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from $1,0751 to 3 Bedroom Apartments Available Now
Briarwood Terrace Apartments
1501 S Wolf RdProspect Heights, IL 60070
Cheap Apartments for Rent in Prospect Heights, IL from $800 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Heights.
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Rent Specials
from $1,0951 Bedroom Apartments Available Now
16 W Busse Ave
16 W Busse AveMount Prospect, IL 60056
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from $1,200Studio to 2 Bedroom Apartments Contact Us For Availability
V.I.P. Apartments
850 Corey LnWheeling, IL 60090
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from $1,4001 to 2 Bedroom Apartments Contact Us For Availability
Salem Walk Apartments
3700 Salem WalkNorthbrook, IL 60062
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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.
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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.
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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.
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Prospect Heights, IL Local Guide
Lake Arlington Park by Andrew Davies is licensed under CC BY 2.0
How much does it cost to rent an apartment in Prospect Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Prospect Heights Studio Apartments | $2,373 | $1,200 | $4,280 |
| Cheap Prospect Heights 1 Bedroom Apartments | $2,392 | $1,075 | $4,790 |
| Cheap Prospect Heights 2 Bedroom Apartments | $2,787 | $1,430 | $7,019 |
| Cheap Prospect Heights 3 Bedroom Apartments | $3,084 | $1,891 | $3,788 |
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 16 W Busse Ave in the Westgate neighborhood priced from $1,095. Dryden Apartments in the Downtown Mount Prospect 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 |
|---|---|---|---|
| 16 W Busse Ave | unit 1 | 1BR,1BA | $1,095 |
| Dryden Apartments | Renovated 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1,350 |
| Briarwood Terrace Apartments | Sandstone 1 | 1BR,1BA | $1,475 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1,500 |
| Union Apartments | 2 Bedroom | 2BR,1BA | $1,522 |
Best Value Apartments for Rent in Prospect Heights, IL
As of June 27, 2025 the best value apartment in the Prospect Heights area is the $1.48 price per square foot 2 BR/ 2 BA Model at Piper Lane in the in the North Northfield neighborhood starting from $1,850. The second greatest value Prospect Heights apartment is the 3 Bedroom L Model at Lake+House Apartments starting at $2,644 with a $2.12 price per square foot in the North Northfield 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 | $1.48 |
| Lake+House Apartments | 3 Bedroom L | 2BR,2BA | $2.12 |
| Briarwood Terrace Apartments | Northpoint 2 SBS | 2BR,2BA | $1.89 |
| Mallard Lake | Superior: Enhanced | 2BR,2BA | $2.37 |
| Arlington Club Apartments | C | 2BR,1.5BA | $2.46 |
| Union Apartments | 2 Bedroom | 2BR,1BA | $1.69 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.72 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1.87 |
| Mandalane | 1A | 1BR,1BA | $2.32 |
| Dryden Apartments | Renovated 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $2.16 |
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Prospect Heights, IL Apartments MapProspect Heights, IL Rental Homes MapGetting Around Prospect Heights, IL
Walk Score®
54 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
3 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,875.
How much is rent for a Cheap One Bedroom Prospect Heights Apartment?
The lowest price for a Cheap One Bedroom Prospect Heights Apartment is $1,095 at 16 W Busse Ave.
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 $1,522 at Union Apartments.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.