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Apartments for Rent in Mount Prospect, IL under $1500

Apartments for Rent in Mount Prospect, IL under $1500. 126 Rentals Available
126 Rentals Available
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3-22-city

Frequently asked questions

When were prices and availability in Mount Prospect, IL last updated?

Prices and availability in Mount Prospect, IL were last updated on 8 Jul 2026.

What are the best apartments in Mount Prospect, IL?
What type of rental buildings are in Mount Prospect, IL?

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.

Your search for apartments in Mount Prospect, IL under $1,500 stops here

Finding apartments for rent in Mount Prospect, IL for less than $1,500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 126 available units in Mount Prospect, IL, renting for under $1,500. On average, $1,394 can get you 908 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $1,500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $1,500 in Mount Prospect, IL goes for $575 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.