What type of rental buildings are in Mount Prospect, IL?
In Mount Prospect, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 15% of Mount Prospect’s rentals, 72% are small-scale complexes with under 50 units, and 13% are single-family rentals.
What do typical apartment communities look like in Mount Prospect, IL?
The average age of rental buildings in Mount Prospect is 48 years old, with 6% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 90% are garden-style apartment communities, 10% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
What apartment floorplans are common in Mount Prospect, IL?
Studio apartments in Mount Prospect are around 3% of rentals, while 1-bedroom floor plans represent 56% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 37% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Renter's guide to Mount Prospect, IL
Mount Prospect is a village situated in Cook County, IL, and a small suburb of Chicago. This small city is located close to numerous woodlands, and a short drive away from Lake Michigan, making it a good spot for outdoor enthusiasts. Downtown Chicago is also close by, offering the best of both worlds.
Mount Prospect has a population of 54,593, and an area of just over 10 sq. miles, making this one of the smallest cities in the Chicago Metropolitan area. It’s only marginally smaller than the neighboring cities of Arlington Heights and Des Plaines and has a slightly higher than average population density. Compared to Chicago, it’s about 50 times smaller, lending it more of a village feel than a city.
Downtown Chicago is about 23 miles southeast of Mount Prospect, with journey times along the nearby IS 90 taking between 30 and 40 minutes in good traffic. Proximity to numerous freeways make travel in any direction fairly easy. Milwaukee is around 76 miles north of Mount Prospect, for example, and can typically be reached within an hour and a half.
Summer in Mount Prospect is described as warm and humid, and July, June, and August are the warmest months, with average highs of 84°F in June. Winters are cold and snowy, with January seeing the lowest temperatures of 14°F on average. The city sees an average of 36 inches of rain throughout the year, with summer months typically being the wettest. An additional 36 inches of snowfall per year is also common.
Tips for renting in Mount Prospect, IL
There are a variety of neighborhoods in Mount Prospect, each offering something different. The town center is where you’re more likely to find older buildings, narrower roads, and less property space. On the flip side, you can expect more local stores, restaurants, bars, and things to do. You’re also close to the central METRA station.
For a more suburban or modern feel, the northeast corner of Mount Prospect is home to several new neighborhoods. These feature far more modern housing, neighborhood parks, larger property allocation, and wider roads, as well as predominantly underground utilities. This area borders the Lake Avenue Woods, in which the Des Plaines River runs through, making it ideal for outdoor enthusiasts. A second Metra station is situated in the neighborhood, Prospect Heights, which is serviced by the NCS line running to downtown Chicago.
Living in Mount Prospect, IL
With good school systems, low crime rates, and proximity to both natural and urban areas, there’s a lot to love about Mount Prospect. Residential neighborhoods are spacious and well-kept, and while there are some industrial areas, these are mostly out of sight. The historic center is kept clean and tidy, and it offers a mix of architectural styles and tree lined streets.
The village does begin to show its age however, as some residents find the streets are too narrow, or under constant construction, which can cause delays and difficulties. Younger adults may find that there’s a certain lack of nightlife, however, downtown Chicago, or other larger cities are within reach. Arguably the largest concern for several residents is that the weather is not very comfortable, and it can take a while to acclimatize to the muggy, rainy summers, and frigid winters.
Things to do in Mount Prospect, IL
Just outside of Mount Prospect, nature lovers can enjoy a number of woodlands and nature reserves. The Ned Brown Preserve (Busse Woods) is just outside of town and offers hiking and cycling trails through a lakeside forest, as well as picnic groves, boat rentals, and the opportunity to witness elk and other stunning wildlife. Within the city, there are a number of parks to enjoy, such as Meadows Park, which features a local swimming pool, and Sunrise Park, which is ideal for dog walkers.
You can fulfil your shopping needs at Randhurst Village Mall, which offers a plethora of stores supplying everything from groceries to jewelry. You’ll also find plenty of great places to eat, and numerous entertainment venues, including the AMC Randhurst movie theater.
History buffs can learn a little about the history of the town with a visit to the Mount Prospect Historical Society, who maintain a historic house in the center of town. Filled with a variety of displays from yesteryear, it’s great for both kids and adults. Step back in time with a trip to Mrs P & Me, a historic tavern serving good food and ale, in a stunning old bar room.
Mount Prospect, IL employment & economy
The median household income for Mount Prospect is $71,925, which exceeds state and national averages. Manufacturing is the most common industry in the city, employing 3,727 residents. Health care and social assistance, and retail trade are also fairly common, while the highest paying industry is agriculture, forestry, fishing, and hunting.
The most common occupations held by residents of Mount Prospect are in management roles, office and administrative support occupations, and sales occupations. The highest paid residents are those in legal roles, while the city has an unusually high number of residents working in computer and mathematical occupations.
Education in Mount Prospect, IL
Several school districts serve Mount Prospect, though there are only 8 public elementary schools, 3 public middle schools, and one public high school within the city limits. Prospect High School is served by the Township Hsd 214 School District and ranks extremely high in terms of quality and college readiness. It also performs above average in state tests and ranks as the #23 best public high school in Illinois.
Lincoln Middle School, served by Mount Prospect School District 57, is the top-rated middle school in the city, with students regularly scoring far above average on tests. It ranks as the #156 best public middle school in the state. Lions Park Elementary School is the top-rated elementary school and is far above average in terms of testing and overall quality of education.
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