close
View Me
$1,200 - $1,900Studio to 2 Bedroom Apartments Contact Us For Availability
V.I.P. Apartments
850 Corey LnWheeling, IL 60090
Cheap Apartments for Rent in Prospect Heights, IL from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Heights.
233 S Highland Ave
Arlington HeightsIL60005
close
View Me
$1,400 - $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Salem Walk Apartments
3700 Salem WalkNorthbrook, IL 60062
close
View Me
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.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
The 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.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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.
Showing Results 1-15, Page 1 of 1
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 |
|---|---|---|---|
| Prospect Heights Studio Apartments | $2,264 | $1,200 | $3,745 |
| Prospect Heights 1 Bedroom Apartments | $2,356 | $1,400 | $4,619 |
| Prospect Heights 2 Bedroom Apartments | $2,794 | $1,575 | $6,699 |
| Prospect Heights 3 Bedroom Apartments | $3,365 | $2,200 | $7,540 |
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 and Nearby
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 $1,475. Stonebridge of Arlington Heights in the McHenry Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,599. Here is today’s list of the most affordable Prospect Heights apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Briarwood Terrace Apartments | Sandstone 1 | 1BR,1BA | $1,475 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1,599 |
| Foxboro Apartments | Easton | 1BR,1BA | $1,600 |
| Mandalane | 1A | 1BR,1BA | $1,639 |
| Hunt Club Apartments | Oak (1Bed U-R) | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Prospect Heights, IL and Nearby
As of August 02, 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 Model at Union Apartments starting at $2,200 with a $1.80 price per square foot in the McHenry Road 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 |
| Union Apartments | 3 Bedroom | 3BR,2BA | $1.80 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| Mallard Lake | Superior | 2BR,2BA | $1.92 |
| Foxboro Apartments | Dakota | 2BR,1.25BA | $2.53 |
| Arrive Glenview | A1 | 1BR,1BA | $2.37 |
| Hunt Club Apartments | Oak (1Bed U-R) | 1BR,1BA | $2.06 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1.88 |
| Lake+House Apartments | 1 Bedroom | 1BR,1BA | $2.34 |
| Mandalane | 1A | 1BR,1BA | $2.40 |
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.
Let everyone know!
Do you know the Prospect Heights area?
If you’re an expert on all things Prospect Heights, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
Getting 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 Hancock Square at Arlington Station listed at $1,771.
How much is rent for a Cheap One Bedroom Prospect Heights Apartment?
The lowest price for a Cheap One Bedroom Prospect Heights Apartment is $1,475 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 $1,800 at Circle Hill 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 Union Apartments and starts from $2,200.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.