7 N Dryden Pl
Arlington HeightsIL60004
Cheap Homes for Rent in Downtown Mount Prospect Neighborhood of Mount Prospect, IL from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mount Prospect area of Mount Prospect.
710 W Huntington Commons Rd
Mount ProspectIL60056
613 W Central Rd
Mount ProspectIL60056
1800 Knights Bridge Dr
Mount ProspectIL60056
5 N Dryden Pl
Arlington HeightsIL60004
1779 W Algonquin Rd
Mount ProspectIL60056
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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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 a home in Downtown Mount Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mount Prospect 2 Bedroom Homes for Rent | $2,067 | $1,550 | $2,600 |
| Downtown Mount Prospect 3 Bedroom Homes for Rent | $3,655 | $2,400 | $5,700 |
| Downtown Mount Prospect 4 Bedroom Homes for Rent | $3,963 | $3,900 | $3,995 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Mount Prospect Neighborhood of Mount Prospect, IL.
Explore Mount Prospect
Downtown Mount Prospect, Mount Prospect, IL Local Guide
- Nearby Mount Prospect neighborhoods
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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 $1,489. 16 W Busse Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here are the most affordable Downtown Mount Prospect apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Element | Cedar | 1BR,1BA | $1,489 |
| 16 W Busse Ave | unit 4 | 1BR,1BA | $1,495 |
| Orion ParkView | Monroe | 1BR,1BA | $1,507 |
Best Value Apartments for Rent in Downtown Mount Prospect, IL
As of March 28, 2025 the best value apartment in the Downtown Mount Prospect area is the $1.88 price per square foot Sheridan Model at Orion Arlington Lakes in the in the Downtown Mount Prospect neighborhood starting from $2,237. The second greatest value Downtown Mount Prospect apartment is the unit 4 Model at 16 W Busse Ave starting at $1,495 with a $1.36 price per square foot in the Westgate 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 | Sheridan | 2BR,2BA | $1.88 |
| 16 W Busse Ave | unit 4 | 1BR,1BA | $1.36 |
| Buckingham | a3-buck | 1BR,1BA | $2.40 |
| Central Park East | A3 | 1BR,1BA | $2.69 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $2.19 |
| Orion ParkView | Monroe - Renovated | 1BR,1BA | $2.22 |
| ReNew Des Plaines North | Des Plaines North - 1x1 | 1BR,1BA | $2.13 |
| The Element | Cedar | 1BR,1BA | $2.14 |
| Huntington Square | 1A | 1BR,1BA | $2.38 |
| Residences at Arlington Heights | The Arlington | 1BR,1BA | $2.44 |
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Frequently Asked Questions about Downtown Mount Prospect
What type of rentals are currently available in Downtown Mount Prospect?
There are currently 186 Apartments for Rent in Downtown Mount Prospect, IL with pricing that ranges from $1,245 to $6,115. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mount Prospect ranging from $1,300 to $5,700.
What is the current price range for Rental Homes in Downtown Mount Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Mount Prospect ranges from $1,300 to $5,700 with an average monthly rent of $2,823.
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.
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.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.