Rentometer, Inc. | Data as of 10/23/2025
Prospect Heights, Illinois, offers a vibrant rental market that blends historic charm with modern convenience. Situated just a short commute from downtown Chicago, the neighborhood is well‑known for its tree‑lined streets, eclectic dining scene, and easy access to the Metra and CTA lines. Renters enjoy a variety of apartment options, from stylish studios to spacious two‑bedroom units, making the area attractive to young professionals, families, and students alike. One‑bedroom apartments typically fall in the $1400‑$1600 range, while two‑bedroom units often rent in the $1800‑$1900 bracket, reflecting the strong demand for comfortable, well‑located housing.
The community’s appeal is further enhanced by nearby attractions such as the historic Pullman district, Union Park, and a selection of boutique shops and local cafés. Residents benefit from high‑quality schools, numerous parks, and a lively cultural calendar that includes art walks and seasonal festivals. With a balanced mix of urban amenities and a welcoming neighborhood atmosphere, Prospect Heights remains a sought‑after destination for those looking to secure a rental home in the heart of the Chicago metropolitan area.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,463 | $1,579 | $1,075 - $1,621 | $1,549 - $1,621 |
| Apartment | 2 Bedroom | $1,857 | $1,895 | $1,525 - $2,015 | $1,749 - $1,990 |
In the current period, the average rent in Prospect Heights was
$1,464 for 1 Bedroom, and
$1,858 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.