Apartments for Rent in Mount Prospect, IL

Prices and availability in Mount Prospect, IL were last updated on 1 Oct 2026.

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

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

The price range for a studio apartment in Mount Prospect, IL is between $2,199 and $2,808.

The price range for a 1-bedroom apartment in Mount Prospect, IL is between $1,301 and $3,246.

The price range for a 2-bedroom apartment in Mount Prospect, IL is between $1,564 and $3,246.

The price range for a 3-bedroom apartment in Mount Prospect, IL is between $2,017 and $2,983.

In Mount Prospect, 31% of the residents are renting compared to 69% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Mount Prospect's rentals, 73% are small-scale complexes with under 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.

Rental apartments in Mount Prospect come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 55% of the total apartments in the city, while 2-bedroom floorplans represent around 38% of all rentals in Mount Prospect. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.