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Cheap Apartments for Rent in Mount Prospect, IL - 85 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.

Mount Prospect, IL Demographics

  • Total Population55,127
  • Female 27,699
    Male 27,428
  • Median Age39.6

Average Rent in Mount Prospect, IL

  • Mount Prospect, IL Average Rental Price, February 2020 $1,261 /mo

Mount Prospect, IL Apartment Rent Ranges

  • $701-$1,0006%
  • $1,001-$1,50082%
  • $1,501-$2,00012%

Mount Prospect, IL Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
Mount Prospect, IL $1,130 $1,182 $1,179 $1,217 $1,207 $1,224 $1,196 $1,244 $1,230 $1,261
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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Mount Prospect, IL Households

  • Total Number of Households20,665
  • Family 15,103
    Non-family 5,562
  • Children 6,886
    No Children 13,779
  • Average People Per Household2.66
  • Median Household Income$73,652
  • Median Housing Costs Per Month$1,254

Mount Prospect, IL Education Statistics

  • No High School5%
  • Some High School26%
  • Some College23%
  • Associate Degree7%
  • Bachelor Degree26%
  • Graduate Degree13%

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 87 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 $875/mo.

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