Homes for Rent in 60056

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What to Know About

Life in Mount Prospect & Beyond

Mount Prospect shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Mount Prospect, IL

As of July 2025, Mount Prospect's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mount Prospect's average rent is 24.7% ($430) higher than the Illinois average of $1,743 and 22.4% ($398) higher than the U.S. average of $1,775.

Average Rent
$2,173
Monthly ChangeMonth Over Month Change
Decreased2.9% ($66)
Yearly ChangeYear Over Year Change
Increased19.8% ($359)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,091 Decreased0% ($1) Increased42.7% ($626)
2 Beds $2,663 Increased3.5% ($90) Increased38.8% ($744)
3 Beds $3,102 Increased3.5% ($105) Decreased11.5% ($402)
Nearby Cities Average Rent Avg. Rent vs. Mount ProspectAverage Rent vs. Mount Prospect Avg. Days on MarketAverage Days on Market
Des Plaines $2,240 Increased3.1% ($67) 24 days
Arlington Heights $1,979 Decreased8.9% ($194) 30 days
Wheeling $2,089 Decreased3.9% ($84) 29 days
Elk Grove Village $1,829 Decreased15.8% ($344) 30 days
Glenview $2,808 Increased29.2% ($635) 26 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Mount Prospect Rental Market FAQs

Explore rental prices, market trends, and availability in Mount Prospect, IL.

The average rent in Mount Prospect, IL is $2,173 per month.
Homes in Mount Prospect typically rent for between $1,464 and $4,033 per month, with an average of $2,173 per month.
In Mount Prospect, the average rent for a 1-bedroom home is $2,091 per month, for a 2-bedroom home, $2,663 per month, and a 3-bedroom home is $3,102 per month.
The average rent in Mount Prospect is 22.4% ($398) higher than the national average of $1,775 per month.
The average rent in Mount Prospect has decreased by 2.9% ($66) in the last month and increased by 19.8% ($359) over the past year.
The rental market in Mount Prospect, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Mount Prospect, IL, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 12 rental properties available in Mount Prospect, IL.
Based on the current averages, a household would need an annual income of $106,520 to comfortably afford a 2-bedroom home in Mount Prospect.
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