Cheap Apartments for Rent in Prospect Heights, IL from $800 (58 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Prospect Heights.

property at 922 E Old Willow Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

922 E Old Willow Rd

Prospect HeightsIL60070
property at 841 Blossom Ln

$1,700

2 Bedroom Rentals

Available Now

841 Blossom Ln

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.

Read Article
property at 8 Oak Creek Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

8 Oak Creek Dr, Unit 3807

8 Oak Creek Dr
Buffalo GroveIL60089

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.

Read Article
property at 1519 N Windsor Dr

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

1519 N Windsor Dr, Unit #210

1519 N Windsor Dr
Arlington HeightsIL60004
property at 509 N Dunton Ave

$1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,825
Total Monthly Price
$1,825

1 Bedroom, 1 Bath Condo for Rent

Available Now

509 N Dunton Ave, Unit #6, 2nd Floor

509 N Dunton Ave
Arlington HeightsIL60004
close
View Me
Brook Run
$1,844 - $4,277
Total Monthly Price

Total Monthly Price

Base Rent
$1,844 - $4,277
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Jun 13

Brook Run

2734 N Buffalo Grove RdArlington Heights, IL 60004
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
property at 4400 W Lake Ave

$1,695 - $2,645

1 To 2 Bedroom Rentals

Available Jul 7

4400 W Lake Ave

GlenviewIL60026
property at 334 W Miner St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1 Bath Condo for Rent

Available Now

334 W Miner St, Unit 3A

334 W Miner St
Arlington HeightsIL60005
close
View Me
Rivertrail Apartments
1 to 2 Bedroom Apartments

Rivertrail Apartments

515-519 S Milwaukee AveWheeling, IL 60090
  • Utilities Included
close
View Me
55-77 E Strong St
Studio to 1 Bedroom Apartments

55-77 E Strong St

55-77 E Strong StWheeling, IL 60090
  • Utilities Included
close
View Me
919 S McKinley Ave
1 to 2 Bedroom Apartments

919 S McKinley Ave

919 S McKinley AveArlington Heights, IL 60005

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.

Read Article
close
View Me
16 W Busse Ave
Studio to 1 Bedroom Apartments

16 W Busse Ave

16 W Busse AveMount Prospect, IL 60056
  • Utilities Included
close
View Me
Wheeling Manor
1 to 2 Bedroom Apartments

Wheeling Manor

305 9th StWheeling, IL 60090
  • Utilities Included
close
View Me
Mallard Lake
Studio to 2 Bedroom Apartments

Mallard Lake

1572 Teal LnWheeling, IL 60090
Corporate Housing
close
View Me
Dryden Apartments
1 to 2 Bedroom Apartments

Dryden Apartments

1 N Dryden PlArlington Heights, IL 60004
  • Utilities Included
close
View Me
Salem Lane Apartments
1 to 3 Bedroom Apartments

Salem Lane Apartments

211 N Kaspar AveArlington Heights, IL 60005
  • Utilities Included
close
View Me
315 SALEM LLC
1 to 2 Bedroom Apartments

315 SALEM LLC

315 N Salem AveArlington Heights, IL 60005
close
View Me
Foxboro Apartments
1 to 2 Bedroom Apartments

Foxboro Apartments

470 Foxboro DrWheeling, IL 60090
Corporate Housing

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-50, Page 1 of 2

Prospect Heights, IL Local Guide

Cheapest Available Prospect Heights Apartments for Rent

 

The cheapest available apartment rental in Prospect Heights, IL is a 1 Bed unit found at Briarwood Terrace Apartments in the North Northfield neighborhood priced from $1,499. Foxboro Apartments in the Dundee Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,535. Here is today’s list of the most affordable Prospect Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briarwood Terrace ApartmentsColonial 11BR,1BA$1,499
Foxboro ApartmentsAstor1BR,1BA$1,535
Mallard LakeGeneva1BR,1BA$1,570
214-222 S Pine Ave1BD/1BA1BR,1BA$1,600
Circle Hill Apartments1 Bedroom/1 Bath1BR,1BA$1,600
Stonebridge of Arlington Heights1x1 A1BR,1BA$1,609
ReNew Lake Arlington1x1A1BR,1BA$1,629
Mandalane1C1BR,1BA$1,640
Park Meadows LLC1BR/1.0BA1BR,1BA$1,675

Best Value Apartments for Rent in Prospect Heights, IL

As of June 13, 2026 the best value apartment in the Prospect Heights area is the $1.60 price per square foot 2 BR/ 2 BA Model at Piper Lane in the in the North Northfield neighborhood starting from $2,000. The second greatest value Prospect Heights apartment is the 110 S Dunton Ave Model at 110 S Dunton Ave, Unit 3C starting at $2,500 with a $2.03 price per square foot in the Central Business District neighborhood. Here is today’s list of the best values for Prospect Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Piper Lane2 BR/ 2 BA2BR,2BA$1.60
110 S Dunton Ave, Unit 3C110 S Dunton Ave2BR,2BA$2.03
931 Jonathon Ct, Unit River Trails931 Jonathon Ct2BR,2BA$1.84
Circle Hill Apartments1 Bedroom/1 Bath1BR,1BA$1.84
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$2.03
Briarwood Terrace ApartmentsColonial 11BR,1BA$1.78
Mallard LakeGeneva1BR,1BA$1.96
1214 E Northwest Hwy, Unit 51214 E Northwest Hwy2BR,1BA$1.88
ReNew Lake Arlington1x1A1BR,1BA$2.17
214-222 S Pine Ave1BD/1BA1BR,1BA$2.13

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
Decorative image

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 Article
Decorative image

A 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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Prospect Heights, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Prospect Heights, IL

View Map
Prospect Heights, IL Apartments Map
View Map
Prospect Heights, IL Rental Homes Map

Frequently Asked Questions about Cheap Prospect Heights Apartments

What is the Cheapest Studio apartment in Prospect Heights?

Currently the most affordable Cheap Studio Apartment in Prospect Heights is at 4 North Apartments listed at $1,700.

How much is rent for a Cheap One Bedroom Prospect Heights Apartment?

The lowest price for a Cheap One Bedroom Prospect Heights Apartment is $1,499 at Briarwood Terrace Apartments.

What is the lowest price for a Cheap Two Bedroom Prospect Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect Heights is starting from $1,750 at Briarwood Terrace Apartments.

What is the most affordable Prospect Heights Three Bedroom Apartment?

The best deal on a cheap Prospect Heights Three Bedroom Apartment rental is at Lake+House Apartments and starts from $2,545.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.