Cheap Apartments for Rent in Prospect Heights, IL

19 rentals

Apartments For Rent Near Prospect Heights, IL

We found 30 more apartments matching your filters just outside Prospect Heights

Average Rent Trends in Prospect Heights, IL

Rent in Prospect Heights, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Apr 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
May 2025$1,700
Jun 2025$1,913
Jul 2025$1,900
Aug 2025$1,850
Sep 2025$1,711
Oct 2025$1,940
Nov 2025$1,800
Dec 2025$1,783
Jan 2026$1,850
Feb 2026$1,735
Mar 2026$1,714
Apr 2026$1,650
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Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,500$1,950$4,150$13,262$1,900
Townhomes—$2,100——$2,100
Apartments and Condos$1,495$1,950—$13,262$1,900
Houses—$2,200$4,150—$4,150

Frequently Asked Questions about Rentals in Prospect Heights, IL

  • What is the average rent in Prospect Heights, IL?
    The average rent in Prospect Heights, IL is $1,900. Rent prices range from $1,450 to as much as $11,639, depending on the type of rental.
  • How does the rent in Prospect Heights, IL compare to the national average?
    Average rent in Prospect Heights, IL is about 1% lower than the national average rent of $1,910. That means it is about the same price to rent in Prospect Heights as the U.S. average.
  • What is the average rent in Prospect Heights, IL, by number of bedrooms?
    The average rent in Prospect Heights, IL is $ for a studio, $1,500 for a 1 bedroom, $1,950 for a 2 bedroom, $4,150 for a 3 bedroom, and $13,262 for a 4 bedroom.
  • How have rent prices in Prospect Heights, IL changed compared to last year?
    In the past year, the average rent price in Prospect Heights, IL has increased by $85. That means the average rent is 4% higher than last year.
  • How many available rental listings are in Prospect Heights, IL?
    There are 21 available rental listings in Prospect Heights, IL.
  • What are some zip codes in Prospect Heights, IL?
    Prospect Heights, IL includes zip codes such as: 60070.
  • What are some cities near Prospect Heights, IL?
    Some nearby cities include: Wheeling, Mount Prospect, Arlington Heights, Buffalo Grove, Northbrook. These cities may have more rental options to explore.