Mount Prospect, IL Homes for Rent

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  Starting at $1,395 Per Month

  • 1 - 3 Beds

  1550 Dempster St, Mount Prospect, IL 60056

  The Element offers spacious one-, two-, and three-bedroom apartment homes in a prime Mount Prospect location near major employers, retail, and everyday conveniences. Each home features generous floor plans with classic layouts, townhome-style options, and plenty of room to relax and unwind. Residents can enjoy a full collection of community amenities, including a fitness center, swimming pool,

  The Element

  (224) 479-0310

  

  1550 Dempster St, Mount Prospect, IL 60056
• Explore Mount Prospect

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  Starting at $2,418 Per Month

  • Studio - 2 Beds

  207 S Maple St, Mount Prospect, IL 60056

  Welcome to Top of The Mount Apartments, a luxury living experience! Enjoy living in rapidly growing downtown Mount Prospect, which features an abundance of restaurants and shopping. Top of The Mount features modern apartments comprised of high-end finishes and convenient amenities, including the brand-new Angelo Caputo's Fresh Markets, located on the first floor. It's everything you love about

  Top of The Mount Apartments

  (224) 222-0420

  

  207 S Maple St, Mount Prospect, IL 60056
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  Starting at $1,600 Per Month

  • 1 - 3 Beds

  1300 S Elmhurst Rd, Mount Prospect, IL 60056

  At Huntington Square Apartments in Mount Prospect, Illinois, you will find great living at a great location. We have wonderful one, two, and three bedroom apartment homes for rent and we include the utilities in your rent. Our community features an outdoor pool and sundeck, tennis courts, a clubhouse a new fitness center, a private lake and park, bike trails, and beautiful landscaping. Stop by

  Huntington Square

  (224) 877-7446

  

  1300 S Elmhurst Rd, Mount Prospect, IL 60056
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  Starting at $1,459 Per Month

  • Studio - 3 Beds

  730 W Algonquin Rd, Des Plaines, IL 60016

  Your new home is waiting for you at the ReNew Des Plaines North & South! Known for our residential atmosphere, our communities are nestled in the heart of the Des Plaines/Arlington Corridor. Award-winning schools draw you in and the sense of community makes you stay. Enjoy the peace and quiet on your private balcony or join in the fun poolside. Ready to get out and get things done? ReNew

  ReNew Des Plaines North & South

  (224) 282-0295

  

  730 W Algonquin Rd, Des Plaines, IL 60016
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  Starting at $1,321

  Total Monthly Price

  • 1 - 3 Beds

  475 W Enterprise Dr, Mount Prospect, IL 60056

  At Orion Prospect Apartments, we make apartment living a wonderful experience. Even better, thanks to our excellent location in the Northwest Suburbs of Chicago, we are a commuters dream with easy access to I-90 and Route 53. Our community offers fast and easy access to all that matters in the area. Our amenity-rich community features beautifully landscaped grounds, top-rated schools and a

  Orion Prospect

  (309) 741-2533

  

  475 W Enterprise Dr, Mount Prospect, IL 60056
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  Starting at $1,400 Per Month

  • 1 - 2 Beds

  1450 S Busse Rd, Mount Prospect, IL 60056

  Eclipse at 1450 offers a comfortable lifestyle complemented by resort-class amenities and your choice of spacious one- or two-bedroom floor plans. Each floor plan comes with large closets and additional storage, so you'll always have a place for everything in your life. Our apartments are newly renovated and include large bedroom layouts and fully equipped, gourmet-inspired kitchens. The Eclipse

  The Eclipse at 1450

  (224) 434-3916

  1450 S Busse Rd, Mount Prospect, IL 60056
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  Starting at $1,519 Per Month

