close
View Me
$1,3501 Bedroom Apartments Available Now
327 Hawthorne Cir, Unit 4
327 Hawthorne CirMount Prospect, IL 60056
Cheap Homes for Rent in Mount Prospect, IL from $1,400 (28 Rentals)
Search the lowest-cost Homes available for rent right now in Mount Prospect.
close
View Me
$1,3501 Bedroom Apartments Available Now
301 Hawthorne Cir, Unit 6
301 Hawthorne CirMount Prospect, IL 60056
1910 W Hatherleigh Ct
Mount ProspectIL60056
close
View Me
$1,4102 Bedroom Apartments Available Jul 1
650 Carroll Square
650 Carroll SquareElk Grove Village, IL 60007
860 E Old Willow Rd
Prospect HeightsIL60070
1900 Knights Bridge Dr
Mount ProspectIL60056
710 W Huntington Commons Rd
Mount ProspectIL60056
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
923 Jonathon Ct, Unit 304, Unit 304
923 Jonathon Ct
Prospect HeightsIL60070
1105 Holiday Ln
Des PlainesIL60016
1834 W Willow Ln
Mount ProspectIL60056
1840 W Hatherleigh Ct
Mount ProspectIL60056
1285 Washington St, Unit #8, Unit #8
1285 Washington St
Des PlainesIL60016
1080 N Wheeling Rd, Unit B4
1080 N Wheeling Rd
Mount ProspectIL60056
1702 E Northwest Hwy
Arlington HeightsIL60004
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.
1519 N Windsor Dr, Unit #210, Unit #210
1519 N Windsor Dr
Arlington HeightsIL60004
close
View Me
$1,7002 Bedroom Apartments Available Now
398 N 3rd Ave, Unit 4
398 N 3rd AveDes Plaines, IL 60016
841 Blossom Ln
Prospect HeightsIL60070
1119 E Algonquin Rd
Arlington HeightsIL60005
1405 E Central Rd
Arlington HeightsIL60005
707 Falcon Dr
Arlington HeightsIL60005
932 E Old Willow Rd
Prospect HeightsIL60070
Cash 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.
1485 Quaker Ln
Prospect HeightsIL60070
509 N Dunton Ave, Unit #6, 2nd Floor, Unit #6, 2nd Floor
509 N Dunton Ave
Arlington HeightsIL60004
18 E Old Willow Rd, Unit 425N, Unit 425N
18 E Old Willow Rd
Prospect HeightsIL60070
831 Mcintosh Ct
Prospect HeightsIL60070
3223 W Parkway Dr
NorthbrookIL60062
750 W Dempster St
Mount ProspectIL60056
510 W Eastman St
Arlington HeightsIL60005
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.
Showing Results 1-28, Page 1 of 1
Mount Prospect, IL Local Guide
How much does it cost to rent a home in Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Prospect 2 Bedroom Homes for Rent | $2,175 | $1,650 | $2,700 |
| Mount Prospect 3 Bedroom Homes for Rent | $3,494 | $2,350 | $4,695 |
| Mount Prospect 4 Bedroom Homes for Rent | $3,413 | $3,099 | $4,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Mount Prospect
Explore Mount Prospect
Mount Prospect, IL Local Guide
- Mount Prospect Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Mount Prospect Apartments for Rent
The cheapest available apartment rental in Mount Prospect, IL is a 1 Bed unit found at Dryden Homes- 1-21 N Dryden Pl in the Downtown Mount Prospect neighborhood priced from $1,295. Orion Prospect in the Bristol Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,321. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $1,295 |
| Orion Prospect | Kenwood | 1BR,1BA | $1,321 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,400 |
| The Element | 1 Bed 1 Bath Cottonwood A Renovated | 1BR,1BA | $1,425 |
| Residences at Arlington Heights | The Meadow | 1BR,1BA | $1,443 |
| Briarwood Terrace Apartments | Northpoint 1 w/ Balcony | 1BR,1BA | $1,475 |
| Mount Prospect Greens | 1x1BP - Partial Renovated Arlington | 1BR,1BA | $1,549 |
| Orion ParkView | Monroe | 1BR,1BA | $1,572 |
| Foxboro Apartments | Easton | 1BR,1BA | $1,576 |
Best Value Apartments for Rent in Mount Prospect, IL
As of May 26, 2026 the best value apartment in the Mount Prospect area is the $1.93 price per square foot 1002 E Callero Cir Model at 1002 E Callero Cir, Unit 2 in the in the Westgate neighborhood starting from $2,600. The second greatest value Mount Prospect apartment is the 2x1.5 Model at ReNew Lake Arlington starting at $2,019 with a $1.92 price per square foot in the McHenry Road neighborhood. Here is today’s list of the best values for Mount Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1002 E Callero Cir, Unit 2 | 1002 E Callero Cir | 3BR,1.5BA | $1.93 |
| ReNew Lake Arlington | 2x1.5 | 2BR,1.5BA | $1.92 |
| Briarwood Terrace Apartments | Northpoint 2 Split | 2BR,2BA | $1.76 |
| Ashton Arlington Heights | B2 | 2BR,2BA | $1.98 |
| 931 Jonathon Ct, Unit River Trails | 931 Jonathon Ct | 2BR,2BA | $1.84 |
| Hunt Club Apartments | Birch (2 Bed M) | 2BR,1BA | $1.68 |
| 1519 N Windsor Dr, Unit 309 | 1519 N Windsor Dr | 1BR,1BA | $1.89 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.84 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.99 |
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
Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Mount Prospect area?
If you’re an expert on all things Mount Prospect, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Mount Prospect, ILPopulation: 54,198
Ranked #716
in US Census Population by City
Best Local Schools in 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
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mount Prospect, IL Rentals by Map
See the most popular apartments and homes in Mount Prospect, IL
Frequently Asked Questions about Mount Prospect
What type of rentals are currently available in Mount Prospect?
There are currently 433 Apartments for Rent in Mount Prospect, IL with pricing that ranges from $1,321 to $14,709. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Prospect ranging from $1,400 to $4,695.
What is the current price range for Rental Homes in Mount Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Prospect ranges from $1,400 to $4,695 with an average monthly rent of $2,663.
How much are larger Three and Four Bedroom Rentals in Mount Prospect?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mount Prospect range from $2,110 to $9,184, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,350 to $4,695. Four Bedroom Single-Family rentals are also available starting from $3,099 and Four Bedroom Apartments start at $10,000.
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
Written by: Nicole Harms
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.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.