Last updated on August 15, 2026

Average rent in
Mount Prospect, IL

Median rent

Median rent in Mount Prospect

$1,829/mo

increased by8%

vs previous year

The average rent in Mount Prospect is $1,829 per month as of August 2026. This is 5% below the national average rent, or $96 less per month.

$1.92

average price per square foot

Total rentals

Available rentals in Mount Prospect

19

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Mount Prospect rentals at each price point

50%38%25%13%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Mount Prospect, IL

Average rent prices in Mount Prospect have decreased by 4% over the last month and have increased by 8% 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 $1,800, whereas a house costs $2,950. 1-bedroom apartments in Mount Prospect run $1,595 on average, while 2-bedroom apartments are $1,819.

Listings

Studio

$1,800

10%

-

1 bedroom

$1,594

1%

44%

2 bedroom

$1,787

2%

45%

3 bedroom

$2,975

5%

2%

4 bedroom

$2,850

6%

54%

Studio

Average rent

$1,800

Last 30 days

10%

1 bedroom

Average rent

$1,594

Last 30 days

1%

Last year

44%

2 bedroom

Average rent

$1,787

Last 30 days

2%

Last year

45%

3 bedroom

Average rent

$2,975

Last 30 days

5%

Last year

2%

4 bedroom

Average rent

$2,850

Last 30 days

6%

Last year

54%

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$1,829
decreased by5%

lower than the national median

Median rent price$2,075
increased by8%

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

Mount Prospect Greens - Photo 1 of 1

1d ago

8.8

Very good

Mount Prospect Greens

1958 W Algonquin Rd, Mount Prospect, IL 60056

1–3 beds

1 bath

$1,499–$2,793

Price drop

Apartment for rent

Available Aug 15

3h ago

8.3

Very good

1308 Hunt Club Drive

1308 S Hunt Club Dr, Mount Prospect, IL 60056

2 beds

1 bath

$1,750

Apartment for rent

701 W Central Rd #B4 - Photo 1 of 1
Age restricted

4d ago

Apartment for rent in Mount Prospect

701 W Central Rd #B4, Mount Prospect, IL 60056

2 beds

1 bath

$1,750

Apartment for rent

1110 N Wheeling Rd #2C - Photo 1 of 1

4d ago

Apartment for rent in Mount Prospect

2 beds

0 baths

$1,795

Apartment for rent

Available Aug 13

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 $1,829 per month as of August 15, 2026.

Is rent up or down in Mount Prospect?

Average rent prices in Mount Prospect have decreased by 4% over the last month and have increased by 8% since last year.

How does Mount Prospect rent compare to the national average?

Rent in Mount Prospect is 5% below the national average, which means renters are paying approximately $96 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 $73,000/year, based on spending no more than 30% of your income on rent.

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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