  • 1 - 3 Beds

  2000 W Algonquin Rd, Mount Prospect, IL 60056

  Welcome toMOUNT PROSPECT GREENSModern 1, 2, & 3 Bedroom Apartments in ChicagolandMount Prospect Greens Apartments has unveiled a BRAND NEW CLUBHOUSE and contemporary renovations to provide you with an elite living experience. We never stop in our quest to provide our residents with exciting amenities, stylish and comfortable apartment homes, and personalized care. Browse

  Mount Prospect Greens

  (224) 628-7541

  

  2000 W Algonquin Rd, Mount Prospect, IL 60056
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  Starting at $4,295 Per Month

  • 3 Beds

  320 S School St, Mount Prospect, IL 60056

  LUXURY TOWNHOME AT LIONS PARK ROW BRAND NEW CONSTRUCTION ,3 BED / 2.5 BATH | 3-STORY. Welcome to Lions Park Row, where contemporary design meets everyday comfort in this stunning newly built corner townhome. Featuring three spacious bedrooms, two and a half bathrooms, and a bright, open-concept three-story layout, this home offers elevated living in a prime location. The gourmet kitchen is

  Lions Park Row

  (224) 287-9926

  320 S School St, Mount Prospect, IL 60056
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  Starting at $2,375

  Total Monthly Price

  • Studio - 2 Beds

  235 E Prospect Ave, Mount Prospect, IL 60056

  The Dawson is a professionally managed, pet-friendly residential community just steps from Mount Prospects Metra station. Offering spacious junior, one- and two-bedroom apartments, each home features a sophisticated design and high-quality finishes that set a new standard for comfortable living. Residents can relax in the onsite dry sauna and massage chairs, while the convenience of Angelo

  The Dawson

  (224) 529-3568

  235 E Prospect Ave, Mount Prospect, IL 60056
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  Starting at $2,575 Per Month

  • 1 Bed

  11 W Prospect Ave, Mount Prospect, IL 60056

  The reimagined Prospect Place introduces a new level of luxury apartment living to the thriving downtown district of Mount Prospect. Designed & built by the award-winning team of Noah Properties & Lisek Interiors, the new construction 1 & 2 bedroom apartments offer condo-level finishes and unrivaled amenities at every turn.The professionally managed building redefines upscale living

  Prospect Place Luxury Apartments

  (331) 800-2147

  

  11 W Prospect Ave, Mount Prospect, IL 60056
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  Starting at $2,074

  Total Monthly Price

  • Studio - 3 Beds

  20 W Northwest Hwy, Mount Prospect, IL 60056

  Welcome to 20West, where elevated living meets everyday comfort in the heart of Mount Prospect. Here, spacious studio, one-, and two-bedroom floor plans are thoughtfully designed with high-end finishes, open layouts, and elegant touches that feel like home from the moment you walk in. Beyond your front door, a world of curated amenities awaits—from a modern fitness center and rooftop terrace to

  20West

  (847) 696-8706

  

  20 W Northwest Hwy, Mount Prospect, IL 60056
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  Starting at $1,507 Per Month

  • 1 - 2 Beds

  1706 Forest Cove Dr, Mount Prospect, IL 60056

  Secluded among winding walkways over wooden bridges, streams, and small ponds, Forest Cove reflects the ambiance of a mountain resort while providing the convenience of city living. Surrounded by nature, every apartment has spacious floorplans with ample storage and kitchen space while providing tranquil and scenic views. Our renovated clubhouse--The Island Club--provides the best that modern

  Forest Cove Apartments

  (630) 931-0738

  

  1706 Forest Cove Dr, Mount Prospect, IL 60056
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  Starting at $2,038 Per Month

  • Studio - 3 Beds

  122 E Northwest Hwy, Mount Prospect, IL 60056

  Discover your brand new home at this premier luxury apartment community in the heart of Mt. Prospect. Located just steps from the Metra station, you'll have unparalleled access to fabulous restaurants and entertainment, fine retail shopping, sophisticated spas, and yes, top-rated schools.Our vibrant community offers incomparable benefits -- designed to elevate your lifestyle. Enjoy the reliable

