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Apartments in Mount Prospect

1 - 4 of 4 Results
7
$1,460 - 4,671
Mount Prospect Greens
2000 W Algonquin Rd Mount Prospect, IL
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
0
$1,475 - 1,700
Rand Park Apartments
1050 - 1110 North Wheeling Road Mt Prospect, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
0
$1,795
1729 W Chariott Ct
1729 W Chariot Ct Mount Prospect, IL
2 BR | Available Now
Contact
Balcony/Deck/Patio
7
$1,150 - 1,699
Mount Prospect Greens
5.0
2000 W. Algonquin Rd Mount Prospect, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
1 - 4 of 4 Results
  1. Home
  2. Chicago Area Apartments
  3. Mount Prospect

How much does it cost to rent an apartment in Mount Prospect?

Mount Prospect Apartments
Bed Type Average Rent Range
1BR $1,520 $1,170 - $1,520
2BR $1,700 $1,410 - $2,190
3BR $2,290 $2,290 - $2,290
Frequently Asked Questions

How many apartments are available in Mount Prospect, IL on Rentable.co?

Rentable.co has over 1,131 apartments available in Mount Prospect.

What is the average rent for a one-bedroom apartment in Mount Prospect, IL?

The average rent for a one-bedroom apartment in Mount Prospect is around $1,520 per month.

What is the average rent for a two-bedroom apartment in Mount Prospect, IL?

The average rent for a two-bedroom apartment in Mount Prospect is around $1,700 per month.

How expensive is it to rent an apartment in Mount Prospect, IL?

For a two-bedroom apartment in Mount Prospect, the average rent price is $1,700 per month, which is similar to the national average of $1,600 per month.

Can I afford an apartment for rent in Mount Prospect, IL?

Based on average rent prices in Mount Prospect, to afford a one-bedroom apartment you would need an annual household income of $61,000 to live comfortably.

Neighborhoods

Lions Park

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Mount Prospect:
November Rent Report

Welcome to the November 2024 Mount Prospect Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Mount Prospect rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Mount Prospect and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Mount Prospect average rent prices in the chart below.

Monthly Rent Report

$1,900
$1,430
$950
$480
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Mount Prospect Rent Prices Decrease From October to November

Mount Prospect rent prices decreased over the last month. From October to November, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Mount Prospect one-bedroom apartments currently stands at $1,505.0.

When we take a look at the two-bedroom comparison from October to November, Mount Prospect experienced a -0.22% decrease for the price of a two-bedroom apartment. The rent price for a Mount Prospect two-bedroom apartments currently stands at $1,835.0.

November Prices: Mount Prospect vs. Surrounding Areas

Rent Prices in Mount Prospect and Surrounding Areas

Rent prices have decreased in Mount Prospect over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Mount Prospect suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Mount Prospect suburbs

  • Rents did not decrease in any of the Mount Prospect suburbs.

November 2024 Pricing Trends: Mount Prospect vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Mount Prospect Rent Prices More Affordable Than Major Cities

Rent growth in Mount Prospect over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Mount Prospect average rent prices appear to be relatively affordable for local residents.

The price for a Mount Prospect one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Mount Prospect and surrounding area rent prices, take a look at the complete data set below.

Data set for Mount Prospect and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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