1900 Knights Bridge Dr
Mount ProspectIL60056
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.
1100 N Wheeling Rd, Unit B4
1100 N Wheeling Rd
Mount ProspectIL60056
1014 E Prairie Ave
Des PlainesIL60016
5 N Dryden Pl
Arlington HeightsIL60004
820 Mcintosh Ct
Prospect HeightsIL60070
1703 W Mansard Ln
Mount ProspectIL60056
16 E Old Willow Rd, Unit 317N
16 E Old Willow Rd
Prospect HeightsIL60070
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.
841 Blossom Ln
Prospect HeightsIL60070
406 Inland Dr, Unit 3A
406 Inland Dr
WheelingIL60090
1910 W Hatherleigh Ct
Mount ProspectIL60056
866 Crimson Ct
Prospect HeightsIL60070
1505 E Central Rd
Arlington HeightsIL60005
710 W Huntington Commons Rd
Mount ProspectIL60056
1511 N Windsor Dr
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.
1436 Quaker Ln
Prospect HeightsIL60070
5513 Chateau Dr
Rolling MeadowsIL60008
829 S Dwyer Ave
Arlington HeightsIL60005
334 W Miner St, Unit 3A
334 W Miner St
Arlington HeightsIL60005
1485 Quaker Ln
Prospect HeightsIL60070
110 S Dunton Ave
Arlington HeightsIL60005
475 Plum Creek Dr
WheelingIL60090
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.
3223 W Parkway Dr
NorthbrookIL60062
1550 Sandpebble Dr
WheelingIL60090
1522 N River W Ct
Mount ProspectIL60056
510 W Eastman St
Arlington HeightsIL60005
510 W Eastman St, Unit 2F
510 W Eastman St
Arlington HeightsIL60005
1194 Cove Dr
Prospect HeightsIL60070
16 E Old Willow Rd
Prospect HeightsIL60070
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 | $2,166 | $1,550 | $3,500 |
| Mount Prospect 3 Bedroom Homes for Rent | $3,504 | $2,700 | $5,700 |
| Mount Prospect 4 Bedroom Homes for Rent | $3,409 | $2,870 | $3,995 |
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. Residences at Arlington Heights in the Des Plaines Arlington Hts Corridor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,383. 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 |
| Residences at Arlington Heights | The Meadow | 1BR,1BA | $1,383 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,400 |
| The Element | 1 Bed 1 Bath Cottonwood A Select | 1BR,1BA | $1,425 |
| Orion ParkView | Monroe | 1BR,1BA | $1,463 |
| Briarwood Terrace Apartments | Northpoint 1 w/ Balcony | 1BR,1BA | $1,475 |
| Orion Prospect | A1 | 1BR,1BA | $1,511 |
Best Value Apartments for Rent in Mount Prospect, IL
As of July 11, 2026 the best value apartment in the Mount Prospect area is the $1.46 price per square foot 744 Dempster St Model at 744 Dempster St, Unit B107 in the in the Downtown Mount Prospect neighborhood starting from $1,900. The second greatest value Mount Prospect apartment is the 2 BR/ 2 BA Model at Piper Lane starting at $2,000 with a $1.60 price per square foot in the North Northfield 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. |
|---|---|---|---|
| 744 Dempster St, Unit B107 | 744 Dempster St | 2BR,1BA | $1.46 |
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.60 |
| 404 Inland Dr, Unit 2B | 404 Inland Dr | 2BR,1BA | $1.63 |
| Briarwood Terrace Apartments | Northpoint 2 SBS | 2BR,2BA | $1.73 |
| 931 Jonathon Ct, Unit River Trails | 931 Jonathon Ct | 2BR,2BA | $1.84 |
| Hunt Club Apartments | Birch (2 Bed U) | 2BR,1BA | $1.68 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.84 |
| 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 |
| 920 E Shady Way, Unit 6 | 920 E Shady Way | 1BR,1BA | $1.88 |
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
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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.
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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 437 Apartments for Rent in Mount Prospect, IL with pricing that ranges from $1,300 to $15,009. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Prospect ranging from $1,450 to $5,700.
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 $1,450 to $5,700 with an average monthly rent of $2,690.
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 $2,079 to $8,186, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $5,700. Four Bedroom Single-Family rentals are also available starting from $2,870 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.