Filters Save search

Homes & Apartments for Rent in Mount Prospect, IL

Showing 17 rentals in Mount Prospect, then 3 more within 25 miles, nearest first.
1-20 of 20 rentals

More rentals near Mount Prospect

Viewing 1-20 of 20 rentals in and near Mount Prospect
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

View full report

As of November 2026, Mount Prospect's rental market is stable, with rentals spending about 31 days on the market, slower than in Illinois (29), and rents down 4.3% over the past year. Mount Prospect's average rent is 14.4% ($351) lower than the Illinois average of $2,439 and 2.6% ($52) higher than the U.S. average of $2,036.

Average Rent
$2,088
Monthly ChangeMonth Over Month Change
Decreased0.24% ($5)
Yearly ChangeYear Over Year Change
Decreased4.3% ($94)
Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,936 Increased0.04% ($1) Decreased2.4% ($48)
2 Beds $2,085 Decreased0.58% ($12) Decreased8.5% ($192)
3 Beds $3,299 Increased0.27% ($9) Increased1.2% ($39)
Nearby Cities Average Rent Avg. Rent vs. Mount ProspectAverage Rent vs. Mount Prospect Days on Market
Prospect Heights $1,865 Decreased10.7% ($223) 29 days
Des Plaines $2,285 Increased9.4% ($197) 27 days
Arlington Heights $2,170 Increased3.9% ($82) 28 days
Wheeling $2,154 Increased3.2% ($66) 27 days
Elk Grove Village $1,834 Decreased12.2% ($254) 29 days
Based on rentals advertised on RentalSource in and around Mount Prospect.
Frequently Asked Questions
Mount Prospect Rental Market FAQs

Explore rental prices, market conditions, and affordability in Mount Prospect, IL.

The average rent in Mount Prospect, IL is $2,088 per month.
In Mount Prospect, the average rent is $1,936 per month for a 1-bedroom home, $2,085 for a 2-bedroom home and about $3,299 for a 3-bedroom home.
The average rent in Mount Prospect is 2.6% ($52) higher than the national average of $2,036 per month.
The rental market in Mount Prospect, IL is currently stable, with rentals spending about 31 days on the market, slower than in Illinois (29), and rents down 4.3% over the past year.
Based on the current averages, a household would need an annual income of $83,400 to comfortably afford a 2-bedroom home in Mount Prospect.
What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.