860 E Old Willow Rd
Prospect HeightsIL60070
Cheap Homes for Rent in Mount Prospect, IL from $1,200 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Mount Prospect.
1014 E Prairie Ave
Des PlainesIL60016
928 Jonathan Ct
Prospect HeightsIL60070
1500 Busse Rd
Mount ProspectIL60056
1845 White Chapel Dr
Mount ProspectIL60056
2214 S Goebbert Rd, Unit Unit 275
2214 S Goebbert Rd
Arlington HeightsIL60005
700 Perrie Dr
Elk Grove VillageIL60007
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.
870 E Old Willow Rd
Prospect HeightsIL60070
974 Crabapple Dr, Unit 306
974 Crabapple Dr
Prospect HeightsIL60070
850 E Old Willow Rd
Prospect HeightsIL60070
1519 N Windsor Dr
Arlington HeightsIL60004
16 E Old Willow Rd, Unit 514 N
16 E Old Willow Rd
Prospect HeightsIL60070
860 Winesap Ct, Unit 105
860 Winesap Ct
Prospect HeightsIL60070
1125 Pleasant Run Dr
WheelingIL60090
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.
809 S Dwyer Ave
Arlington HeightsIL60005
450 Plum Creek Dr, Unit 108
450 Plum Creek Dr
WheelingIL60090
803 S Dwyer Ave
Arlington HeightsIL60005
2423 E Olive St, Unit Pool Park Ground Unit
2423 E Olive St
Arlington HeightsIL60004
140 E Northwest Hwy
Des PlainesIL60016
2206 S Goebbert Rd
Arlington HeightsIL60005
1115 E Algonquin Rd
Arlington HeightsIL60005
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
Showing Results 1-21, 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 | $2,111 | $1,695 | $2,800 |
| Mount Prospect 3 Bedroom Homes for Rent | $3,265 | $2,000 | $7,500 |
| Mount Prospect 4 Bedroom Homes for Rent | $4,299 | $3,500 | $5,400 |
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. Hunt Club Apartments in the Milwaukee Avenue neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. 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 |
| Hunt Club Apartments | Ash (1 Bed M) | 1BR,1BA | $1,350 |
| Centennial North | North | 1BR,1BA | $1,360 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,361 |
| Orion Prospect | Edison | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Mount Prospect, IL
As of February 19, 2026 the best value apartment in the Mount Prospect area is the $2.02 price per square foot 322 Model at Lions Park Row in the in the Westgate neighborhood starting from $4,295. The second greatest value Mount Prospect apartment is the 2 BR/ 2 BA Model at Piper Lane starting at $1,950 with a $1.56 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. |
|---|---|---|---|
| Lions Park Row | 322 | 3BR,2.5BA | $2.02 |
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.56 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| 903 E Ardyce Ln, Unit #2 | 903 E Ardyce Ln | 2BR,1BA | $1.70 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.99 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.75 |
| 1214 E Northwest Hwy, Unit 5 | 1214 E Northwest Hwy | 2BR,1BA | $1.88 |
| Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $1.90 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,1BA | $1.97 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.93 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 ArticleQuick Rent Budget Calculator
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Best Local Schools in 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
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 428 Apartments for Rent in Mount Prospect, IL with pricing that ranges from $1,160 to $12,237. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Prospect ranging from $1,275 to $7,500.
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 $1,275 to $7,500 with an average monthly rent of $2,823.
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 $1,781 to $6,308, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $7,500. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $5,387.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.