Save This Search

Apartments for Rent in Mount Prospect, IL under $1500

36 Rentals Available
Apartments for Rent in Mount Prospect, IL under $1500. 36 Rentals Available
  • a living room with leather furniture and a tv
    73
    Today

    1706 Forest Cove Dr., Mount Prospect, IL 60056
    1 BED $1,404+
  • 8638-56 W. Golf Rd Studio-1 Bed Apartment for Rent
    Today

    8638-56 W. Golf Rd, Des Plaines, IL 60016
    STUDIO $1,180
    1 BED $1,400

  • More Rentals Near Mount Prospect, IL

  • a living room with a green couch and a television
    137
    Today

    4700 Arbor Drive, Rolling Meadows, IL 60008
    1 BED $1,450+
  • A living room with a grey sofa and a wooden floor.
    9
    Today

    310 W Rand Road, Arlington Heights, IL 60004
    2 BEDS $1,390+
  • a living room with a fireplace and chairs and a table
    42
    Today

    470 Foxboro Dr, Wheeling, IL 60090
    1 BED $1,375+
  • Renting has its Rewards
    Start earning points to redeem on travel, experiences, gift cards, live events, and more!
    Earn points for:
    Internet and Entertainment
    Utilities
    Insurance
    Learn more
  • a living room with a table and a couch and a window
    32
    Today

    450 Manda Lane, Wheeling, IL 60090
    Income Restricted
    1 BED $1,446+
  • A kitchen with a counter and a fan.
    28
    Today

    70 S Buffalo Grove Rd, Buffalo Grove, IL 60089
    1 BED $1,495
  • a kitchen with a white refrigerator freezer and a stove top oven
    37
    Today

    323-409 N. Northwest Hwy., Palatine, IL 60067
    STUDIO Ask for Pricing
  • a living room with couches chairs and tables and a fireplace
    14
    Today

    1031 Charlela Ln, Elk Grove Village, IL 60007
    1 BED $1,447+
  • A kitchen with a granite countertop and a stove top oven.
    1 day ago

    8504 Waukegan Rd, Morton Grove, IL 60053
    1 BED $1,475
  • a living room with a couch and chairs and a table
    26
    Today

    975 Sterling Avenue, Palatine, IL 60067
    1 BED $1,500+
  • Interactive banner bedroom
    How many bedrooms are you
    looking for?
  • A kitchen with brown cabinets and a white refrigerator.
    1 day ago

    9229 Sally Lane, Schiller Park, IL 60176
    1 BED $1,250
  • A kitchen with a white stove top oven and dark brown cabinets.
    1 day ago

    9229 Sally Lane, Schiller Park, IL 60176
    2 BEDS $1,350
  • A kitchen with a stove top oven and a wall-mounted microwave.
    1 day ago

    3810 25Th Ave, Schiller Park, IL 60176
    1 BED $1,500
  • A kitchen with grey cabinets and a white wall.
    1 day ago

    9610 Ivanhoe Ave, Schiller Park, IL 60176
    1 BED $1,450
  • an open kitchen and living room with a dining area and a couch
    85
    Today

    280 Spring Hill Dr, Roselle, IL 60172
    STUDIO Ask for Pricing
    1 BED $1,495
  • A living room with a grey couch and a painting on the wall.
    156
    Today

    1131-1139 Center St., Bensenville, IL 60106
    1 BED $1,435
  • A kitchen with a white refrigerator and a white stove top oven.
    1 day ago

    5020 Church Street, Skokie, IL 60077
    STUDIO $1,300
  • A living room with a white couch and a television.
    27
    Today

    7171 W Gunnison St, Harwood Heights, IL 60706
    STUDIO $1,042+
    1 BED Ask for Pricing
  • an apartment building on the corner of a street
    20
    Today

    4934-44 Church St, Skokie, IL 60077
    2 BEDS Ask for Pricing
  • a kitchen with black cabinets and stainless steel appliances
    57
    Today

    8540 Niles Center Rd, Skokie, IL 60076
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a bedroom with two closet doors and a carpeted floor
    31
    Today

    4921 Crain, Skokie, IL 60077
    STUDIO $1,350
    1 BED $1,495
  • A kitchen with a refrigerator and a window in a room with wooden flooring.
    1 day ago

    4855 Elm Street, Skokie, IL 60077
    STUDIO $1,300
  • A kitchen with a white refrigerator and a white stove top oven.
    1 day ago

    4855 Elm Street, Skokie, IL 60077
    STUDIO $1,300
  • a walkway between two apartment buildings with green bushes
    41
    Today

    4630- 4611 Davis St, Skokie, IL 60076
    2 BEDS Ask for Pricing
2-23-city
Nice work, you've checked out every rental here! Expand your search to find your happy place.

Save Search

Getting around in Mount Prospect, IL

87 /100
Very Walkable
35 /100
Some Transit
62 /100
Bikeable
Walk Score®: 87, Transit Score®: 35, Bike Score®: 62

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 25 Nov 2025.

What are the best apartments in Mount Prospect, IL?

The best apartments in Mount Prospect, IL are: Forest Cove Apartments, HQ Residences, Top of The Mount Apartments, 20West and The Dawson.

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

In Mount Prospect 30% of the housing is rented out compared to 70% of homes are owned, according to the most recent Census Bureau estimates. 17% of Mount Prospect’s apartments are found in large buildings of 50 units or more, 72% are located in smaller apartment complexes with less than 50 units, and 10% are single-family rentals.

Apartments in Mount Prospect, IL under $1,500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 36 apartments for rent in Mount Prospect, IL on which you’ll spend less than $1,500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,500. The average rental size in Mount Prospect, IL is 808 Sqft, but the $1,500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!