  HQ Residences Apartments

  (224) 478-1889

  

  122 E Northwest Hwy, Mount Prospect, IL 60056
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  Starting at $2,195 Per Month

  • 1 - 2 Beds

  10 N Main St, Mount Prospect, IL 60056

  Located in Downtown Mt. Prospect, 10 North Main offers studio, one bedroom, two bedroom, and three bedroom apartments with large custom closets, wide-plank flooring throughout (including bedrooms), generous quartz countertops, in-unit washer/dryer, energy efficient stainless appliances, glass-enclosed showers, and plenty of living space for at-home working or entertaining. Manage keyless entry,

  10 North Main

  (224) 501-9138

  

  10 N Main St, Mount Prospect, IL 60056
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  Starting at $2,191 Per Month

  • 1 - 2 Beds

  1551 E Central Rd, Arlington Heights, IL 60005

  Located in the beautiful Chicago suburb of Arlington Heights, Central Park East is all about the location. Central Park East is conveniently located close to the Mt. Prospect Metra Station, as well as Northwest Highway, giving you easy access to downtown Chicago. Surrounded by beautiful nature preserves and parks, this location is perfect for the avid outdoors-man. Enjoy a famous Chicago style

  Central Park East

  (224) 425-4129

  

  1551 E Central Rd, Arlington Heights, IL 60005
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  $1,350 Per Month

  • 1 Bed
  • 1 Bath
  • Condo for Rent

  301 Hawthorne Cir Unit 6, Mount Prospect, IL 60056

  Property Id: 2562478Enjoy comfortable living in this updated top-floor one-bedroom apartment in the Oak Terrace community. Recent improvements include a new refrigerator, new carpet, a new deck, and professional cleaning throughout. Located just minutes from the Mt. Prospect Rec Center, shopping, and a variety of dining options, it offers both convenience and charm.

  (708) 412-4493

  301 Hawthorne Cir Unit 6, Mount Prospect, IL 60056
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  $3,169 Per Month

  • 4 Beds
  • 2 Baths
  • 1,200 Sq Ft
  • House for Rent

  1421 S Redwood Dr, Mount Prospect, IL 60056

  Coming soon - this home is currently being enjoyed by another resident but will be available soon. Pre-lease this home now with Tricon Pre-Lease Guarantee. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 4 bedrooms, 2 bathrooms, and approximately 1,200 square feet, this well-maintained home offers a high standard of rental living,

  (224) 864-9560

  1421 S Redwood Dr, Mount Prospect, IL 60056
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  $1,350 Per Month

  • 1 Bed
  • 1 Bath
  • Condo for Rent

  327 Hawthorne Cir Unit 4, Mount Prospect, IL 60056

  Property Id: 2562491Enjoy comfortable living in this updated garden-level one-bedroom apartment in the Oak Terrace community. The home features a newly remodeled bath, modern kitchen cabinets, and durable luxury vinyl floors. Just minutes from the Mt. Prospect Rec Center, great shopping, and plenty of dining options.

  (708) 315-6819

  327 Hawthorne Cir Unit 4, Mount Prospect, IL 60056
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  $2,650 Per Month

  • 2 Beds
  • 2 Baths
  • House for Rent

  412 N Wille St, Mount Prospect, IL 60056

  Property Id: 2559953Ready to move in! 2 Bedroom/2 Bath in D57/D214 school district. Finished basement and detached 2 car garage. Wood floors and fresh paint throughout. Tenant is responsible for all utilities, lawn care and snow removal.

