646 N Kaspar Ave
Arlington HeightsIL60004
Cheap Homes for Rent in Prospect Heights, IL from $1,500 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect Heights.
1100 N Wheeling Rd, Unit B4
1100 N Wheeling Rd
Mount ProspectIL60056
107 E Dundee Rd
WheelingIL60090
8 Oak Creek Dr, Unit 3807
8 Oak Creek Dr
Buffalo GroveIL60089
820 Mcintosh Ct
Prospect HeightsIL60070
16 E Old Willow Rd, Unit 317N
16 E Old Willow Rd
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.
406 Inland Dr, Unit 3A
406 Inland Dr
WheelingIL60090
841 Blossom Ln
Prospect HeightsIL60070
866 Crimson Ct
Prospect HeightsIL60070
266 12th St, Unit 3b
266 12th St
WheelingIL60090
334 W Miner St, Unit 3A
334 W Miner St
Arlington HeightsIL60005
1436 Quaker Ln
Prospect HeightsIL60070
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.
1485 Quaker Ln
Prospect HeightsIL60070
110 S Dunton Ave
Arlington HeightsIL60005
110 S Dunton Ave, Unit 3I
110 S Dunton Ave
Arlington HeightsIL60005
475 Plum Creek Dr
WheelingIL60090
3223 W Parkway Dr
NorthbrookIL60062
1550 Sandpebble Dr
WheelingIL60090
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.
510 W Eastman St
Arlington HeightsIL60005
510 W Eastman St, Unit 2F
510 W Eastman St
Arlington HeightsIL60005
1522 N River W Ct
Mount ProspectIL60056
1194 Cove Dr
Prospect HeightsIL60070
16 E Old Willow Rd
Prospect HeightsIL60070
3220 Sanders Rd
NorthbrookIL60062
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.
1450 Sandpebble Dr
WheelingIL60090
Showing Results 1-25, 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 a home in Prospect Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Heights 2 Bedroom Homes for Rent | $2,231 | $1,700 | $3,500 |
| Prospect Heights 3 Bedroom Homes for Rent | $3,245 | $2,300 | $5,700 |
| Prospect Heights 4 Bedroom Homes for Rent | $3,831 | $3,500 | $4,000 |
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
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- 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. Foxboro Apartments in the Dundee Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,582. 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 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,582 |
| ReNew Lake Arlington | 1x1A | 1BR,1BA | $1,599 |
| Hunt Club Apartments | Birch (2 Bed U) | 2BR,1BA | $1,600 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Prospect Heights, IL
As of July 05, 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 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 | $2.03 |
| Briarwood Terrace Apartments | Sandstone 2 SBS | 2BR,2BA | $1.78 |
| Mallard Lake | Superior | 2BR,2BA | $1.92 |
| 931 Jonathon Ct, Unit River Trails | 931 Jonathon Ct | 2BR,2BA | $1.84 |
| Hunt Club Apartments | Birch (2 Bed U) | 2BR,1BA | $1.68 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $2.06 |
| 1214 E Northwest Hwy, Unit 5 | 1214 E Northwest Hwy | 2BR,1BA | $1.88 |
| ReNew Lake Arlington | 1x1A | 1BR,1BA | $2.13 |
| 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 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.
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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 299 Apartments for Rent in Prospect Heights, IL with pricing that ranges from $1,300 to $17,743. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Heights ranging from $1,500 to $5,700.
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 $1,500 to $5,700 with an average monthly rent of $2,738.
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 $2,110 to $17,743, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $5,700. Four Bedroom Single-Family rentals are also available starting from $3,500 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
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.
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.
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.
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
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.
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.