
Cheap Apartments for Rent in Prospect Heights, IL from $800 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Heights.


Total Monthly Price
931 Jonathon Ct, Unit River Trails

Piper Lane

841 Blossom Ln

315 E Kenilworth Ave

1436 Quaker Ln

1194 Cove Dr

Dryden Homes- 1-21 N Dryden Pl

Hunt Club Apartments

Salem Walk Apartments
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

ReNew Lake Arlington

490 Pleasant Run Dr, Unit 490-A

646 N Kaspar Ave

Total Monthly Price
1214 E Northwest Hwy, Unit 5

Crescent Place

1100 N Wheeling Rd

1100 N Wheeling Rd, Unit A3

214-222 S Pine Ave

Union Apartments

Circle Hill Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Mandalane

702 E Northwest Hwy

406 Inland Dr, Unit 3A

Park Meadows Apartments

GlenLake Village

4 North Apartments

Arlington Club Apartments

One Wheeling Town Center

Total Monthly Price
404 Inland Dr, Unit 2B

475 Plum Creek Dr, Unit 107
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

Lake+House Apartments

4400 W Lake Ave

480 Pleasant Run Dr, Unit C

480 Pleasant Run Dr, Unit 480-C

1201 Pleasant Run Dr, Unit 311

849 Miller Ln, Unit 104

Dunton Tower Apartments

10 North Main

Uptown 500

Total Monthly Price
Brook Run
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!

Hancock Square at Arlington Station

Northgate Crossing of Wheeling

Rivertrail Apartments

55-77 E Strong St

919 S McKinley Ave

16 W Busse Ave

Wheeling Manor

Mallard Lake

Arbor Court Apartments

1214 E Northwest Highway
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Prospect Heights, IL Local Guide

How much does it cost to rent an apartment in Prospect Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Prospect Heights Studio Apartments | $1,989 | $1,700 | $2,389 |
| Cheap Prospect Heights 1 Bedroom Apartments | $2,138 | $1,300 | $4,133 |
| Cheap Prospect Heights 2 Bedroom Apartments | $2,456 | $1,500 | $4,355 |
| Cheap Prospect Heights 3 Bedroom Apartments | $3,706 | $2,110 | $5,138 |
| Cheap Prospect Heights 4 Bedroom Apartments | $16,687 | $10,000 | $10,000+ |
Browse Top Apartments in Prospect Heights
See all Apartments in Prospect HeightsExplore Prospect Heights
Prospect Heights, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Prospect Heights Apartments for Rent
 The cheapest available apartment rental in Prospect Heights, 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 Prospect Heights 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 U) | 1BR,1BA | $1,350 |
| Briarwood Terrace Apartments | Sandstone 1 | 1BR,1BA | $1,475 |
| ReNew Lake Arlington | 1x1A | 1BR,1BA | $1,479 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,1BA | $1,575 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,588 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1,600 |
| Mandalane | 1A | 1BR,1BA | $1,640 |
Best Value Apartments for Rent in Prospect Heights, IL
As of July 28, 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 $2,300 with a $1.87 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Piper Lane | 2 BR/ 2 BA | 2BR,2BA | $1.60 |
| 110 S Dunton Ave, Unit 3C | 110 S Dunton Ave | 2BR,2BA | $1.87 |
| Briarwood Terrace Apartments | Sandstone 2 Split | 2BR,2BA | $1.87 |
| 404 Inland Dr, Unit 2B | 404 Inland Dr | 2BR,1BA | $1.63 |
| 490 Pleasant Run Dr, Unit 490-A | 490 Pleasant Run Dr | 1BR,1BA | $1.50 |
| 931 Jonathon Ct, Unit River Trails | 931 Jonathon Ct | 2BR,2BA | $1.84 |
| Mallard Lake | Superior | 2BR,2BA | $1.92 |
| 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 |
| ReNew Lake Arlington | 1x1A | 1BR,1BA | $1.97 |
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 ArticleBest 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect Heights, IL Rentals by Map
See the most popular apartments and homes in Prospect Heights, IL
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 $1,295 at Dryden Homes- 1-21 N Dryden Pl.
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 $1,600 at Hunt Club 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

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.