What is the average apartment size in Mount Prospect?

The average size for a Mount Prospect, IL apartment is 820 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Mount Prospect?

As of Mar / 2026, the average rent in Mount Prospect is $1,791 per month, a 0.11% increase from last years average of $1,789.

What is the average apartment size in Mount Prospect?

The typical apartment in Mount Prospect offers about 820 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Mount Prospect, IL Rental Market Trends

Q: What's the typical rent budget in Mount Prospect?

The typical rent budget in Mount Prospect ranges from $1,501 to $2,000 per month, with 54% of rentals in this range.

Q: Do most people rent or own in Mount Prospect?

In Mount Prospect, 30% of households rent while 70% own their homes, based on the latest U.S. Census data.

Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Mount Prospect is $1,791, a 0.11% increase compared to the previous year, when the average rent was $1,789.

One-bedroom apartments provide 694 square feet for $1,621, balancing privacy and affordability.

Two-beedroom units at $1,962 offer 958 square feet, perfect for roommates or small families.

Average rent in Mount Prospect, IL

Last updated: April 23, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,791	820 sq. ft.
Studio	n/a	n/a
1 Bed	$1,621	694 sq. ft.
2 Beds	$1,962	958 sq. ft.
3 Beds	n/a	n/a

Mount Prospect, IL rent trends

Rental prices in Mount Prospect, IL have increased by 0.11% over the past year. The average rent moved from $1,789 to $1,791.

What's the typical rent budget in Mount Prospect, IL?

The largest share of rentals in Mount Prospect, IL (54%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Mount Prospect, IL?

6,592 or 30% of the households in Mount Prospect, IL are renter-occupied while 15,411 or 70% are owner-occupied.

How Mount Prospect Compares to Other Cities

City	Average Rent
Mount Prospect	$1,791
Chicago	$2,471
Oak Park	$2,256
Evanston	$2,587
Aurora	$1,853
Rockford	$1,275
Skokie	$2,062
Peoria	$1,302
Naperville	$2,079
Champaign	$1,746
Lombard	$2,036
Highland Park	$2,940
Arlington Heights	$1,933
Schaumburg, IL	$1,942
Des Plaines, IL	$1,854
Palatine, IL	$1,916
Rolling Meadows, IL	$1,764
Vernon Hills, IL	$2,394
Wheeling, IL	$2,021
Glendale Heights, IL	$1,637
Buffalo Grove, IL	$2,312

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Mount Prospect apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.