Zumper
modified
14 Hours Ago

Highlights

  • Large closet
  • Lawn/snow removal
  • Living room

Location

306 1/2 E Prospect Ter, Freeport, IL 61032, USA
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Contact

Management

Welcome Home NW Illinois

Leasing office

(844) 494-6592 ext. 2330

Property Overview

306 1/2 E Prospect Terrace offers strong overall value with an 8.5/10 expert rating, highlighted by a perfect price score and excellent amenities and location ratings, plus transparent listing details. Residents can enjoy a living room, large closet, included lawn and snow removal, proximity to highly rated schools, and a high value-per-square-foot ranking. The walkable, lively neighborhood with many nearby restaurants, along with utilities included and multiple internet options, makes it appealing for both social life and working from home.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, 306 1/2 E Prospect Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 306 1/2 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.

Things you’ll love

  • Elementary school nearby
  • More space
  • Middle school nearby

Great for

  • Social life
  • Work-from-home

Floor plans

306 1/2 E Prospect Terrace - 12 bed1 bath936 sqft$750 /moPictures prior to current tenant! Walk into this property through the front entry. Up the stairs you will find the unit door. Once inside to the left you will find the living room with large closet off. Then there is a bedroom off the living room. To the back of unit you will find the kitchen with eat in area. Then there is the full bathroom. In the bathroom you will find the door the the third level and 2nd bedroom area. Tenant is responsible for electric and lawn/snow removal in connection with lower tenant. (No gas)

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Amenities for 306 1/2 E Prospect Terrace

Apartment Amenities

Trash IncludedUtilities/Sewer
Water
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

Application Fee

Per-applicant. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units1
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About 306 1/2 E Prospect Terrace

HomeApartments in Freeport 306 1/2 E Prospect Terrace

Pictures prior to current tenant! Walk into this property through the front entry. Up the stairs you will find the unit door. Once inside to the left you will find the living room with large closet off. Then there is a bedroom off the living room. To the back of unit you will find the kitchen with eat in area. Then there is the full bathroom. In the bathroom you will find the door the the third level and 2nd bedroom area. Tenant is responsible for electric and lawn/snow removal in connection with lower tenant. (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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 306 1/2 E Prospect Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 306 1/2 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.
How we rated 306 1/2 E Prospect Terrace
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 1/2 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·9A 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.
306 1/2 E Prospect Terrace goes above and beyond to provide sought-after conveniences and desirable perks, including trash included. Renters looking for popular or luxurious features will find them here—and for that reason, 306 1/2 E Prospect Terrace receives one of the highest amenities scores.
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 1/2 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 1/2 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 1/2 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.

306 1/2 E Prospect Terrace is great for:

Social life

  • Areas nearby are accessible by walking
  • Diverse age groups live in this area
  • A bustling neighborhood
  • 32 restaurants within 1 mile of this property

Work-from-home

  • 2 internet service provider options nearby
  • Utilities included in the rent
  • 3 office supply stores within 1 mile
  • 1 coworking space or cafe within 1 mile

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 1/2 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 936 sqft larger than other listings nearby
Middle school nearby
There is a middle school 1 mile away
Images Available
There are at least 10 photos of this address

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Rent trends in Freeport

2-bedroom apartments at 306 1/2 E Prospect Terrace cost about 9% less than the average rent price for 2-bedroom apartments in Freeport.

Median rents as of May 30 2026.
Freeport
A table of studio rental data trends in Freeport
MonthMedian Rent
June 2024$575
July 2024$531
August 2024$415
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

Affordability calculator

Can I afford to live at 306 1/2 E Prospect Ter?

Bedrooms

2 bedrooms

Rent-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 1/2 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 1/2 E Prospect Terrace

Getting around Freeport near 306 1/2 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 1/2 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

Explore the area around 306 1/2 E Prospect Ter

Horizon Supermarket
1130 S Galena Ave
ALDI
726 W South St
Cub
1512 S West Ave
Walmart Supercenter
2545 IL Route 26 S
Sullivan's Foods
2002 W Galena Ave

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