15 N Dryden Pl
Arlington HeightsIL60004
Cheap Homes for Rent in Prospect Heights, IL from $1,300 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect Heights.
848 Jonathan Ct
Prospect HeightsIL60070
920 Jonathon Ct, Unit 206
920 Jonathon Ct
Prospect HeightsIL60070
1100 N Wheeling Rd, Unit A3
1100 N Wheeling Rd
Mount ProspectIL60056
1100 N Wheeling Rd, Unit 2A
1100 N Wheeling Rd
Mount ProspectIL60056
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
1511 N Windsor Dr
Arlington HeightsIL60004
315 E Kenilworth Ave
Prospect HeightsIL60070
701 W Central Rd
Mount ProspectIL60056
1571 Cove Dr, Unit Ranch Style Condo For Ren
1571 Cove Dr
Prospect HeightsIL60070
205 W Miner St
Arlington HeightsIL60005
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.
651 Hapsfield Ln
Buffalo GroveIL60089
820 MCINTOSH Ct, Unit 308
820 MCINTOSH Ct
Prospect HeightsIL60070
1201 Pleasant Run Dr, Unit 311
1201 Pleasant Run Dr
WheelingIL60090
475 Plum Creek Dr
WheelingIL60090
475 Plum Creek Dr, Unit 107
475 Plum Creek Dr
WheelingIL60090
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!
Showing Results 1-15, Page 1 of 1
Prospect Heights, IL Local Guide
How much does it cost to rent a home in Prospect Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Heights 2 Bedroom Homes for Rent | $2,157 | $1,450 | $2,880 |
| Prospect Heights 3 Bedroom Homes for Rent | $3,321 | $2,400 | $4,500 |
| Prospect Heights 4 Bedroom Homes for Rent | $4,075 | $2,900 | $5,250 |
| Prospect Heights 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Prospect Heights
Explore 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. Briarwood Terrace Apartments in the North Northfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,475. 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 |
| Briarwood Terrace Apartments | Sandstone 1 | 1BR,1BA | $1,475 |
| Mallard Lake | Geneva | 1BR,1BA | $1,570 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,573 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Prospect Heights, IL
As of August 19, 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 Sandstone 2 Split Model at Briarwood Terrace Apartments starting at $2,105 with a $1.87 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 | $1.60 |
| Briarwood Terrace Apartments | Sandstone 2 Split | 2BR,2BA | $1.87 |
| 404 Inland Dr, Unit 2B | 404 Inland Dr | 2BR,1BA | $1.63 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.84 |
| Hunt Club Apartments | Oak (1Bed U-R) | 1BR,1BA | $2.06 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $2.06 |
| Mallard Lake | Geneva | 1BR,1BA | $1.96 |
| Park Meadows Apartments | 1BR/1.0BA | 1BR,1BA | $2.24 |
| Foxboro Apartments | Easton | 1BR,1BA | $2.34 |
| Dryden Homes- 1-21 N Dryden Pl | One Bedroom | 1BR,1BA | $2.07 |
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 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 Article
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
Frequently Asked Questions about Prospect Heights
What type of rentals are currently available in Prospect Heights?
There are currently 300 Apartments for Rent in Prospect Heights, IL with pricing that ranges from $1,350 to $16,667. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Heights ranging from $1,350 to $5,250.
What is the current price range for Rental Homes in Prospect Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Heights ranges from $1,350 to $5,250 with an average monthly rent of $2,531.
How much are larger Three and Four Bedroom Rentals in Prospect Heights?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect Heights range from $1,891 to $5,251, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $10,000.
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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
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.
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.