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Newest Homes for Rent in Mount Prospect, IL

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  • /47

    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

    1550 Dempster St, Mount Prospect, IL 60056
  • /36

    Starting at $1,384

    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 commuter's 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

    475 W Enterprise Dr, Mount Prospect, IL 60056
  • /52

    Starting at $1,489 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

    730 W Algonquin Rd, Des Plaines, IL 60016
  • /56

    Starting at $2,440 Per Month

    • 1 - 2 Beds

    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

    11 W Prospect Ave, Mount Prospect, IL 60056
  • /35

    Starting at $2,198 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

    207 S Maple St, Mount Prospect, IL 60056
  • /29

    Starting at $1,571 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

    1706 Forest Cove Dr, Mount Prospect, IL 60056
  • /30

    Starting at $2,137 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

    1551 E Central Rd, Arlington Heights, IL 60005
  • /55

    Starting at $1,581 Per Month

    • 1 - 3 Beds

    1958 W Algonquin Rd, Mt Prospect, IL 60056

    Mount Prospect Greens offers pet-friendly one, two, and three bedroom apartments in Mount Prospect, IL. Our community features updated apartment homes with open-concept layouts, spacious closets, and abundant natural light, along with a clubhouse, fitness center, coworking space, landscaped courtyards, and on-site laundry. Conveniently located near Randhurst Village, I-90, Route 53, the Mount

    Mount Prospect Greens

    1958 W Algonquin Rd, Mt Prospect, IL 60056
  • /36

    Starting at $2,299

    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

    235 E Prospect Ave, Mount Prospect, IL 60056
  • /12

    $2,495 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,500 Sq Ft
    • House for Rent

    417 S William St, Mount Prospect, IL 60056

    Located on a quiet residential block in one of Mount Prospect’s most desirable neighborhoods, this spacious 3 bed, 1.5 bath home offers comfort, convenience, and everyday livability. The layout features bright living spaces, a functional kitchen, well-sized bedrooms, and generous storage throughout. A private yard and off-street parking add to the home’s appeal. Residents enjoy close proximity to

    417 S William St, Mount Prospect, IL 60056
  • /40

    Starting at $2,199 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

    122 E Northwest Hwy, Mount Prospect, IL 60056
  • /20

    $1,900 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Townhouse for Rent

    600 E Old Willow Rd, Prospect Heights, IL 60070

    Property Id: 4628 2 bedroom, 1 bathroom townhouse with attached garage located in a quiet and friendly neighborhood conveniently located 2 miles away from I-294. Open layout, recessed lighting, kitchen with granite countertops, stainless steel appliances, new flooring, spacious master bedroom with stunning walk-in closet, in unit washer and dryer. The unit has plenty of natural light and

    600 E Old Willow Rd, Prospect Heights, IL 60070
  • /20

    $1,695

    Total Monthly Price

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

    940 E Old Willow Rd Unit 211, Prospect Heights, IL 60070

    Spacious second floor 1 bedroom 1 bath in Willow Woods complex in Prospect Heights- updated kitchen with granite countertops and stainless steel appliances, - laminate and tile floor- balcony- clubhouse- outdoor pool

    940 E Old Willow Rd Unit 211, Prospect Heights, IL 60070
  • /69

    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

    1300 S Elmhurst Rd, Mount Prospect, IL 60056
  • /2

    $1,795 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    1110 N Wheeling Rd Unit C3, Mount Prospect, IL 60056

    Excellent two bedroom, one bathroom in Northwest suburban Mount Prospect features rehabbed kitchen with granite countertops, stainless steel appliances, microwave, open large combination living and dining rooms, built in AC unit, hardwood floors throughout, spacious bedrooms, great closet space, rehabbed bathroom, laundry room in building, pets are welcome, and one parking space is included!

