404-406 E Prospect Ter - Charming 2-Story Duplex in Freeport.
This charming 2-story duplex has 5 bedrooms and 2 bathrooms across about 2,560 square feet of character-filled living space. Beautiful hardwood floors run throughout, forced-air heating keeps both units comfortable, and the basement adds room for storage or laundry. It sits on a tree-lined street in Freeport with classic Midwestern charm.
Unit 404: 2 bedrooms / 1 bath, about 1,281 sq ft. Unit 406: 3 bedrooms / 1 bath, about 1,281 sq ft.
Great Deal-Great Value. This Two-bedroom, One-bathroom apartment offers simplicity and practicality at its best - all at a great deal. An open living area, efficient kitchen, and comfortable bedroom make it a functional and low-maintenance space. Ideal for professionals or students looking for a clean, affordable home. Enjoy easy access to local shops, restaurants, and public transit, plus community amenities like parking and laundry facilities. Ideal for professionals or couples looking for a low-maintenance, move-in ready space.
6+ months on RentalSource
RentalSource last checked: 11 hours ago · Listing updated: October 28, 2026
•Application fee $20 (mandatory, nonrefundable, pre-move-in). One Time Application Fee $20 (Non Refundable).
Additional Details
This 2-bedroom, 1-bathroom apartment at 404 E Prospect Terrace in Freeport, IL 61032 rents for $1,195 a month. It has 1,218 square feet. 404 E Prospect Terrace was advertised by Pied Piper Realty 6+ months ago.
Rent History
The rent has changed 3 times since it was listed 6+ months ago, from $1,525 to $1,195.
Rent history for this home, newest first
Date
Event
Rent
Change
October 28, 2026
Price change
$1,195−14.3%
−14.3%
August 26, 2026
Price change
$1,395−12.5%
−12.5%
June 30, 2026
Price change
$1,595+4.6%
+4.6%
April 18, 2026
Listed for rent
$1,525
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 404 E Prospect Terrace?
Bedrooms
2 bedrooms
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Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.
Recommended income
$47,800 /year
With your chosen rent-to-income ratio, an annual income of $47,800 is recommended to comfortably afford this 2-bedroom rental priced at $1,195 per month.
