close
View Me
Rent Specials
from $1,1601 to 3 Bedroom Apartments Available Now
Briarwood Terrace Apartments
1501 S Wolf RdProspect Heights, IL 60070
Cheap Apartments for Rent in Prospect Heights, IL from $800 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Heights.
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 $1,4001 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
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
Showing Results 1-14, Page 1 of 1
Prospect Heights, IL Local Guide
Lake Arlington Park by Andrew Davies is licensed under CC BY 2.0
How much does it cost to rent an apartment in Prospect Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Prospect Heights Studio Apartments | $2,433 | $1,200 | $3,634 |
| Cheap Prospect Heights 1 Bedroom Apartments | $2,427 | $1,160 | $4,320 |
| Cheap Prospect Heights 2 Bedroom Apartments | $3,044 | $1,430 | $5,929 |
| Cheap Prospect Heights 3 Bedroom Apartments | $3,917 | $1,859 | $7,766 |
Browse Top Apartments in Prospect Heights
See all Apartments in Prospect HeightsExplore Prospect Heights
Prospect Heights, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Prospect Heights Apartments for Rent
The cheapest available apartment rental in Prospect Heights, IL is a 1 Bed unit found at Briarwood Terrace Apartments in the North Northfield neighborhood priced from $1,425. Circle Hill Apartments in the Central Business District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here is today’s list of the most affordable Prospect Heights apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Briarwood Terrace Apartments | Northpoint 1 w/ Balcony | 1BR,1BA | $1,425 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1,500 |
| Mandalane | 1A | 1BR,1BA | $1,673 |
| 4 North Apartments | Studio | Studio,1BA | $1,700 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,721 |
Best Value Apartments for Rent in Prospect Heights, IL
As of April 07, 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 2 Bedroom/1.5 Baths Model at Circle Hill Apartments starting at $1,800 with a $1.78 price per square foot in the Central Business District neighborhood. Here is today’s list of the best values for Prospect Heights 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 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| Arlington Club Apartments | C | 2BR,1.5BA | $2.40 |
| Mallard Lake | Superior | 2BR,2BA | $1.83 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $2.08 |
| Lake+House Apartments | 1 Bedroom | 1BR,1BA | $2.31 |
| Foxboro Apartments | Easton | 1BR,1BA | $2.51 |
| Hunt Club Apartments | Oak (1Bed G-R) | 1BR,1BA | $2.50 |
| Mandalane | 1A | 1BR,1BA | $2.45 |
| Briarwood Terrace Apartments | Northpoint 1 | 1BR,1BA | $2.42 |
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 Prospect Heights area?
If you’re an expert on all things Prospect Heights, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect Heights, IL Rentals by Map
See the most popular apartments and homes in Prospect Heights, IL
Prospect Heights, IL Apartments MapProspect Heights, IL Rental Homes MapGetting 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
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 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 $1,700.
How much is rent for a Cheap One Bedroom Prospect Heights Apartment?
The lowest price for a Cheap One Bedroom Prospect Heights Apartment is $1,425 at Briarwood Terrace Apartments.
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.
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.