406 E Prospect Terrace

Apartment
3 beds
1 bath
1,281 sqft
Laundry on site

About 406 E Prospect Terrace

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.

Spacious 3-bedroom, 1-bath unit with about 1,281 sq ft of character-filled living space in a classic 2-story home. Beautiful hardwood floors throughout, forced-air heating and basement space for storage or laundry. Located on a tree-lined street in Freeport with classic Midwestern charm. Room for the whole household, so schedule your viewing today.
116 days on RentalSource
RentalSource last checked: 4 hours ago · Listing updated: October 28, 2026
Managed by Pied Piper Realty · (815) 908-5579
Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type: Apartment
Rental Fee: $1,195
Bedrooms: 3 beds
Bathrooms: 1 bath
Size: 1,281 sqft
Pets: Inquire
Laundry: On site
Parking: Inquire
Available: Now
ID: 84021791

Amenities

  • Laundry Facilities
  • Hardwood Floors
  • Storage

Leasing Information

Lease term: Contact manager for leasing options.
Fees
  • Security deposit $2,790 (mandatory, refundable, move-in).
  • Application fee $20 (mandatory, nonrefundable, pre-move-in). One Time Application Fee $20 (Non Refundable).

Additional Details

This 3-bedroom, 1-bathroom apartment at 406 E Prospect Terrace in Freeport, IL 61032 rents for $1,195 a month. It has 1,281 square feet. 406 E Prospect Terrace was advertised by Pied Piper Realty on July 17, 2026.

Rent History

The rent has changed twice since it was listed on July 17, from $1,200 to $1,195.

Rent history for this home, newest first
DateEventRentChange
October 28, 2026 Price change $1,195−14.3% −14.3%
August 26, 2026 Price change $1,395+16.3% +16.3%
July 17, 2026 Listed for rent $1,200

These are listed prices. What renters actually paid may have been different.

Affordability Calculator

Can I afford to live at 406 E Prospect Terrace?
Bedrooms
3 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 3-bedroom rental priced at $1,195 per month.
For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.
Apartment for rent
$1,195
Rent reduced $200 on October 28
Deposit $2,790 · Application fee $20 · All fees
Can I afford this home?
Interested in 406 E Prospect Terrace?
Find out more about this property & see if it's available now.
Property managed by
(815) 908-5579 · View all 30 rentals
Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.
406 E Prospect Terrace, Freeport, IL 61032
Apartment for rent
$1,195
Rent reduced $200 on October 28
Deposit $2,790 · Application fee $20 · All fees
Can I afford this home?
Interested in 406 E Prospect Terrace?
Find out more about this property & see if it's available now.
Property managed by
(815) 908-5579 · View all 30 rentals
Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.
$1,195
Apartment for rent
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