Homes for Rent in Mount Prospect, IL

1-12 of 12 rentals
Viewing 1-12 of 12 rentals in 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

As of February 2026, 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 53.6% ($925) higher than the Illinois average of $1,727 and 51.3% ($899) higher than the U.S. average of $1,753.

Average Rent
$2,652
Monthly ChangeMonth Over Month Change
Increased0.6% ($15)
Yearly ChangeYear Over Year Change
Increased56.8% ($961)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,424 Decreased3% ($74) Increased65.3% ($958)
2 Beds $2,988 Decreased4% ($124) Increased69.9% ($1229)
3 Beds $3,542 Increased0.5% ($17) Increased79.2% ($1565)
Nearby Cities Average Rent Avg. Rent vs. Mount ProspectAverage Rent vs. Mount Prospect Avg. Days on MarketAverage Days on Market
Prospect Heights $1,777 Decreased33% ($875) 29 days
Des Plaines $2,190 Decreased17.4% ($462) 24 days
Arlington Heights $2,019 Decreased23.9% ($633) 30 days
Wheeling $2,037 Decreased23.2% ($615) 29 days
Elk Grove Village $1,699 Decreased35.9% ($953) 30 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 $2,652 per month.
Homes in Mount Prospect typically rent for between $1,697 and $4,605 per month, with an average of $2,652 per month.
In Mount Prospect, the average rent for a 1-bedroom home is $2,424 per month, for a 2-bedroom home, $2,988 per month, and a 3-bedroom home is $3,542 per month.
The average rent in Mount Prospect is 51.3% ($899) higher than the national average of $1,753 per month.
The average rent in Mount Prospect has increased by 0.6% ($15) in the last month and increased by 56.8% ($961) 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 $119,520 to comfortably afford a 2-bedroom home in Mount Prospect.
What's New on the Blog

Explore recent posts across our blog, which is 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.