  (224) 478-0394

  412 N Wille St, Mount Prospect, IL 60056
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  $14,284

  Total Monthly Price

  • 4 Beds
  • 2 Baths
  • Condo for Rent

  1410 N Lama Ln Unit SI ID1237882P, Mount Prospect, IL 60056

  The advertised rate of $14,285/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 24, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can

  (224) 249-3148

  1410 N Lama Ln Unit SI ID1237882P, Mount Prospect, IL 60056
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  $2,600

  Total Monthly Price

  • 3 Beds
  • 1.5 Baths
  • 1,350 Sq Ft
  • Condo for Rent

  1002 E Callero Cir Unit 2, Mount Prospect, IL 60056

  **Welcome to Your Private Oasis in Award-Winning Hersey High School District** Discover this beautifully updated 3-bedroom, 1 1/2 bathroom duplex upper unit offering the perfect blend of privacy, space, and versatility in the highly sought-after Hersey High School district. At the end of a private cul-de-sac, this home provides a rare retreat from the everyday. The unit has been thoughtfully

  1002 E Callero Cir Unit 2, Mount Prospect, IL 60056
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  $2,400

  Total Monthly Price

  • 2 Beds
  • 1 Bath
  • 1,216 Sq Ft
  • Condo for Rent

  20 S Main St, Mount Prospect, IL 60056

  Down town in Mt. Prospect near train station. Good neighborhood, restaurant and library just across street.Heated 1 car garage include.2bed, 1bath specious area.

  20 S Main St, Mount Prospect, IL 60056
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  $1,390

  Total Monthly Price

  • 1 Bed
  • 1 Bath
  • 740 Sq Ft
  • Condo for Rent

  920 E Shady Way Unit 6, Arlington Heights, IL 60005

  Great 1 bed / 1 bath apartment. Pets o.k. with some restrictions. Close to public transportation, expressway, and O'hare. Each unit has its own patio area. Off street parking for 1 vehicle.

  920 E Shady Way Unit 6, Arlington Heights, IL 60005
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  $2,650 Per Month

  • 2 Beds
  • 1 Bath
  • 1,100 Sq Ft
  • House for Rent

  16 N Kenilworth Ave, Mount Prospect, IL 60056

  Beautiful updated home with park view, move-in ready, great location. Newer floors, newer updated kitchen with hi-end features, updated bathroom, newer appliances. Very nice decent size back yard with great view, big driveway. Great schools.

  Lora Zlotnik American Real Estate Services

  16 N Kenilworth Ave, Mount Prospect, IL 60056
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  $3,150 Per Month

  • 3 Beds
  • 1 Bath
  • 1,040 Sq Ft
  • House for Rent

  413 N Forest Ave, Mount Prospect, IL 60056

  This charming 3-bedroom, 1-bathroom ranch in Mount Prospect is available for rent and ready for you to call home! Step inside to a spacious, sun-drenched living room that flows seamlessly into an open-concept kitchen equipped with stainless steel appliances. The home boasts three generously sized bedrooms and a stylish bathroom. Relax and entertain in the private, fenced backyard. With its prime

  413 N Forest Ave, Mount Prospect, IL 60056
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  $4,595 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,831 Sq Ft
  • Apartment for Rent

  308 E Lincoln St Unit 308, Mount Prospect, IL 60056

  Nestled on the cusp of vibrant Downtown Mount Prospect, mere moments from local boutiques, trendy bars, delectable eateries, and the convenient Metra Station, Lions Park Row epitomizes the pinnacle of luxury and value. With generous room sizes, ample outdoor space and dedicated two-car garages, our attached apartment rentals redefine Northwest Suburban living by delivering unparalleled space,

  SFP Properties SFP Properties

  308 E Lincoln St Unit 308, Mount Prospect, IL 60056
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  $3,150 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,574 Sq Ft
  • Gorgeous 3 Bedroom Home in Mount Prospect!