    1110 N Wheeling Rd Unit C3, Mount Prospect, IL 60056
  • /2

    $1,525 Per Month

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

    1100 N Wheeling Rd Unit A3, Mount Prospect, IL 60056

    Great one bedroom, one bathroom in Northwest suburban Mount Prospect features rehabbed kitchen with granite countertops, stainless steel appliances, microwave, open large combination living and dining rooms, built in AC unit, hardwood floors throughout, spacious bedroom, great closet space, rehabbed bathroom, laundry room in building, pets are welcome, and one parking space is included! Close to

    1100 N Wheeling Rd Unit A3, Mount Prospect, IL 60056
  • /27

    $2,000 Per Month

    • 2 Beds
    • 2 Baths
    • 1,240 Sq Ft
    • Condo for Rent

    1415 E Central Rd Unit 318C, Arlington Heights, IL 60005

    Beautiful Condo in a Desirable Community! Welcome home to this well-maintained condo located in a secure brick building. Enjoy a convenient location next to the community pool and clubhouse. The inviting floor plan offers a spacious foyer with a large front closet, a bright kitchen with a dedicated breakfast area, and a generously sized living room with a separate dining area. Hardwood flooring

    Justyna Trublowski Exit Realty Redefined

    1415 E Central Rd Unit 318C, Arlington Heights, IL 60005
  • /35

    $3,500 Per Month

    • 3 Beds
    • 2 Baths
    • 1,694 Sq Ft
    • House for Rent

    1923 E Pawnee Ln, Mount Prospect, IL 60056

    Beautifully renovated split-level home offering 3 bedrooms and 2 full bathrooms. The main level features a bright and spacious living room with vaulted ceilings, recessed lighting, and a cozy fireplace. The updated kitchen boasts custom cabinetry, stainless steel appliances, heated flooring, and a comfortable dining area. The walk-out lower level offers a unique in-law suite with a separate

    Agent Photo

    Rafay Qamar

    Real Broker LLC

    1923 E Pawnee Ln, Mount Prospect, IL 60056
  • /10

    $1,950 Per Month

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

    1761 W Algonquin Rd Unit 1B, Mount Prospect, IL 60056

    Very affordable 2 bedroom, 2 bath condo with an in-unit washer and dryer. Conveniently located in the Cinnamon Cove complex which is near shopping, restaurants and transportation. Primary suite with a full private bathroom. Assigned parking spot right out your front door. Sliders lead to your large patio space. Quiet building with only six units. Unit gets tons of natural light and is available

    Pete Gialamas Century 21 Langos & Christian

    1761 W Algonquin Rd Unit 1B, Mount Prospect, IL 60056
  • /16

    $2,100 Per Month

    • 3 Beds
    • 1 Bath
    • 1,700 Sq Ft
    • Apartment for Rent

    736 W Dempster St Unit AG7, Mount Prospect, IL 60056

    First floor with very large 3 bedroom condo in desirable Mount Prospect that is move in ready. Remodeled kitchen with plenty of cabinets and counter space. Beautiful hardwood floors through out, lots of storage, very large room sizes. Plenty of parking. Rent price includes heat,water,sewer and cooking gas. Beautiful courtyard and picnic area for everyone to enjoy. Pet friendly complex.

    Rafael Porras Casaguia LLC

    736 W Dempster St Unit AG7, Mount Prospect, IL 60056
  • /27

    $3,599 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,562 Sq Ft
    • House for Rent

    904 S Edward St, Mount Prospect, IL 60056

    This beautifully maintained split-level home is ideally situated on a tranquil street, just moments from major highways, restaurants, and shopping, including the convenience of Mariano's within walking distance. The property is located within the highly sought-after School Districts 57 and 114, offering access to top-rated schools: Lions Park Elementary, Lincoln Middle School, and Prospect High

    Radoslaw Marzol Marzol Realty Group, Inc.

    904 S Edward St, Mount Prospect, IL 60056
  • /10

    $1,800 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,300 Sq Ft
    • Apartment for Rent

    1852 S Anna Marie Dr Unit 303, Mount Prospect, IL 60056

    Beautiful 2 bedrooms,1.5 bathroom third floor condo. New appliances, pantry, big dinning room, balcony. 2 parking spaces. Laundry in the basement. No pets. Good credit only!

    Annette Bani Hani Baird & Warner

    1852 S Anna Marie Dr Unit 303, Mount Prospect, IL 60056
  • /10

    $1,400 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    860 E Old Willow Rd Unit 139, Prospect Heights, IL 60070

    Just remodeled impeccable open floor plan 1 bed 1 bath first floor spacious & bright unit , with welcoming foyer, jumbo living room huge patio generous closets , additional storage, new appliance , new 50 gl water tank new A/C , new floors trough out , professional painted , grill area just outside your patio door that welcome you to playground , park and pool . Excellent location in complex with

