Last updated on May 16, 2026

Average rent in
Mount Prospect, IL

Median rent

Median rent in Mount Prospect

$1,809/mo

decreased by7%

vs previous year

The average rent in Mount Prospect is $1,809 per month as of May 2026. This is 7% below the national average rent, or $140 less per month.

$1.96

average price per square foot

Total rentals

Available rentals in Mount Prospect

14

for rent on Zumper.com as of May 2026

Rent price distribution

Share of Mount Prospect rentals at each price point

45%34%23%11%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Mount Prospect, IL, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Mount Prospect, IL

Average rent prices in Mount Prospect have decreased by 3% over the last month and have decreased by 7% 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 $1,759, whereas a house costs $3,000. 1-bedroom apartments in Mount Prospect run $1,569 on average, while 2-bedroom apartments are $1,819.

Listings

Studio

$1,800

78%

-

1 bedroom

$1,800

5%

26%

2 bedroom

$1,919

5%

10%

3 bedroom

$3,100

1%

12%

4 bedroom

$3,195

22%

5%

Studio

Average rent

$1,800

Last 30 days

78%

1 bedroom

Average rent

$1,800

Last 30 days

5%

Last year

26%

2 bedroom

Average rent

$1,919

Last 30 days

5%

Last year

10%

3 bedroom

Average rent

$3,100

Last 30 days

1%

Last year

12%

4 bedroom

Average rent

$3,195

Last 30 days

22%

Last year

5%

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$1,809
decreased by7%

lower than the national median

Median rent price$2,050
increased by5%

higher than the national median

Takeaway

The median rent for all rentals in Mount Prospect, IL is 12% lower than the median rent in Arlington Heights, IL.

Discover rentals in Mount Prospect, IL

1910 W Hatherleigh Ct Apt 2e - Photo 1 of 1

5d+ ago

House for rent in Mount Prospect

House for rent

1703 W Dennis Dr #2B - Photo 1 of 1

2d ago

Condo for rent in Mount Prospect

2 beds

1 bath

$1,675

Condo for rent

Available May 20

710 W Huntington Commons Rd #2B - Photo 1 of 1

5d+ ago

Condo for rent in Mount Prospect

CONDOS - Mount Prospect, IL

710 W Huntington Commons Rd #2B, Mount Prospect, IL 60056

2 beds

1 bath

$1,875

$1,775

Price drop

Condo for rent

Stay up to date with rental market insights

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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 $1,809 per month as of May 9, 2026.

Is rent up or down in Mount Prospect?

Average rent prices in Mount Prospect have decreased by 3% over the last month and have decreased by 7% since last year.

How does Mount Prospect rent compare to the national average?

Rent in Mount Prospect is 7% below the national average, which means renters are paying approximately $140 less 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 $72,000/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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