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The Element receives a strong overall expert rating of 8.5 out of 10, highlighting its competitive pricing and exceptional amenities, which include a yoga studio, swimming pool, and fitness center. With a prime location and high transparency in its offerings, it ranks favorably in value for money and value per square foot within the area. Notably, it emphasizes pet friendliness with available outdoor spaces, catering to diverse tenant needs.
Things you’ll love
More spaceLess expensiveDishwasherGreat for
Pet owners| 1 Bed 1 Bath Cottonwood B Remodel | 1 bed | 1 bath | 700 sqft | $1,400 /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 A Renovated | 1 bed | 1 bath | 650 sqft | $1,425 /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 | $1,450 /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 Alpine Remodel | 1 bed | 1 bath | 850 sqft | $1,525 /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. | |
| 1 Bed 1 Bath Alpine Renovated | 1 bed | 1 bath | 850 sqft | $1,575 /mo | 7 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 Remodel | 2 bed | 1 bath | 850 sqft | $1,600 /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 1 Bath Cottonwood Renovated | 2 bed | 1 bath | 850 sqft | $1,650 /mo | 6 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 2 Bath Alpine Renovated | 2 bed | 2 bath | 1,500 sqft | $2,075 /mo | 7 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 2 Bath Alpine Remodel | 3 bed | 2 bath | 1,500 sqft | $2,400 /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 $125 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 | $2,475 /mo | 2 units available |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Balcony |
| Dining Area | Laminate Counter Tops |
| Laminate Flooring | 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 |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 509 |
|---|
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!
How The Element compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 3% lower than 1-bedrooms in Mount Prospect.
If you decide to upgrade your space, you can expect 2-bedrooms at The Element to be 8% more than the average for similarly sized apartments in Mount Prospect.
3-bedroom apartments at The Element cost about 7% less than the average rent price for 3-bedroom apartments in Mount Prospect.
| Month | Median Rent |
|---|---|
| November 2025 | $1,050 |
| December 2025 | $1,050 |
Can I afford to live at 1550 Dempster St?
Bedrooms
Rent-to-income ratio
30%
$58,000/yr
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