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Cheap Apartments for Rent in Mount Prospect, IL - 44 Rentals available

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Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Mount Prospect, IL?

The price range of a cheap apartment is between $1,195 and $1,749. Find cheap apartments in Mount Prospect, IL.

How many cheap rentals are available in Mount Prospect, IL on RENTCafé?

There are 20 cheap rentals available on RENTCafé. Prices and availability in Mount Prospect, IL were last updated on 13 Jun 2021.

What is the average size of a cheap apartment in Mount Prospect, IL?

The average Mount Prospect, IL cheap apartment size is 979 sq. ft.

What are the advantages of renting a cheap apartment in Mount Prospect, IL?

Cheap apartments in Mount Prospect, IL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Mount Prospect, IL?

A cheap apartment in Mount Prospect, IL offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Mount Prospect, IL.

Mount Prospect, IL Demographics

  • Total Population54,604
  • Female 26,944
    Male 27,660
  • Median Age40.4

Average Rent in Mount Prospect, IL

  • Mount Prospect, IL Average Rental Price, June 2021 $1,261 /mo

Mount Prospect, IL Apartment Rent Ranges

  • $701-$1,0007%
  • $1,001-$1,50078%
  • $1,501-$2,00015%

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

Mount Prospect, IL Households

  • Total Number of Households20,795
  • Family 15,210
    Non-family 5,585
  • Children 6,887
    No Children 13,908
  • Average People Per Household2.62
  • Median Household Income$79,733
  • Median Housing Costs Per Month$1,300

Mount Prospect, IL Education Statistics

  • No High School4%
  • Some High School26%
  • Some College22%
  • Associate Degree7%
  • Bachelor Degree27%
  • Graduate Degree14%

Looking for a cheap apartment for rent in Mount Prospect, IL? With RENTCafé, finding an affordable apartment in Mount Prospect, IL has never been easier. We feature 44 low-priced rentals directly from property managers, with rents lower than the Mount Prospect, IL average. What is a cheap rent in Mount Prospect, IL? The average apartment rent in Mount Prospect is $1,261 per month so any rental south of $1,009 would be considered cheap here. On RENTCafé, Mount Prospect, IL rents go as low as $890/mo.

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