown Mount Prospect, IL with pricing that ranges from $1,300 to $4,695. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mount Prospect ranging from $1,525 to $4,200.
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 $1,525 to $4,200 with an average monthly rent of $2,503.
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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