1309 S Sir Galahad Ln
Mount ProspectIL60056
Cheap Apartments for Rent in the Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $900 (17 Rentals)
Cheap Apartments in the Downtown Mount Prospect area of Mount Prospect.
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from $1,4081 to 3 Bedroom Apartments Available Now
The Element
1550 W Dempster StMount Prospect, IL 60056
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from $1,4501 to 3 Bedroom Apartments Available May 24
Huntington Square
1300 S Elmhurst RdMount Prospect, IL 60056
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from $1,4521 to 2 Bedroom Apartments Available Now
The Eclipse at 1450
1450 S Busse RdMount Prospect, IL 60056
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from $1,4651 to 3 Bedroom Apartments Available Now
Mount Prospect Greens
2000 W Algonquin RdMount Prospect, IL 60056
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Rent Specials
from $1,4951 Bedroom Apartments Contact Us For Availability
16 W Busse Ave
16 W Busse AveMount Prospect, IL 60056
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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.
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from $1,3801 Bedroom Apartment Available Jun 2
920 E Shady Way, Unit 6
920 E Shady WayArlington Heights, IL 60005
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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
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Showing Results 1-17, 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 | $2,167 | $1,245 | $3,200 |
| Downtown Mount Prospect 1 Bedroom Apartments | $2,124 | $1,300 | $5,833 |
| Downtown Mount Prospect 2 Bedroom Apartments | $2,838 | $1,607 | $5,905 |
| Downtown Mount Prospect 3 Bedroom Apartments | $3,396 | $2,100 | $7,766 |
Browse Apartments in this Neighborhood
There are currently 17 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 The Element priced from $1,408. The Eclipse at 1450 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,452. Here are the most affordable Downtown Mount Prospect apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Element | Birch | 1BR,1BA | $1,408 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,452 |
| Orion ParkView | Monroe | 1BR,1BA | $1,504 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $1,510 |
| Residences at Arlington Heights | The Meadow | 1BR,1BA | $1,514 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of May 02, 2025 the best value apartment in the Downtown Mount Prospect area is the $1.90 price per square foot Lincoln - Renovated Model at Orion Arlington Lakes in the in the Downtown Mount Prospect neighborhood starting from $2,018. The second greatest value Downtown Mount Prospect apartment is the a3-buck Model at Buckingham starting at $2,140 with a $2.23 price per square foot in the Metropolitan Square 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. |
|---|---|---|---|
| Orion Arlington Lakes | Lincoln - Renovated | 1BR,1BA | $1.90 |
| Buckingham | a3-buck | 1BR,1BA | $2.23 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $2.26 |
| Dunton Tower Apartments | 1 Bedroom Floor Plan A2 | 1BR,1BA | $2.76 |
| 488 E 5th Ct, Unit B | 488 E 5th Ct | 1BR,1BA | $1.63 |
| Orion ParkView | Monroe | 1BR,1BA | $2.09 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $2.13 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $2.06 |
| The Element | Birch | 1BR,1BA | $2.17 |
| Residences at Arlington Heights | The Woodfield | 1BR,1BA | $2.55 |
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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
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 a cheap apartment in Downtown Mount Prospect?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Mount Prospect is under $2,018.
What is the price of a cheap apartment in Downtown Mount Prospect?
The cheapest apartment in Downtown Mount Prospect is The Element which is listed at $1,408, while the average apartment in Downtown Mount Prospect costs $2,436.
What types of apartments are the cheapest in Downtown Mount Prospect?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Downtown Mount Prospect that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
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.