56 Minutes Ago
Highlights
Pet Friendly
Location
1550 West Dempster Street, Mount Prospect, Illinois 60056, United States
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Floor plans
| 1 Bed 1 Bath Alpine | 1 bed | 1 bath | 850 sqft | $1,415 /mo | 2 units available | ||
| 1 Bed 1 Bath Alpine Renovated | 1 bed | 1 bath | 850 sqft | $1,575 /mo | 2 units available |
Let's explore this property.
Amenities for The Element
Apartment Amenities
| Air Conditioning | Balcony |
| Dining Area | Laminate Counter Tops |
| Laminate Flooring | Linen Closet |
| Oak Cabinets | Private Balcony/Patio |
| Tile Flooring | Tub/Shower Combination |
| White Cabinets | Window Coverings |
Appliances
| Dishwasher | Gas Range |
| Microwave | Range |
| Refrigerator | Wall A/C |
Building
| Cats OK | Dogs OK |
Other
| Tile Bathtub Surround |
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
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 509 |
|---|
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About The Element
The Element offers spacious one-, two-, and three-bedroom apartment homes in a prime Mount Prospect location near major employers, retail, and everyday conveniences. Each home features generous floor plans with classic layouts, townhome-style options, and plenty of room to relax and unwind. Residents can enjoy a full collection of community amenities, including a fitness center, swimming pool, yoga studio, business center, game room, and on-site laundry facilities. With quick access to I-90, I-290, O’Hare International Airport, the Mount Prospect Metra Station, and the Elk Grove Village Business Park, The Element connects you to some of the strongest employment hubs in the northwest suburbs. Discover comfortable living in a highly accessible location. Contact our leasing team today for availability and to schedule your tour!
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Rent trends in Mount Prospect
1-bedroom apartments here are priced 0% lower than 1-bedrooms in Mount Prospect.
Median rents as of Nov 29 2025.
Mount Prospect
| Month | Median Rent |
|---|---|
| November 2025 | $1,050 |
Affordability calculator
Can I afford to live at 1550 West Dempster Street?
Bedrooms
1 bedroomRent-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
$59,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $59,800 annually to afford this 1-bedroom median monthly rent price of $1,495.
For more information on rent affordability, visit our rent calculator.
Schools near The Element
Robert Frost Elementary School
1308 s cypress dr
mount prospect, IL, 60056
K-5Public
B-
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Internet available near The Element
Getting around Mount Prospect near 1550 West Dempster Street
Walking
6/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 1550 West Dempster Street, Mount Prospect
Groceries
8/10
The nearest general grocery store is within a 10-minute walk, and there are also some specialist food stores nearby.
Shopping
4/10
Some fashion stores are within walking distance.
Cafes
2/10
The closest café is within a 20-minute walk, and there are a few other cafés within walking distance.
Restaurants
6/10
Several restaurants are within a short walk.
Primary schools
7/10
The closest elementary school is within a 10-to-15-minute walk.
High schools
2/10
The closest high school is within a 20-to-30-minute walk.
Parks
8/10
A medium-size park and some other smaller parks in the area.
Nightlife
4/10
The closest bar is within a 10-minute walk, and there are a few other bars within walking distance.
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