15 Hours Ago
Highlights
- Off-street designated parking space
- Two bedroom one bathroom
Location
406 Prospect St #2, Elgin, IL 60120, USA|Northeast Elgin
Tour 406 Prospect St #2
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Will
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Property Overview
Two-bedroom, one-bath home with an off-street designated parking space and access to outdoor spaces, offering strong value for money in the local market. Conveniently located near highly rated elementary and high schools, it also sits within a few miles of a grocery store. Pet-friendliness is supported by nearby pet supply options and veterinary hospitals.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Pet owners
Amenities for 406 Prospect St #2, Northeast Elgin
Building
| Dogs OK |
Grounds
| Assigned Parking | Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Not allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 406 Prospect St #2
Two Bedroom one Bathroom Elgin. Well maintained second floor apartment. Near Elgin’s Gold Coast. Off-street designated parking space. $1525/mth. Tenant pays utilities. Text/VM for more information/showings (vouchers). Non-smoking unit. Dogs possible Will (630) 715-2819
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 406 Prospect St, Elgin, IL 60120, USA compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Address details
| Neighborhood | Northeast Elgin |
|---|---|
| Zip code | 60120 |
| Type | Apartment for rent |
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Rent trends in Northeast Elgin
2-bedroom apartments at 406 Prospect St #2 cost about 39% more than the average rent price for 2-bedroom apartments in Elgin.
Median rents as of Jun 13 2026.
Northeast Elgin
Elgin
| Month | Median Rent |
|---|---|
| June 2024 | $1,700 |
| July 2024 | $1,884 |
| August 2024 | $2,317 |
| September 2024 | $2,174 |
| October 2024 | $2,168 |
| November 2024 | $2,144 |
| December 2024 | $2,000 |
| January 2025 | $2,062 |
| February 2025 | $1,961 |
| March 2025 | $2,019 |
| April 2025 | $1,820 |
| May 2025 | $1,865 |
| June 2025 | $1,985 |
| July 2025 | $2,012 |
| August 2025 | $1,989 |
| September 2025 | $1,965 |
| October 2025 | $1,952 |
| November 2025 | $1,815 |
| December 2025 | $1,789 |
| January 2026 | $1,822 |
| February 2026 | $1,789 |
| March 2026 | $1,940 |
| April 2026 | $2,062 |
| May 2026 | $2,075 |
| June 2026 | $2,000 |
| Month | Median Rent |
|---|---|
| June 2016 | $1,175 |
| January 2018 | $1,187 |
| March 2018 | $1,087 |
| April 2018 | $1,050 |
| February 2019 | $1,095 |
| March 2019 | $1,045 |
| August 2019 | $1,233 |
| September 2019 | $1,195 |
| October 2019 | $1,250 |
| November 2019 | $1,150 |
Affordability calculator
Can I afford to live at 406 Prospect St #2?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$61,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $61,000 annually to afford this 2-bedrooms monthly rent price of $1,525.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 1 year ago | $1,475 | 2 bed | 1 bath | ||
| 1 year ago | $1,475 | 2 bed | 1 bath | ||
| 1 year ago | $1,475 | 2 bed | 1 bath | ||
| 2 years ago | $1,400 | 2 bed | 1 bath |
Schools near 406 Prospect St #2
Ronald D O'Neal Elementary School
510 franklin blvd
elgin, IL, 60120
K-6Public
C-
Jerri Hoffmann Child & Family Center
229 lake marian rd
carpentersville, IL, 60110
PK, KPublic
District 54 Early Learning Center
520 e schaumburg rd
schaumburg, IL, 60194
PKPublic
Marletta Darnall Schaumburg Child & Family Center
725 east schaumburg rd
schaumburg, IL, 60194
PKPublic
Community Child Care Center of Palatine Township
721 south quentin rd
palatine, IL, 60067
PKPublic
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Internet available near 406 Prospect St #2
Neighborhood
Northeast Elgin | Elgin, IL
Getting around Elgin near 406 Prospect St #2
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 406 Prospect St #2, Elgin
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Other units at this address
406 Prospect St, Elgin, IL
406 Prospect St Elgin, IL
Occupied
4
2 Beds
1 Bath
$1,400
Air Conditioning • Assigned Parking
Occupied
Apt 3
2 Beds
1 Bath
$1,475
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