What's the average rent in Mount Prospect, IL?

Rental Market Trends in Mount Prospect, IL

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SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Mount Prospect, IL is $2,225 per month, which is 16% higher than the national average rent of $1,910 per month.

AVERAGE RENT

$2,225

-0.1%-$3 decrease month-over-month

-7.1%-$170 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,731

HOUSES

$3,300

TOWNHOUSES

$4,595

As of May 2026, apartments are the most affordable rental option in Mount Prospect, IL at $1,731 per month, while townhomes are the most expensive at $4,595 per month. Houses average $3,300 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,555
2 Bedrooms	$1,820
3 Bedrooms	$3,300
4 Bedrooms	$3,450
All	$2,225

As of May 2026, the average rent for a 1 bedroom rental in Mount Prospect, IL is $1,555 per month, followed by $1,820 for a 2 bedroom rental, $3,300 for a 3 bedroom rental, and $3,450 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,650
3 Bedrooms	$4,495
4 Bedrooms	$4,000
All	$4,495

As of May 2026, the average rent for a 2 bedroom townhome in Mount Prospect, IL is $1,650 per month, followed by $4,495 for a 3 bedroom townhome, and $4,000 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,450
2 Bedrooms	$1,694
3 Bedrooms	$2,225
4 Bedrooms	$14,507
All	$1,650

As of May 2026, the average rent for a 1 bedroom apartment in Mount Prospect, IL is $1,450 per month, followed by $1,694 for a 2 bedroom apartment, $2,225 for a 3 bedroom apartment, and $14,507 for a 4 bedroom apartment.