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Highlights

  • Pet Friendly
  • Yoga studio
  • Swimming pool
  • Prime location
  • Fitness center
  • On-site laundry facilities
  • Business center

Location

1550 Dempster St, Mount Prospect, IL 60056, USA
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Contact

Management

Element Apartments LLC

Leasing office

(224) 877-7596

Property Overview

The Element receives an impressive overall Zumper rating of 8.5, reflecting its competitive pricing and excellent value for amenities, including a swimming pool, fitness center, and yoga studio. With a prime location near key points of interest and a strong trustworthiness rating of 8 out of 10, this property appeals to renters seeking transparency and quality. Additionally, it stands out for its pet-friendly outdoor spaces and extensive visual representation with 50 photos, enhancing the rental experience.

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, 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 Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Dishwasher
  • Images Available

Great for

  • Pet owners

Floor plans

1 Bed 1 Bath Cottonwood B Renovated1 bed1 bath700 sqft$1,495 /mo2 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 Remodel1 bed1 bath850 sqft$1,525 /mo4 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 Renovated1 bed1 bath850 sqft$1,575 /mo4 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 Remodel2 bed1 bath850 sqft$1,600 /mo2 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 Renovated2 bed1 bath850 sqft$1,675 /mo5 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 Renovated2 bed2 bath1,500 sqft$2,065 /mo3 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 Renovated3 bed1.5 bath1,800 sqft$2,475 /mo1 unit available

Let's explore this property.

Amenities for The Element

Apartment Amenities

Air ConditioningBalcony
Dining AreaLaminate Counter Tops
Laminate FlooringLinen Closet
Modern FixturesPrivate Balcony/Patio
Tub/Shower CombinationVinyl Plank Flooring
Walk-in ClosetWasher/Dryer Hookups
White CabinetsWindow Coverings

Appliances

Central A/CDishwasher
Gas RangeIn-Unit Laundry
MicrowaveRange
RefrigeratorWall A/C

Building

Cats OKDogs 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

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

Units509
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About The Element

HomeApartments in Mount Prospect 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 Good
With 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 Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The Element
Price·9A 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 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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·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·8A 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 level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

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 115 sqft larger than other listings nearby
More space
The 3-bedroom is 560 sqft larger than other listings nearby
More space
The 2-bedroom is 107 sqft larger than other 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 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 6% higher than 1-bedrooms in Mount Prospect.

If you decide to upgrade your space, you can expect 2-bedrooms at The Element to be 9% more than the average for similarly sized apartments in Mount Prospect.

3-bedroom apartments at The Element cost about 15% more than the average rent price for 3-bedroom apartments in Mount Prospect.

Median rents as of Dec 13 2025.
Mount Prospect
A table of studio rental data trends in Mount Prospect
MonthMedian Rent
November 2025$1,050
December 2025$1,050

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.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$61,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $61,000 annually to afford this 1-bedroom median monthly rent price of $1,525.
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 Dempster St

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 Dempster St, 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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