Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Mount Prospect, IL Rental Market Trends
What is the average rent in Mount Prospect?
The average rent for an apartment in Mount Prospect is $1,261, a change amounting to approximately 0% compared to the previous year.
Average Rent in Mount Prospect, IL
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,261 | 0% | 887 sq. ft. |
What is the average apartment size in Mount Prospect?
The average size for a Mount Prospect, IL apartment is 887 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.
Mount Prospect, IL Apartment Rent Ranges
- $701-$1,0007%
- $1,001-$1,50078%
- $1,501-$2,00015%
Mount Prospect, IL Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
5,585 or 26% of the households in Mount Prospect, IL are renter-occupied while 15,210 or 73% are owner-occupied.
Mount Prospect, IL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Mount Prospect, IL | $1,217 | $1,207 | $1,224 | $1,196 | $1,244 | $1,230 | $1,261 | $1,220 | $1,224 | $1,261 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Mount Prospect Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,908 | -4% |
| Oak Park | $1,859 | -4% |
| Evanston | $1,936 | n/a |
| Naperville | $1,589 | 6% |
| Aurora | $1,394 | 6% |
| Skokie | $1,588 | 1% |
| Arlington Heights | $1,414 | -2% |
| Kenosha | $1,100 | 5% |
| Des Plaines | $1,453 | -2% |
| Schaumburg | $1,405 | n/a |
| Mount Prospect | $1,261 | n/a |
Most Popular Apartments in Mount Prospect
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mount Prospect apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.