  304 W Golf Rd, Mount Prospect, IL 60056

  Gorgeous Home located in the Country Club Terrace subdivision in Mount Prospect ready for Move In! This home offers 3 spacious bedrooms, 2.5 bathrooms on the main floor and a large, finished basement with a bathroom! The 2-car garage is oversized. Enjoy the extra space with the adjacent room between the kitchen and garage. This space can be utilized as entertainment or office! Gorgeous wooden

  304 W Golf Rd, Mount Prospect, IL 60056
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  $3,710 Per Month

  • 2 Beds
  • 2 Baths
  • 1,088 Sq Ft
  • Apartment for Rent

  11 W Prospect Ave Unit 508, Mount Prospect, IL 60056

  Elevated to the next level, Prospect Place delivers a first-class living experience to the thriving downtown district of Mount Prospect. Built by award-winning Noah Properties and boasting the expertly crafted interior design style of Lisek Interiors, the luxury residences of Prospect Place offer multiple one-bedroom and two-bedroom layouts that purposefully blend modern elegance with comfort and

  Daniel Management Group Daniel Management Group Inc

  11 W Prospect Ave Unit 508, Mount Prospect, IL 60056
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  $3,750 Per Month

  • 4 Beds
  • 2.5 Baths
  • 1,941 Sq Ft
  • House for Rent

  1306 N Burning Bush Ln, Mount Prospect, IL 60056

  Welcome to 1306 N Burning Bush Ln, ideally located in a desirable area of Mount Prospect just minutes from the Prospect Heights Metra station and within award-winning school districts, including Indian Grove Elementary and John Hersey High School. This impeccably maintained 4-bedroom, 2.5-bath home offers a functional layout, timeless charm, and a 1-car attached garage with an expanded two-car

  1306 N Burning Bush Ln, Mount Prospect, IL 60056
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  $2,550 Per Month

  • 1 Bed
  • 1 Bath
  • 630 Sq Ft
  • Apartment for Rent

  11 W Prospect Ave Unit 406, Mount Prospect, IL 60056

  Elevated to the next level, Prospect Place delivers a first-class living experience to the thriving downtown district of Mount Prospect. Built by award-winning Noah Properties and boasting the expertly crafted interior design style of Lisek Interiors, the luxury residences of Prospect Place offer multiple one-bedroom and two-bedroom layouts that purposefully blend modern elegance with comfort and

  Daniel Management Group Daniel Management Group Inc

  11 W Prospect Ave Unit 406, Mount Prospect, IL 60056
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  $2,495 Per Month

  • 3 Beds
  • 1.5 Baths
  • Condo for Rent

  3031 Lynn Ct Unit C, Arlington Heights, IL 60005

  3 Bedroom Remodeled Gigantic Townhouse in MOUNT PROSPECT!! Rent one of these beautifully renovated town homes with tons of living space. These units are fully remodeled with hardwood flooring, stainless steel appliances, updated bathrooms, washer/dryer in-unit, and wonderful outdoor space.3 Bedrooms1.5 baths2 car parking per unit!Close to Highway, Metra, Schools for

  3031 Lynn Ct Unit C, Arlington Heights, IL 60005
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  $2,750 Per Month

  • 1 Bed
  • 1 Bath
  • 566 Sq Ft
  • Apartment for Rent

  11 W Prospect Ave Unit 315, Mount Prospect, IL 60056

  Elevated to the next level, Prospect Place delivers a first-class living experience to the thriving downtown district of Mount Prospect. Built by award-winning Noah Properties and boasting the expertly crafted interior design style of Lisek Interiors, the luxury residences of Prospect Place offer multiple one-bedroom and two-bedroom layouts that purposefully blend modern elegance with comfort and

  Daniel Management Group Daniel Management Group Inc

  11 W Prospect Ave Unit 315, Mount Prospect, IL 60056
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  $4,695 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,831 Sq Ft
  • Apartment for Rent

  318 E Lincoln St Unit 318, Mount Prospect, IL 60056

  Nestled on the cusp of vibrant Downtown Mount Prospect, mere moments from local boutiques, trendy bars, delectable eateries, and the convenient Metra Station, Lions Park Row epitomizes the pinnacle of luxury and value. With generous room sizes, ample outdoor space and dedicated two-car garages, our attached apartment rentals redefine Northwest Suburban living by delivering unparalleled space,

