Cheap Apartments for Rent in Prospect Heights, IL from $800 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prospect Heights.

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55-77 E Strong St
1 Bedroom Apartments

55-77 E Strong St

55-77 E Strong StWheeling, IL 60090
  • Utilities Included
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Rivertrail Apartments
1 to 2 Bedroom Apartments

Rivertrail Apartments

515-519 S Milwaukee AveWheeling, IL 60090
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Wheeling Manor
2 Bedroom Apartments

Wheeling Manor

305 9th StWheeling, IL 60090
  • Utilities Included

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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919 S McKinley Ave
2 Bedroom Apartments

919 S McKinley Ave

919 S McKinley AveArlington Heights, IL 60005
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214-222 S Pine Ave
1 to 2 Bedroom Apartments

214-222 S Pine Ave

214-222 S Pine AveArlington Heights, IL 60005
  • Utilities Included
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Dryden Apartments
1 Bedroom Apartments

Dryden Apartments

1 N Dryden PlArlington Heights, IL 60004
  • Utilities Included

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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315 SALEM LLC
1 to 2 Bedroom Apartments

315 SALEM LLC

315 N Salem AveArlington Heights, IL 60005

Prospect Heights, IL Local Guide

Cheapest Available Prospect Heights Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect Heights, IL is a 1 Bed unit found at Mandalane in the McHenry Road neighborhood priced from $1,607. Stonebridge of Arlington Heights in the Rand and Dundee neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,694. Here is today’s list of the most affordable Prospect Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mandalane1A1BR,1BA$1,607
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$1,694
GlenLake Village1 Bedroom / 1 Bathroom1BR,1BA$1,695
Foxboro ApartmentsEaston1BR,1BA$1,709
Lake+House Apartments1 Bedroom1BR,1BA$1,735

Best Value Apartments for Rent in Prospect Heights, IL and Nearby

As of April 29, 2025 the best value apartment in the Prospect Heights 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 Prospect Heights apartment is the Dakota Model at Northgate Crossing of Wheeling starting at $2,575 with a $2.16 price per square foot in the McHenry Road neighborhood. Here is today’s list of the best values for Prospect Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Piper Lane2 BR/ 2 BA2BR,2BA$1.48
Northgate Crossing of WheelingDakota2BR,2BA$2.16
Briarwood Terrace ApartmentsNorthpoint 2 SBS2BR,2BA$1.89
Circle Hill Apartments2 Bedroom/1.5 Baths2BR,1.5BA$1.78
Mallard LakeSuperior: Enhanced2BR,2BA$2.37
Arlington Club ApartmentsB2BR,1BA$2.43
Stonebridge of Arlington Heights1x1 A1BR,1BA$2.03
Lake+House Apartments1 Bedroom1BR,1BA$2.31
Mandalane1D1BR,1BA$2.38
Hunt Club ApartmentsOak (1Bed G-R)1BR,1BA$2.50

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Prospect Heights, IL Rentals by Map

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Getting Around Prospect Heights, IL

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

3 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Prospect Heights Apartments

What is the Cheapest Studio apartment in Prospect Heights?

Currently the most affordable Cheap Studio Apartment in Prospect Heights is at 4 North Apartments listed at $1,875.

How much is rent for a Cheap One Bedroom Prospect Heights Apartment?

The lowest price for a Cheap One Bedroom Prospect Heights Apartment is $1,607 at Mandalane.

What is the lowest price for a Cheap Two Bedroom Prospect Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect Heights is starting from $1,749 at Briarwood Terrace Apartments.

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.

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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.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.