Cheap Apartments for Rent in Mount Prospect, IL
56 rentals
Use arrow keys to navigate$1,180 - $1,620/mo
Studio-2 Beds
1 BathCourts of the Fountains | 8638-56 W Golf Rd #3933103,
Des Plaines, IL 60016
Use arrow keys to navigateNEW - 6 HRS AGOPET FRIENDLY$1,295 - $2,499/mo1-3 Beds1-2 BathsThe Element | 1550 Dempster St #M02-M02C,
Mount Prospect, IL 60056
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,384 - $2,516/mo1-3 Beds1-2 BathsOrion Prospect | 475 W Enterprise Dr #11-112,
Mount Prospect, IL 60056
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NEW - 2 DAYS AGOPET FRIENDLY$1,519 - $1,979/mo1-2 Beds1-2 BathsMount Prospect Greens | 1958 W Algonquin Rd #2006-11B,
Mount Prospect, IL 60056
SPECIAL OFFERPET FRIENDLYTotal price$1,537 - $2,109/mo1-2 Beds1-2 BathsOrion ParkView | 1821 W Golf Rd #862-341,
Mount Prospect, IL 60056
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PET FRIENDLY$1,600 - $2,150/mo1-3 Beds1-2 BathsHuntington Square Apartments | 1300 S Elmhurst Rd #7a568aeb6,
Mount Prospect, IL 60056
PET FRIENDLY$1,630 - $1,690/mo2 Beds1 BathApartments of Mt. Prospect | 1308 Sir Galahad Ln #1B,
Mount Prospect, IL 60056
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SPECIAL OFFERPET FRIENDLY$2,038 - $3,299/moStudio-2 Beds1-2 BathsHQ Residences Apartments | 122 E Northwest Hwy #316,
Mount Prospect, IL 60056
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PET FRIENDLY$2,346 - $3,655/moStudio-2 Beds1-2 BathsThe Dawson | 235 E Prospect Ave #309,
Mount Prospect, IL 60056
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PET FRIENDLY$2,650 - $2,750/mo1 Bed1 BathProspect Place Luxury Apartments | 11 W Prospect Ave #405,
Mount Prospect, IL 60056
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Average Rent Trends in Mount Prospect, IL
Rent in Mount Prospect, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,300 |
| Jul 2025 | $2,395 |
| Aug 2025 | $2,313 |
| Sep 2025 | $2,400 |
| Oct 2025 | $2,300 |
| Nov 2025 | $2,000 |
| Dec 2025 | $2,300 |
| Jan 2026 | $1,950 |
| Feb 2026 | $1,990 |
| Mar 2026 | $2,000 |
| Apr 2026 | $1,950 |
| May 2026 | $1,900 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,555 | $1,820 | $3,300 | $3,450 | $2,225 |
| Townhomes | $1,450 | $1,650 | $4,495 | $2,850 | $4,495 |
| Apartments and Condos | $1,450 | $1,694 | $2,225 | $14,507 | $1,650 |
| Houses | — | — | $3,350 | $3,450 | $3,350 |
Frequently Asked Questions about Rentals in Mount Prospect, IL
- What is the average rent of an apartment in Mount Prospect, IL?The average rent of an apartment in Mount Prospect, IL is $1,684 per month. This is about 13% lower than the national average.
- What is the average rent of a house in Mount Prospect, IL?The average rent of a house in Mount Prospect, IL is $3,350 per month. This is about 74% higher than the national average.
- What is the average rent of a townhome in Mount Prospect, IL?The average rent of a townhome in Mount Prospect, IL is $4,495 per month. This is about 133% higher than the national average.
- When is the average rent cheapest in Mount Prospect, IL?In the last year, the average rent in Mount Prospect, IL was lowest in Jan 2025 when it was $1,795 per month.
- When is the average rent most expensive in Mount Prospect, IL?In the last year, the average rent in Mount Prospect, IL was highest in Sep 2025 when it was $2,400 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Mount Prospect, IL?The average rent of a 1 bedroom apartment in Mount Prospect, IL is $1,555 per month. That is about $400 less than the cost of a studio apartment.
- How many available rental listings are in Mount Prospect, IL?There are 48 available rental listings in Mount Prospect, IL.
- What are some zip codes in Mount Prospect, IL?Mount Prospect, IL includes zip codes such as: 60056.
- What are some cities near Mount Prospect, IL?Some nearby cities include: Prospect Heights, Des Plaines, Arlington Heights, Wheeling, Rolling Meadows. These cities may have more rental options to explore.