  SFP Properties SFP Properties

  318 E Lincoln St Unit 318, Mount Prospect, IL 60056
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  $4,000 Per Month

  • 4 Beds
  • 2.5 Baths
  • House for Rent

  1802 W Willow Ln, Mount Prospect, IL 60056

  Nice 4 Bed Room with Sun Room, Fantastic location near shopping, expressways, and Mt Prospect's well known recreation center. Add great schools to the mix and you've found a winner.

  Sunil Gupta 21st Century Realty INC

  1802 W Willow Ln, Mount Prospect, IL 60056
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  $2,650 Per Month

  • 1 Bed
  • 1 Bath
  • 665 Sq Ft
  • Apartment for Rent

  11 W Prospect Ave Unit 405, Mount Prospect, IL 60056

  Elevated to the next level, Prospect Place delivers a first-class living experience to the thriving downtown district of Mount Prospect. Built by award-winning Noah Properties and boasting the expertly crafted interior design style of Lisek Interiors, the luxury residences of Prospect Place offer multiple one-bedroom and two-bedroom layouts that purposefully blend modern elegance with comfort and

  Daniel Management Group Daniel Management Group Inc

  11 W Prospect Ave Unit 405, Mount Prospect, IL 60056
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  $1,995 Per Month

  • 2 Beds
  • 1 Bath
  • 1,100 Sq Ft
  • Condo for Rent

  750 Dempster St Unit CG4, Mount Prospect, IL 60056

  Plenty of room for this spacious 2-Bedroom Ground-Floor Unit for Rent . Welcome home to this bright and beautifully maintained 2-bedroom ground-floor unit featuring desirable southern exposure and tranquil courtyard views. This inviting space has been freshly updated with brand-new flooring throughout and a full interior repaint, offering a clean, modern, and truly move-in-ready feel. The

  Nicole Canale Coldwell Banker Realty

  750 Dempster St Unit CG4, Mount Prospect, IL 60056
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  $1,450 Per Month

  • 1 Bed
  • 1 Bath
  • 750 Sq Ft
  • Condo for Rent

  1900 W Knightsbridge Dr Unit 2A, Mount Prospect, IL 60056

  HUGE FAMILY ROOM WITH DINING AREA! 1 BED ROOM, 1 BATH ROOM! GLEAMING FLOORING ALL OVER!! NO CARPETED AREA! NICE BALCONY OVERLOOKING MATURE TREES! COURTYARD! WINDOW A/C UNIT! BACKYARD WITH PARK LIKE SETTING!! EASY ACCESS TO HIGHWAY AND MINUTES TO O'HARE AIRPORT!! GOOD CREDIT A MUST!! LISTING AGENT TO RUN CREDIT AND NATIONAL BACKGROUND CHECK UP REPORT!! COME AND LOOK AT IT, YOU WILL LOVE IT. WILL.

  Thomas Vellookunnel Charles Rutenberg Realty

  1900 W Knightsbridge Dr Unit 2A, Mount Prospect, IL 60056
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  $1,650 Per Month

  • 2 Beds
  • 1 Bath
  • 1,100 Sq Ft
  • Condo for Rent

  1910 W Hatherleigh Ct Unit 2E, Mount Prospect, IL 60056

  Large 2 bedroom unit ready for a May 1st move-in date. Small dog or cat friendly. Balcony overlooks tree filled courtyard. Complex features heated pool for summertime fun. Two parking spaces included as well. Coin laundry and storage locker in basement. Excellent location near shopping, restaurants and expressway. Rent includes all utilities except electric. The price is right, so don't delay!!

