Apartments for Rent in Mount Prospect, IL

Prices and availability in Mount Prospect, IL were last updated on 22 Oct 2026.

The best apartments in Mount Prospect, IL are: Orion ParkView, Orion Prospect, HQ Residences Apartments, Forest Cove Apartments and Top of The Mount Apartments.

The average rent in Mount Prospect, IL is $1,712.

The price range for a studio apartment in Mount Prospect, IL is between $2,018 and $2,820.

The price range for a 1-bedroom apartment in Mount Prospect, IL is between $1,369 and $3,311.

The price range for a 2-bedroom apartment in Mount Prospect, IL is between $1,723 and $3,311.

The price range for a 3-bedroom apartment in Mount Prospect, IL is between $2,069 and $3,178.

In Mount Prospect 31% of the housing is rented out compared to 69% of homes are owned, according to the most recent Census Bureau estimates. 16% of Mount Prospect's apartments are found in large buildings of 50 units or more, 73% are located in smaller apartment complexes with less than 50 units, and 11% are single-family rentals.

The average age of rental buildings in Mount Prospect is 48 years old, with 11% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 85% are garden-style apartment communities, 15% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Mount Prospect are around 3% of rentals, while 1-bedroom floor plans represent 55% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 38% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.