close
View Me
from $1,3281 to 3 Bedroom Apartments Available Now
The Element
1550 W Dempster StMount Prospect, IL 60056
Cheap Apartments for Rent in the Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $900 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
close
View Me
from $1,3791 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
close
View Me
from $1,4311 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
close
View Me
Rent Specials
from $1,5501 to 3 Bedroom Apartments Available Feb 22
Huntington Square
1300 S Elmhurst RdMount Prospect, IL 60056
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
from $1,245Studio to 3 Bedroom Apartments Available Now
ReNew Des Plaines North
270-290 S Beau DrDes Plaines, IL 60016
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Showing Results 1-15, Page 1 of 1
Downtown Mount Prospect, 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 Downtown Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mount Prospect Studio Apartments | $2,103 | $1,245 | $3,212 |
| Downtown Mount Prospect 1 Bedroom Apartments | $2,199 | $1,300 | $5,598 |
| Downtown Mount Prospect 2 Bedroom Apartments | $2,717 | $1,573 | $6,523 |
| Downtown Mount Prospect 3 Bedroom Apartments | $3,058 | $2,100 | $8,357 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Mount Prospect Neighborhood of Mount Prospect, IL.
See all Apartments in Mount ProspectExplore Mount Prospect
Downtown Mount Prospect, Mount Prospect, IL Local Guide
- Nearby Mount Prospect neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Mount Prospect Apartments for Rent
The cheapest available apartment rental in the Downtown Mount Prospect area of Chicago, IL is a 1 Bed unit found at Orion ParkView priced from $1,305. Dryden Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here are the most affordable Downtown Mount Prospect apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orion ParkView | Monroe | 1BR,1BA | $1,305 |
| Dryden Apartments | Renovated 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1,350 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,361 |
| The Element | Cypress | 1BR,1BA | $1,420 |
| Mount Prospect Greens | 1x1BR - Renovated Arlington | 1BR,1BA | $1,431 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of February 19, 2025 the best value apartment in the Downtown Mount Prospect area is the $2.07 price per square foot Schindler w/ Den Model at Renew Five Ninety Five in the in the Metropolitan Square neighborhood starting from $2,880. The second greatest value Downtown Mount Prospect apartment is the Sheridan - Renovated Model at Orion Arlington Lakes starting at $2,425 with a $2.04 price per square foot in the Downtown Mount Prospect neighborhood. Here is today’s list of the best values for Downtown Mount Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Renew Five Ninety Five | Schindler w/ Den | 2BR,2BA | $2.07 |
| Orion Arlington Lakes | Sheridan - Renovated | 2BR,2BA | $2.04 |
| 16 W Busse Ave | unit 4 | 1BR,1BA | $1.45 |
| Mount Prospect Greens | 2x1.5BR - Renovated Palatine | 2BR,1.5BA | $1.81 |
| Buckingham | a3-buck | 1BR,1BA | $2.33 |
| The Element | Elm | 2BR,1BA | $1.80 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.63 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $2.13 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1.93 |
| Dryden Apartments | Renovated 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $2.16 |
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 Downtown Mount Prospect area?
If you’re an expert on all things Downtown Mount Prospect, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Mount Prospect, Mount Prospect, IL
Ranked #2
Among neighborhoods in Mount Prospect, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Mount Prospect, 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
Best Local Schools in Downtown Mount Prospect, 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
Getting Around the Downtown Mount Prospect Neighborhood in Mount Prospect, IL
Walk Score®
79 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 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 Downtown Mount Prospect Apartments
What is the Cheapest Studio apartment in Downtown Mount Prospect?
Currently the most affordable Cheap Studio Apartment in Downtown Mount Prospect is at Dunton Tower Apartments listed at $1,775.
How much is rent for a Cheap One Bedroom Downtown Mount Prospect Apartment?
The lowest price for a Cheap One Bedroom Downtown Mount Prospect Apartment is $1,305 at Orion ParkView.
What is the lowest price for a Cheap Two Bedroom Downtown Mount Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Mount Prospect is starting from $1,533 at The Element.
What is the most affordable Downtown Mount Prospect Three Bedroom Apartment?
The best deal on a cheap Downtown 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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.