  Pete Gialamas Century 21 Langos & Christian

  1910 W Hatherleigh Ct Unit 2E, Mount Prospect, IL 60056
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  $3,820 Per Month

  • 2 Beds
  • 2 Baths
  • 1,200 Sq Ft
  • Apartment for Rent

  11 W Prospect Ave Unit 513, Mount Prospect, IL 60056

  Elevated to the next level, Prospect Place delivers a first-class living experience to the thriving downtown district of Mount Prospect. Built by award-winning Noah Properties and boasting the expertly crafted interior design style of Lisek Interiors, the luxury residences of Prospect Place offer multiple one-bedroom and two-bedroom layouts that purposefully blend modern elegance with comfort and

  Daniel Management Group Daniel Management Group Inc

  11 W Prospect Ave Unit 513, Mount Prospect, IL 60056
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  $3,400 Per Month

  • 2 Beds
  • 2 Baths
  • 1,113 Sq Ft
  • Apartment for Rent

  11 W Prospect Ave Unit 302, Mount Prospect, IL 60056

  Elevated to the next level, Prospect Place delivers a first-class living experience to the thriving downtown district of Mount Prospect. Built by award-winning Noah Properties and boasting the expertly crafted interior design style of Lisek Interiors, the luxury residences of Prospect Place offermultiple one-bedroom and two-bedroom layouts that purposefully blend modern elegance with comfort and

  Daniel Management Group Daniel Management Group Inc

  11 W Prospect Ave Unit 302, Mount Prospect, IL 60056

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Why Live in Mount Prospect

Mount Prospect, Illinois, is a northwest suburb located approximately 24 miles from downtown Chicago and 8 miles from Chicago O’Hare International Airport. The area has evolved from its origins as a flag stop in the late 1800s to a bustling community with a population of over 54,000. The downtown area underwent significant redevelopment in the 1990s and 2000s, introducing brick crosswalks, wrought iron lampposts, and mixed-use properties around Village Hall and Centennial Green park. Housing options include single-family homes such as split-levels, ranch-style homes, Cape Cods, bungalows, and colonial-style homes, as well as condos and townhouses. The Mount Prospect Park District collaborates with neighboring communities to offer recreational facilities like Melas Park, Mt. Prospect Golf Club, and Old Orchard Country Club. Randhurst Village, a walkable outdoor shopping center, and Busse Woods, a large forest preserve, provide diverse things to do. The area is served by highly-rated River Trails School District 26 and Township High School District 214. Commuting is facilitated by the Metra Union Pacific Northwest Line and nine Pace bus routes, while driving remains popular. Downtown Mount Prospect features a variety of dining and shopping options, including Jewel-Osco, Aldi, Angelo Caputo's Fresh Markets, and a busy Costco. Community events such as block parties and concerts foster a friendly atmosphere, aligning with the village’s motto, “Where friendliness is a way of life.”

Learn more about living in Mount Prospect

Frequently Asked Questions

How much does it cost to rent a home in Mount Prospect, IL?

The median rent for a home in Mount Prospect, IL is $2,700 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Mount Prospect, IL?

To comfortably afford the median rent in Mount Prospect, IL, a household needs to earn roughly $108,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,700 per month in Mount Prospect, IL, renters typically need to show $8,100 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Mount Prospect, IL?

In Mount Prospect, IL, the price-to-rent ratio is 13.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Mount Prospect, IL are best for renting a home?

The best neighborhood for renting in Mount Prospect, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Mount Prospect, Birch Manor, Hatlen Heights, Mount Shire and Arlington Heights Central Business District, each with its own character and price range.

Rental Home Trends in Mount Prospect, IL

There are currently 60 homes available for rent in Mount Prospect, IL. The median rent is $2,700 per month, with single-family homes renting at $3,200, townhouses at $2,950 and condos at $2,300.

Rental Home Trends

Number of Homes for Rent

60

Median Rent

$2,700

Median Single Family Home Rent

$3,200

Median Townhouse Rent

$2,950

Median Condo Rent

$2,300