53 Minutes Ago
Highlights
Pet Friendly
Location
1550 West Dempster Street, Mount Prospect, Illinois 60056, United States
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Property Overview
The Element has received a favorable Zumper Expert Rating, indicating a strong overall appeal. Key pros include its convenient location and modern amenities, making it an attractive choice for individuals seeking a vibrant living environment. Notable features such as spacious layouts and community facilities further enhance its desirability.
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.
Things you’ll love
Images Available- Outdoor space
Great for
Pet owners
Floor plans
| 1 Bed 1 Bath Alpine | 1 bed | 1 bath | 850 sqft | $1,415 /mo | 2 units available | ||
| 1 Bed 1 Bath Cottonwood A Renovated | 1 bed | 1 bath | 650 sqft | $1,445 /mo | 1 unit available | ||
| 1 Bed 1 Bath Cottonwood B Renovated | 1 bed | 1 bath | 700 sqft | $1,495 /mo | 2 units available | ||
| 1 Bed 1 Bath Alpine Remodel | 1 bed | 1 bath | 850 sqft | $1,525 /mo | 3 units available | ||
| 1 Bed 1 Bath Alpine Renovated | 1 bed | 1 bath | 850 sqft | $1,575 /mo | 6 units available | ||
| 2 Bed 1 Bath Cottonwood Remodel | 2 bed | 1 bath | 850 sqft | $1,600 /mo | 2 units available | ||
| 2 Bed 1 Bath Cottonwood Renovated | 2 bed | 1 bath | 850 sqft | $1,675 /mo | 6 units available | ||
| 2 Bed 2 Bath Alpine Renovated | 2 bed | 2 bath | 1,500 sqft | $2,065 /mo | 3 units available | ||
| 3 Bed 1.5 Bath Townhouse Renovated | 3 bed | 1.5 bath | 1,800 sqft | $2,475 /mo | 1 unit available |
Let's explore this property.
Amenities for The Element
Building
| Cats OK | Dogs OK |
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!
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 GoodWith a solid 8.5 out of 10 overall, The Element is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Element 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.
The Element 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.
The Element goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, The Element 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.
The Element 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 The Element 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.
The Element 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.
The Element is great 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 The Element compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Mount Prospect
1-bedroom apartments here are priced 1% lower than 1-bedrooms in Mount Prospect.
If you decide to upgrade your space, you can expect 2-bedrooms at The Element to be 10% more than the average for similarly sized apartments in Mount Prospect.
3-bedroom apartments at The Element cost about 21% more than the average rent price for 3-bedroom apartments 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
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
$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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