    Alexander Mirgorodsky Core Realty & Investments, Inc

    860 E Old Willow Rd Unit 139, Prospect Heights, IL 60070
  • /35

    Starting at $2,225 Per Month

    • 1 - 3 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

    10 N Main St, Mount Prospect, IL 60056
  • /37

    $1,600

    Total Monthly Price

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

    601 W Huntington Commons Rd Unit 302, Mount Prospect, IL 60056

    Welcome to this bright and spacious 1-bedroom, 1-bath condo for rent in Mount Prospect! This well-maintained unit features a generous open living area filled with natural light, neutral finishes, and easy-care flooring throughout. The kitchen offers plenty of cabinet and counter space and a convenient breakfast bar. Step outside onto your private balcony and enjoy beautiful open views. The

    601 W Huntington Commons Rd Unit 302, Mount Prospect, IL 60056
  • /10

    $2,400 Per Month

    • 2 Beds
    • 2 Baths
    • 1,300 Sq Ft
    • Condo for Rent

    1515 E Central Rd Unit 258A, Arlington Heights, IL 60005

    This spacious and sunny, spectacular 2 bedroom 2 bath end unit is available for immediate occupancy . It has been recently updated and redone. Gleaming hardwood floors throughout. Open concept floor plan. Master suite has walk in closet and master bath. Private balcony with an extra storage space is overlooking rolling greens. It absolutely shows like a model. This complex has many extras

    Tad Szmelter Coldwell Banker Realty

    1515 E Central Rd Unit 258A, Arlington Heights, IL 60005
  • /21

    $2,600 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,150 Sq Ft
    • Townhouse for Rent

    639 Maple Ct, Mount Prospect, IL 60056

    Beautifully Renovated, Move-In Ready, 3-Bedroom Townhome with Finished Basement & Exceptional Outdoor Space. This home offers three levels of spacious living, featuring 3 bedrooms, 1.5 bathrooms, a renovated eat-in kitchen, hardwood floors, and custom built-ins throughout. A convenient walk-in pantry adds even more storage and functionality to the main living area. The finished basement expands

    Roger Lee RHL Realty LLC

    639 Maple Ct, Mount Prospect, IL 60056
  • /22

    $2,200 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,150 Sq Ft
    • Townhouse for Rent

    43 E Judith Ann Dr, Mount Prospect, IL 60056

    Beautiful 3bed 1.5 bath townhome with Hardwood floors and full basement. Located in a quite area with close proximity to Randhurst Shopping Center, Transportation, Park & Express way. Great outdoor space in the back! Easy to show!

    Rajan Kannath Realta Real Estate

    43 E Judith Ann Dr, Mount Prospect, IL 60056
  • /11

    $4,295 Per Month

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

    332 S School St Unit 332, 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

    332 S School St Unit 332, Mount Prospect, IL 60056
  • /11

    $4,095 Per Month

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

    Unlisted Address

    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

    Unlisted Address
  • /19

    $3,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,600 Sq Ft
    • Condo for Rent

    1405 E Central Rd Unit 122C, Arlington Heights, IL 60005

    Property Id: 2408077 Stunning, highly desirable, Dana Point Condominium. First floor, end unit. Large patio off living room and small patio off master suite. Well appointed kitchen. Large master suite has walk in closet, full bath, and private patio. Secondary bedrooms have plenty of space. 1 underground parking space included along with access to pool, fitness, and clubhouse. Laundry in

    1405 E Central Rd Unit 122C, Arlington Heights, IL 60005
  • /16

    Starting at $4,095 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

    320 S School St, Mount Prospect, IL 60056
  • /6

    $3,995 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,904 Sq Ft
    • House for Rent

    1807 N Larch Dr, Mount Prospect, IL 60056

    Custom-Built Brick Ranch with Exceptional Craftsmanship This custom-built solid-brick ranch offers everything you've been looking for-and more! A beautifully executed floor plan blends quality craftsmanship with timeless elegance, creating a home that is both sophisticated and inviting. The spacious kitchen is designed for both everyday living and entertaining, featuring handcrafted cabinetry,

    Connie Hoos Coldwell Banker Realty

    1807 N Larch Dr, Mount Prospect, IL 60056
  • /5

    $2,750 Per Month

    • 3 Beds
    • 1.5 Baths
    • Townhouse for Rent

    529 E Lincoln St Unit 529, Mount Prospect, IL 60056

    Welcome to this stunning, completely renovated three bedroom, one and a half bath townhouse with a finished lower level, where modern design, quality finishes, and an exceptional Mount Prospect location come together beautifully. Thoughtfully updated from top to bottom, this residence offers the fresh, sophisticated feel of new construction with the comfort and character of an established home.

