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Pet Friendly

Garage

404 E Prospect Terrace

Freeport, IL 61032 - Stephenson County

Apartment

4 beds

2 baths

2,560 sqft

About 404 E Prospect Terrace

Own This Home - Don't Just Rent It. 4-bed, 2-bath charming 2-story home with 2,560 sqft of character-filled living space. Beautiful hardwood floors throughout, central air conditioning, forced air heating and a 1-car garage. Located on a tree-linedstreet in Freeport with classic Midwestern charm. Ownership Opportunity: This property qualifies for the Pied Piper Group Homeownership Program a simplified path to ownership with minimal upfront cash. Example terms: Purchase price: $200,000. Monthly payments as low as $1,495/month. Security deposit applies toward your down payment. First month's rent becomes your first mortgage payment. Program designed for hardworking buyers - self-employed, 1099 earners, small business owners, Itin holders and credit-rebuilding applicants welcome. If you qualify to rent, you may qualify to own.

RentalSource last checked: June 9, 2026 · 4:34 PM ET

Last updated: April 18, 2026 at 3:06 PM ET

Managed by: Pied Piper Realty · (815) 908-5579 · TenantTurner

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,525
Bedrooms:	4 beds
Bathrooms:	2 baths

Size:	2,560 sqft
Pet Friendly:	Yes
Has Garage:	Yes
ID:	83456164

Property Amenities

• Air Conditioning

• Garage

• Hardwood Floors

• Pet Friendly

Leasing Information

Lease term: Contact manager for leasing options.

Additional Details

Apartment for rent in Freeport for $1,525 with 4 beds, 2 baths, 2,560 sqft, pet friendly and located at 404 E Prospect Terrace in Freeport, IL 61032. The rental price of $1,525 is 77.5% ($666) higher than the average rent of $859 for apartments in Freeport, IL and 94.0% ($739) higher than the average rent of $786 for apartments in Stephenson County. 404 E Prospect Terrace was advertised by Pied Piper Realty on April 18, 2026 at 9:12 AM ET and last checked yesterday at 4:34 PM ET.

Affordability Calculator

Can I afford to live at 404 E Prospect Terrace?

Bedrooms

4 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

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

$61,000 /year

With your chosen rent-to-income ratio, an annual income of $61,000 is recommended to comfortably afford this 4-bedroom rental priced at $1,525 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,525

Rent Affordability Calculator

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Property managed by:

Pied Piper Realty
(815) 908-5579

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.