The Element earns an exceptional Zumper Expert Rating of 9.9, with top scores for price, amenities, location, and quality, plus strong trustworthiness. It stands out for its competitive value, 38 photos, and high value per square foot, while notable features like a yoga studio, swimming pool, fitness center, business center, on-site laundry, and prime location make it a strong option for renters, including those seeking pet-friendly outdoor spaces.
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
9.9
Excellent
With an impressive overall rating of 9.9 out of 10, The Element is one of the top properties in this neighborhood. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.
Things you’ll love
More space
Less expensive
Dishwasher
Great for
Pet owners
Floor plans
1 Bed 1 Bath Cottonwood B Select LTD
1 bed
1 bath
700 sqft
$1,395 /mo
4 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $90 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
1 Bed 1 Bath Cottonwood A Renovated
1 bed
1 bath
650 sqft
$1,410 /mo
2 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $90 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
1 Bed 1 Bath Cottonwood B Select
1 bed
1 bath
700 sqft
$1,425 /mo
4 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $90 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
1 Bed 1 Bath Cottonwood A Select
1 bed
1 bath
650 sqft
$1,435 /mo
2 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $90 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
1 Bed 1 Bath Cottonwood B Renovated
1 bed
1 bath
700 sqft
$1,440 /mo
1 unit available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $90 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
1 Bed 1 Bath Cottonwood B Remodel
1 bed
1 bath
700 sqft
$1,440 /mo
2 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $90 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
1 Bed 1 Bath Alpine Remodel
1 bed
1 bath
850 sqft
$1,535 /mo
5 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $100 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
1 Bed 1 Bath Alpine Select
1 bed
1 bath
850 sqft
$1,595 /mo
4 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $100 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
2 Bed 1 Bath Cottonwood Select
2 bed
1 bath
850 sqft
$1,570 /mo
4 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $110 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
2 Bed 1 Bath Cottonwood Remodel
2 bed
1 bath
850 sqft
$1,595 /mo
1 unit available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $110 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
2 Bed 2 Bath Alpine Select
2 bed
2 bath
1,500 sqft
$2,010 /mo
3 units available
*Price shown is Base Rent - additional non-optional fees not included.
Utilities are not included in base rent. A required monthly facility fee of $120 applies and is billed separately. The facility fee covers water, sewer, common area electric, trash removal, and pest control services.
Photos are for illustrative purposes only. Actual unit features, finishes, and layouts may vary and are subject to change without notice.
3 Bed 1.5 Bath Townhouse Renovated
3 bed
1.5 bath
1,800 sqft
$2,500 /mo
1 unit available
Let's explore this property.
Amenities for The Element
Apartment Amenities
Air Conditioning
Balcony
Dining Area
Dishwasher (select units)
Laminate Counter Tops
Laminate Flooring
Linen Closet
Modern Fixtures
Private Balcony/Patio
Tub/Shower Combination
Vinyl Plank Flooring
Walk-in Closet
Washer/Dryer Hookups
White Cabinets
Window Coverings
Appliances
Central A/C
Dishwasher
Gas Range
In-Unit Laundry
Microwave
Range
Refrigerator
Wall A/C
Building
Cats OK
Dogs OK
Grounds
Storage
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
Application Fee
Per-applicant. Agent application fee.
Contact Property
REQUIRED FEES
Administration Fee
One-time.
$250
Security Deposit
One-time. Refundable.
Contact Property
OPTIONAL FEES
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Cat
Pet Terms
1 cat max.
Dog
Pet Terms
1 dog max.
Questions about this property’s policies and fees?
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.
9.9
/10
Excellent
With an impressive overall rating of 9.9 out of 10, The Element is one of the top properties in this neighborhood. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.
How we rated The Element
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·10A 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 stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Element offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
The Element has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at The Element.
Trustworthiness·9A 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 has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.
The Element is great for:
Pet owners
Outdoor spaces are available at this property
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
More space
The 1-bedroom is 79 sqft larger than other listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors
Walk-in closet
More closet space on average
Considerations
Greater distance from middle schools
The nearest middle school is farther than 1 mile away
Greater distance from high schools
The nearest high school is farther than 1 mile away
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Mount Prospect
1-bedroom apartments here are priced 37% lower than 1-bedrooms in Mount Prospect.
If you decide to upgrade your space, you can expect 2-bedrooms at The Element to be 4% less than the average for similarly sized apartments in Mount Prospect.
3-bedroom apartments at The Element cost about 15% less than the average rent price for 3-bedroom apartments in Mount Prospect.
Median rents as of Aug 1 2026.
Mount Prospect
A table of studio rental data trends in Mount Prospect
Month
Median Rent
November 2025
$1,050
December 2025
$1,050
June 2026
$2,075
July 2026
$2,075
August 2026
$1,800
Affordability calculator
Can I afford to live at 1550 Dempster St?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.