1309 S Sir Galahad Ln
Mount ProspectIL60056
Cheap Apartments for Rent in Mount Prospect, IL from $800 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Prospect.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Rent Specials
from $1,1601 to 3 Bedroom Apartments Available Now
Briarwood Terrace Apartments
1501 S Wolf RdProspect Heights, IL 60070
close
View Me
from $1,200Studio to 2 Bedroom Apartments Contact Us For Availability
V.I.P. Apartments
850 Corey LnWheeling, IL 60090
close
View Me
from $1,245Studio to 3 Bedroom Apartments Available Now
ReNew Des Plaines North
270-290 S Beau DrDes Plaines, IL 60016
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
close
View Me
from $1,280Studio to 2 Bedroom Apartments Available Now
ReNew Des Plaines South
730 W Algonquin RdDes Plaines, IL 60016
close
View Me
close
View Me
from $1,4001 to 2 Bedroom Apartments Contact Us For Availability
Salem Walk Apartments
3700 Salem WalkNorthbrook, IL 60062
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
2 Bedroom Apartments
Carroll Square - NO FEES AT THIS PROPERTY!!
648 Carroll SqElk Grove Village, IL 60007
close
View Me
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Showing Results 1-25, Page 1 of 1
Mount Prospect, IL Local Guide
Camp Pine Woods Illinoisc by Amanda Landers is licensed under CC BY 2.0
How much does it cost to rent an apartment in Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Mount Prospect Studio Apartments | $1,975 | $1,200 | $2,889 |
| Cheap Mount Prospect 1 Bedroom Apartments | $2,026 | $1,160 | $5,519 |
| Cheap Mount Prospect 2 Bedroom Apartments | $2,636 | $1,430 | $6,074 |
| Cheap Mount Prospect 3 Bedroom Apartments | $2,902 | $1,859 | $7,766 |
Browse Top Apartments in Mount Prospect
See all Apartments in Mount ProspectExplore Mount Prospect
Mount Prospect, IL Local Guide
Written By:
Staff Writer Local Guide Expert
- Mount Prospect Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Mount Prospect Apartments for Rent
The cheapest available apartment rental in Mount Prospect, IL is a 1 Bed unit found at ReNew Des Plaines South in the Lions Park neighborhood priced from $1,295. Briarwood Terrace Apartments in the North Northfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,425. Here is today’s list of the most affordable Mount Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| ReNew Des Plaines South | Des Plaines South - Efficiency 1 Bedroom | 1BR,1BA | $1,295 |
| Briarwood Terrace Apartments | Northpoint 1 w/ Balcony | 1BR,1BA | $1,425 |
| Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $1,434 |
| The Element | Cedar | 1BR,1BA | $1,489 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $1,510 |
Best Value Apartments for Rent in Mount Prospect, IL
As of April 25, 2025 the best value apartment in the Mount Prospect 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 Mount Prospect apartment is the Sheridan Model at Orion Arlington Lakes starting at $2,148 with a $1.81 price per square foot in the Downtown Mount Prospect neighborhood. Here is today’s list of the best values for Mount Prospect 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 | $1.48 |
| Orion Arlington Lakes | Sheridan | 2BR,2BA | $1.81 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.92 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $2.25 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.63 |
| Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $1.83 |
| Orion ParkView | Lasalle - Renovated | 1BR,1BA | $2.25 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $2.13 |
| The Element | Cedar | 1BR,1BA | $2.12 |
Quick 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.
Let everyone know!
Do you know the Mount Prospect area?
If you’re an expert on all things Mount Prospect, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Mount Prospect Overview
The city of Mount Prospect is a popular suburb of Chicago with a population of near 55,000 people. Many of those residents love the area's urban feel and the multiple entertainment options offered all throughout town. The community is made up of young professionals who are looking for a quality school system for their young children. Most choose to live in an apartment first in order to save money then purchase a home later.
Why live in Mount Prospect, IL?
Mount Prospect is a suburb of Chicago that has a growing population each year. It offers residents an urban surburban lifestyle that has plenty of entertainment options in the downtown area. The school system offered is one of the best in the United States today as the majority of the students are award-winning recipients of educational competitions offered by the state of Illinois. This gives a children a remarkable avenue to continuing their education at a higher level. Plus, Mount Prospect is an ideal location to raise an active family as the area is home to multiple outdoor parks.
Best Local Schools in Mount Prospect, IL
Lions Park Elementary School
Mount Prospect School District 57
Public School - Grades 2-5 (454)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mount Prospect, IL Rentals by Map
See the most popular apartments and homes in Mount Prospect, IL
Mount Prospect, IL Apartments MapMount Prospect, IL Rental Homes MapGetting Around Mount Prospect, IL
Walk Score®
67 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
27 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Mount Prospect Apartments
What is the Cheapest Studio apartment in Mount Prospect?
Currently the most affordable Cheap Studio Apartment in Mount Prospect is at Hancock Square at Arlington Station listed at $1,774.
How much is rent for a Cheap One Bedroom Mount Prospect Apartment?
The lowest price for a Cheap One Bedroom Mount Prospect Apartment is $1,295 at ReNew Des Plaines South.
What is the lowest price for a Cheap Two Bedroom Mount Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mount Prospect is starting from $1,665 at Orion ParkView.
What is the most affordable Mount Prospect Three Bedroom Apartment?
The best deal on a cheap Mount Prospect Three Bedroom Apartment rental is at ReNew Des Plaines North and starts from $2,120.
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.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.