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cheap apartments
Last updated February 28 2024 at 5:46 AM

Mount Prospect, IL
88 Cheap Apartments for Rent

Finding cheap apartments in Mount Prospect takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statem... Read Guide >
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Frequently Asked Questions

Frequently Asked Questions (FAQs)

What is the typical rent for a studio apartment in Mount Prospect?

The average rent for a studio apartment in Mount Prospect is $1,095.

How expensive are one-bedroom apartments in Mount Prospect?

The average rent for a one-bedroom apartment rental in Mount Prospect is $1,537.

How much is rent for two-bedroom apartments in Mount Prospect?

The average monthly rent for a two-bedroom apartment in Mount Prospect is $1,877.
City Guide for Mount Prospect, IL

American Idol Season 9 winner, Lee DeWyze, was inspired to sing while attending Prospect High School. Not impressed? Well, Simon Cowell was, at least.

With a population of just over 53,000, Mount Prospect is home to a community of diverse cultures. Today, that city is renowned for its combination of many nationalities, award-winning educational institutions, churches, thriving firms, shopping centers, and highly rated fire and police departments -- all this in one package that is Mount Prospect. Like most towns in the United States, most people in Mount Prospect use private vehicles to get to work and around the city. However, there is also the option of using public transit to commute to work -- primarily by riding the train. Mount Prospect's real estate is essentially made up of medium sized (3-4 bedroom) to large (5+ bedroom) single family homes and apartment complexes. Rents here are currently lower in price than 77.9% of Illinois neighborhoods. The amazingly low vacancy rate is testimony enough that owning property or living in a house for rent in Mount Prospect is an amazing experience. With a low crime rate, good schools and college-educated neighbors who encourage others by their own achievements, homes here are in high demand.

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What to keep in mind when looking for cheap apartments in Mount Prospect, IL

Finding cheap apartments in Mount Prospect takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letters of recommendations from landlords or employers, and identification. The more proactive you are about your search, the easier it will be to score a deal.

Look for cheap apartments in Mount Prospect by regularly scouring listings and looking during slower renting seasons, like winter. You can still find a deal if you move during the summer months when apartment hunting is more competitive.

You may be able to find cheap apartments in Mount Prospect in neighborhoods that are located away from attractions, restaurants, and entertainment. You may need to look farther out than you would prefer, but access to highways or public transportation can get you into the heart of Mount Prospect.

The building you choose can also make a difference in finding a cheap apartment in Mount Prospect. Older buildings that need some updating are more likely to have better deals. Walk-up apartments without elevators, on-street parking and few amenities like on-site fitness centers can also signal affordable rents in Mount Prospect.