1505 S Canford Cliffs Dr
Mount ProspectIL60056
Cheap Homes for Rent in Mount Prospect, IL from $1,400 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Mount Prospect.
2234 S Goebbert Rd
Arlington HeightsIL60005
1100 N Wheeling Rd
Mount ProspectIL60056
1615 E Central Rd, Unit Dana Point Condo
1615 E Central Rd
Arlington HeightsIL60005
3220 Sanders Rd
NorthbrookIL60062
3448 Salem Walk
NorthbrookIL60062
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.
860 E Old Willow Rd
Prospect HeightsIL60070
715 W Central Rd
Mount ProspectIL60056
1703 W Mansard Ln
Mount ProspectIL60056
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
550 Graceland Ave, Unit 5
550 Graceland Ave
Des PlainesIL60016
2218 S Goebbert Rd
Arlington HeightsIL60005
3606 Salem Walk
NorthbrookIL60062
920 S McKinley Ave
Arlington HeightsIL60005
2222 S Goebbert Rd, Unit 157
2222 S Goebbert Rd
Arlington HeightsIL60005
714 E Algonquin Rd
Arlington HeightsIL60005
900 Perrie Dr
Elk Grove VillageIL60007
940 Beau Dr
Des PlainesIL60016
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.
1417 Cove Dr
Prospect HeightsIL60070
1258 Brown St
Des PlainesIL60016
350 Plum Creek Dr
WheelingIL60090
1515 E Central Rd
Arlington HeightsIL60005
450 Plum Creek Dr
WheelingIL60090
1 N Chestnut Ave
Arlington HeightsIL60005
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
1525 Sander Ct
WheelingIL60090
1550 Sandpebble Dr
WheelingIL60090
330 W Miner St
Arlington HeightsIL60005
330 W Miner St
Arlington HeightsIL60005
Showing Results 1-27, Page 1 of 1
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 Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Prospect 2 Bedroom Homes for Rent | $2,114 | $1,595 | $3,450 |
| Mount Prospect 3 Bedroom Homes for Rent | $3,142 | $2,250 | $6,888 |
| Mount Prospect 4 Bedroom Homes for Rent | $4,782 | $3,395 | $9,000 |
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 Orion Prospect in the Bristol Park neighborhood priced from $1,424. The Eclipse at 1450 in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,449. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orion Prospect | Fulton | 1BR,1BA | $1,424 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,449 |
| Briarwood Terrace Apartments | Sandstone 1 | 1BR,1BA | $1,475 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $1,510 |
| The Element | Birch | 1BR,1BA | $1,513 |
| Residences at Arlington Heights | The Woodfield | 1BR,1BA | $1,519 |
| Orion ParkView | Monroe | 1BR,1BA | $1,542 |
| Mount Prospect Greens | 1x1BP - Partial Renovated Arlington | 1BR,1BA | $1,589 |
Best Value Apartments for Rent in Mount Prospect, IL
As of June 01, 2025 the best value apartment in the Mount Prospect area is the $1.87 price per square foot 651 Beau Ct Model at 651 Beau Ct, Unit # 3 in the in the Downtown Mount Prospect neighborhood starting from $2,800. The second greatest value Mount Prospect apartment is the 2 BR/ 2 BA Model at Piper Lane starting at $1,850 with a $1.48 price per square foot in the Milwaukee Avenue 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. |
|---|---|---|---|
| 651 Beau Ct, Unit # 3 | 651 Beau Ct | 3BR,2BA | $1.87 |
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.48 |
| Orion Arlington Lakes | Lincoln - Renovated | 1BR,1BA | $1.87 |
| ReNew Des Plaines North & South | Des Plaines South - 2x2 | 2BR,2BA | $1.67 |
| Briarwood Terrace Apartments | Northpoint 2 SBS | 2BR,2BA | $1.89 |
| Ashton Arlington Heights | 2 Bed/2 Bath | 2BR,2BA | $1.95 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.92 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.63 |
| 2234 S Goebbert Rd, Unit 225 | 2234 S Goebbert Rd | 1BR,1BA | $1.67 |
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Frequently Asked Questions about Mount Prospect
What type of rentals are currently available in Mount Prospect?
There are currently 427 Apartments for Rent in Mount Prospect, IL with pricing that ranges from $1,075 to $8,075. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Prospect ranging from $1,490 to $9,000.
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 $1,490 to $9,000 with an average monthly rent of $2,934.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.