Last updated on July 1, 2026

Average rent in
Mount Prospect, IL

Median rent

Median rent in Mount Prospect

$1,999/mo

increased by28%

vs previous year

The average rent in Mount Prospect is $1,999 per month as of June 2026. This is 3% above the national average rent, or $49 more per month.

$1.95

average price per square foot

Total rentals

Available rentals in Mount Prospect

27

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Mount Prospect rentals at each price point

65%49%33%16%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Mount Prospect, IL

Average rent prices in Mount Prospect have increased by 3% over the last month and have increased by 28% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Mount Prospect, IL

Rent prices in Mount Prospect vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Mount Prospect is $1,829, whereas a house costs $3,100. 1-bedroom apartments in Mount Prospect run $1,575 on average, while 2-bedroom apartments are $1,829.

Listings

Studio

$1,800

1%

-

1 bedroom

$1,539

4%

31%

2 bedroom

$1,769

3%

46%

3 bedroom

$3,100

2%

8%

4 bedroom

$3,300

39%

51%

Studio

Average rent

$1,800

Last 30 days

1%

1 bedroom

Average rent

$1,539

Last 30 days

4%

Last year

31%

2 bedroom

Average rent

$1,769

Last 30 days

3%

Last year

46%

3 bedroom

Average rent

$3,100

Last 30 days

2%

Last year

8%

4 bedroom

Average rent

$3,300

Last 30 days

39%

Last year

51%

The table above reflects average rent prices in Mount Prospect, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Mount Prospect, IL compare to other cities?

Compare median rent prices in Mount Prospect and Arlington Heights by all bedroom counts and property types.

Mount Prospect

Median rent price$1,999
increased by3%

higher than the national median

Median rent price$2,089
increased by7%

higher than the national median

Takeaway

The median rent for all rentals in Mount Prospect, IL is 4% lower than the median rent in Arlington Heights, IL.

Discover rentals in Mount Prospect, IL

Mount Prospect Greens - Photo 1 of 1

4h ago

8.3

Very good

Mount Prospect Greens

1958 W Algonquin Rd, Mount Prospect, IL 60056

1–2 beds

1 bath

$1,549–$2,408

Price drop

Apartment for rent

Available Jun 30

1703 W Dennis Dr #3D - Photo 1 of 1

5d+ ago

Condo for rent in Mount Prospect

2 beds

1 bath

$1,595

Condo for rent

Available Jun 19

1703 W Mansard Ln #103 - Photo 1 of 1

5d+ ago

House for rent in Mount Prospect

SINGLE_FAMILY - Mount Prospect, IL

1703 W Mansard Ln #103, Mount Prospect, IL 60056

2 beds

1 bath

$1,650

House for rent

1522 N River West Ct #1A - Photo 1 of 1

5d+ ago

Condo for rent in Mount Prospect

2 beds

2 baths

$2,000

Condo for rent

Available Jul 1

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Mount Prospect, IL

Quick answers to common questions about the Mount Prospect rental market.

How much is rent in Mount Prospect?

The average rent in Mount Prospect is $1,999 per month as of June 27, 2026.

Is rent up or down in Mount Prospect?

Average rent prices in Mount Prospect have increased by 3% over the last month and have increased by 28% since last year.

How does Mount Prospect rent compare to the national average?

Rent in Mount Prospect is 3% above the national average, which means renters are paying approximately $49 more per month.

What salary do I need to afford rent in Mount Prospect?

To comfortably afford rent in Mount Prospect, you'd need to earn approximately $80,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Mount Prospect?

Mount Prospect offers good options for renters with pets, as 40% of listings welcome furry companions. With an average of 68 listings available monthly, pet owners have access to approximately 27 pet-friendly apartments to choose from.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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