    Claudiu Popescu Baird & Warner

    529 E Lincoln St Unit 529, Mount Prospect, IL 60056
  • /7

    $2,300

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,300 Sq Ft
    • Townhouse for Rent

    531 E Lincoln St, Mount Prospect, IL 60056

    This town home is 2 blocks from the Mount Prospect Metra station as well as the entertainment district in Downtown Mount Prospect featuring bands throughout the summer and events such the Mount Prospect Block Party and October Fest, etc. just to name a few. It is across the street from Lions park, Mount Prospect's Wave Pool, Lions Park Elementary School, and the Mount Prospect Band Shell. This

    531 E Lincoln St, Mount Prospect, IL 60056
  • /14

    $1,800 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    611 W Central Rd Unit A5, Mount Prospect, IL 60056

    Welcome to this first-floor condo located just a short distance from downtown Mount Prospect. This inviting unit offers two bedrooms, one full bath, and the convenience of in-unit laundry. Located in a 55+ community, this home provides comfortable, easy living in a convenient location close to shopping, dining, transportation, and all that downtown Mount Prospect has to offer. The landlord

    Kris Bochenek Berkshire Hathaway HomeServices Starck Real Estate

    611 W Central Rd Unit A5, Mount Prospect, IL 60056
  • /3

    $1,080 Per Month

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

    16 W Busse Ave Unit 8, Mount Prospect, IL 60056

    Room for Rent! Private Room includes cabinets, counter, microwave, refrigerator, and closet. Bathroom is shared with 3 other occupants. Enjoy comfort and convenience in this cozy private room located in the heart of downtown Mt. Prospect. Two to 3 minute walk to the Mt. Prospect Metra, bus stops, steps from shopping, restaurants, cafes, and everyday essentials. This space is ideal for someone

    Serena Ivaldi Compass

    16 W Busse Ave Unit 8, Mount Prospect, IL 60056
  • /19

    $2,350 Per Month

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

    40 E Northwest Hwy Unit 212, Mount Prospect, IL 60056

    This is the one! Enjoy this bright 1 bedroom, 1 bath condo featuring 10-foot ceilings and a huge veranda (267 s.f.). Newer stainless steel appliances. Steps to the Metra train station as well as many bars, restaurants, and even Caputo's Fresh Market. Enjoy bandshell concerts, Concerts on the Green, and numerous downtown festivals, and regular summer Saturday Night Car Shows and Sunday Farmer's

    Tom Zander Berkshire Hathaway HomeServices Starck Real Estate

    40 E Northwest Hwy Unit 212, Mount Prospect, IL 60056
  • /7

    $2,300 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,300 Sq Ft
    • Apartment for Rent

    516 W Ida Ct Unit 1, Mount Prospect, IL 60056

    Modern & Bright 3-Bedroom, one and half bathroom Unit with Stylish Finished, Live in luxury without the mortgage! This beautifully updated 3-bedroom, 1.1-bathroom unit offers a sleek and contemporary living space, perfect for those seeking comfort and style. The spacious bathroom features tub/shower combo. The open-concept kitchen includes a generous island, brand new cabinets, and modern

    Agata Zabludowska Exit Realty Redefined

    516 W Ida Ct Unit 1, Mount Prospect, IL 60056
  • /21

    $2,800 Per Month

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

    11 S Wille St Unit 705, Mount Prospect, IL 60056

    Ideally situated in Downtown Mount Prospect, this 2 Bedroom & 2 Full Bathroom unit with LAUNDRY is ready for the next tenant! Located on the top floor of this beautiful building you get sweeping views of the downtown from your sunny balcony. Opening to condo you will note the freshly painted space, hardwood floors through most and open floor plan! Sunny kitchen enjoys a rare Skylight which fills

    Agent Photo

    Caroline Starr

    @properties Christie's International Real Estate

    11 S Wille St Unit 705, Mount Prospect, IL 60056

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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 $2,325 per month, though prices vary by neighborhood, size, and property type. As of September 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 $93,000 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 $2,325 per month in Mount Prospect, IL, renters typically need to show $6,975 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 15.6, 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, North Mount Prospect, Hatlen Heights, Birch Manor and Mount Shire, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
49
Median Rent
$2,325
Median Single Family Home Rent
$3,175
Median Townhouse Rent
$2,795
Median Condo Rent
$2,050
How to Rent a Home