Cheap Homes for Rent in Prospect Heights, IL from $1,500 (10 Rentals)

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property at 107 E Dundee Rd

107 E Dundee Rd

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Prospect Heights, IL Local Guide

Cheapest Available Prospect Heights Apartments for Rent

 

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. Union Apartments in the McHenry Road neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,522. Here is today’s list of the most affordable Prospect Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briarwood Terrace ApartmentsSandstone 11BR,1BA$1,475
Union Apartments2 Bedroom2BR,1BA$1,522
Stonebridge of Arlington Heights1x1 A1BR,1BA$1,599

Best Value Apartments for Rent in Prospect Heights, IL

As of June 06, 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 Milwaukee Avenue neighborhood starting from $1,850. The second greatest value Prospect Heights apartment is the Northpoint 2 SBS Model at Briarwood Terrace Apartments starting at $1,965 with a $1.89 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Piper Lane2 BR/ 2 BA2BR,2BA$1.48
Briarwood Terrace ApartmentsNorthpoint 2 SBS2BR,2BA$1.89
Circle Hill Apartments2 Bedroom/1.5 Baths2BR,1.5BA$1.78
Mallard LakeSuperior: Enhanced2BR,2BA$2.37
Union Apartments2 Bedroom2BR,1BA$1.69
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$2.00
Arlington Club ApartmentsA11BR,1BA$2.50
Lake+House Apartments1 Bedroom1BR,1BA$2.31
Foxboro ApartmentsEaston1BR,1BA$2.48
Mandalane1A1BR,1BA$2.49

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Frequently Asked Questions about Prospect Heights

What type of rentals are currently available in Prospect Heights?

There are currently 291 Apartments for Rent in Prospect Heights, IL with pricing that ranges from $1,075 to $6,819. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Heights ranging from $1,550 to $6,888.

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 $1,550 to $6,888 with an average monthly rent of $2,718.

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.

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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.

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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.