Updated 5+ Days Ago
Highlights
- Small covered porch
- Lawn/snow removal
- Kitchen with eat in area
- Living room
Location
306 E Prospect Ter, Freeport, IL 61032, USA
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Property Overview
306 E Prospect Terrace offers a strong overall value with an 8.3 expert rating, supported by a perfect price score, solid amenities, and an excellent location rating. Notable features include a small covered porch, lawn and snow removal, an eat-in kitchen, and a living room, while nearby top-rated elementary school access and high value per square foot add to its appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- More space
Floor plans
| 306 E Prospect Terrace - 1 | 2 bed | 1 bath | 1,110 sqft | $750 /mo | WATER INCLUDED IN THE RENT!!! Walk into the property through the front entry. Then into the unit's living room. Off the living room to the front you will find the first bedroom with small closet. Also off the living room you will find the second bedroom with bathroom off. Bathroom has a shower only. To the back of the unit you will find the kitchen with eat in area along with washer and dryer hook ups. There is a back door to a small covered porch and the back yard. Tenant is responsible for electric, lawn/snow removal and owner pays water. (No gas) |
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Policies and fees
Applicants
Application Fee
Per-applicant. Agent application fee.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 306 E Prospect Terrace
WATER INCLUDED IN THE RENT!!! Walk into the property through the front entry. Then into the unit's living room. Off the living room to the front you will find the first bedroom with small closet. Also off the living room you will find the second bedroom with bathroom off. Bathroom has a shower only. To the back of the unit you will find the kitchen with eat in area along with washer and dryer hook ups. There is a back door to a small covered porch and the back yard. Tenant is responsible for electric, lawn/snow removal and owner pays water. (No gas)
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 306 E Prospect Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 306 E Prospect Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
306 E Prospect Terrace offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 306 E Prospect Terrace is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
306 E Prospect Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 306 E Prospect Terrace does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
306 E Prospect Terrace provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 306 E Prospect Terrace compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
- More space
- The 2-bedroom is 1110 sqft larger than other listings nearby
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Freeport
2-bedroom apartments at 306 E Prospect Terrace cost about 6% less than the average rent price for 2-bedroom apartments in Freeport.
Median rents as of Sep 5 2026.
Freeport
| Month | Median Rent |
|---|---|
| September 2024 | $400 |
| October 2024 | $400 |
| November 2024 | $400 |
| December 2024 | $400 |
| January 2025 | $400 |
| February 2025 | $400 |
| March 2025 | $400 |
| April 2025 | $462 |
| May 2025 | $560 |
| June 2025 | $643 |
| July 2025 | $600 |
| August 2025 | $600 |
| September 2025 | $600 |
| October 2025 | $582 |
| November 2025 | $595 |
| December 2025 | $550 |
| January 2026 | $537 |
| February 2026 | $500 |
| March 2026 | $500 |
| April 2026 | $652 |
| May 2026 | $649 |
| June 2026 | $647 |
| July 2026 | $684 |
| August 2026 | $646 |
| September 2026 | $645 |
Affordability calculator
Can I afford to live at 306 E Prospect Ter?
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
$30,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this 2-bedrooms monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.
Schools near 306 E Prospect Terrace
Center Elementary School
718 e illinois st
freeport, IL, 61032
PK, K-4Public
B
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Internet available near 306 E Prospect Terrace
Getting around Freeport near 306 E Prospect Ter
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 306 E Prospect Ter, Freeport
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
4/10
Some shops within walking distance
Cafes
4/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
3/10
Few or no bars within walking distance
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