Apartments for Rent in Prospect Heights, IL

Prices and availability in Prospect Heights, IL were last updated on 14 Oct 2026.

The best apartment in Prospect Heights, IL is: 866 Cider Lane, Unit 306.

The average rent in Prospect Heights, IL is $1,638.

In Prospect Heights 33% of the housing is rented out compared to 67% of homes are owned, according to the most recent Census Bureau estimates. 28% of Prospect Heights's apartments are found in large buildings of 50 units or more, 63% are located in smaller apartment complexes with less than 50 units, and 9% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Prospect Heights are about 50 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Prospect Heights come in a range of sizes and floorplans. Studio apartments represent 0.2% 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 66% of the total apartments in the city, while 2-bedroom floorplans represent around 32% of all rentals in Prospect Heights. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.