Rentometer, Inc. | Data as of 10/22/2025
Mount Prospect, Illinois, offers a welcoming suburban lifestyle just a short commuter’s ride from Chicago, making it a popular choice for professionals, families, and students alike. The city is known for its well‑maintained parks, such as Prospect Park and the scenic Prairie Crossing Trail, as well as easy access to the Metra Milwaukee District/North Line and major highways. A vibrant downtown district features boutique shops, diverse dining options, and community events that foster a close‑knit atmosphere. With reputable schools, a modern public library, and nearby amenities like the River Trails Golf Club, Mount Prospect consistently ranks as a desirable place to call home.
The rental market in Mount Prospect reflects this appeal, offering a balanced mix of apartments and single‑family homes across several neighborhoods, including Old Orchard, Westlake, and the historic downtown area. Prospective renters can choose from studio apartments typically in the $2100 range, while spacious three‑bedroom apartments and houses often approach the $3000‑$4000 range, providing options for various budgets and lifestyle needs. Whether you’re seeking a low‑maintenance apartment close to transit or a larger house with a backyard for family gatherings, Mount Prospect’s rental inventory delivers flexibility and quality. The city’s blend of suburban charm, convenient transportation, and an array of local amenities makes it an attractive destination for renters looking for both comfort and connectivity in the heart of Illinois.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,120 | $2,104 | $1,845 - $2,453 | $2,066 - $2,251 |
| Apartment | 1 Bedroom | $1,914 | $2,100 | $1,095 - $2,700 | $1,455 - $2,275 |
| Apartment | 2 Bedroom | $2,382 | $2,010 | $1,070 - $3,817 | $1,782 - $3,072 |
| Apartment | 3 Bedroom | $3,074 | $2,312 | $1,781 - $7,355 | $2,039 - $3,665 |
| House | 2 Bedroom | $2,075 | $2,075 | $1,550 - $2,600 | $1,650 - $2,600 |
| House | 3 Bedroom | $3,246 | $3,187 | $1,400 - $4,300 | $2,900 - $3,750 |
| House | 4+ Bedroom | $4,261 | $3,995 | $2,800 - $9,500 | $3,600 - $4,200 |
In the current period, the average rent in Mount Prospect was $2,120 for Studio, $1,902 for 1 Bedroom, $2,355 for 2 Bedroom, $3,209 for 3 Bedroom, and $4,262 for 4+ Bedroom.
Data provided by Rentometer, Inc.