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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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Finding condos for rent in Mount Prospect is almost no different than renting an apartment in a big complex. The real difference is the ownership. Condos are owned by individuals within the same building. However, apartments in a large complex are owned by a single landlord or property management group.
Sometimes the price of condos in Mount Prospect may prove cheaper. The owners are often moving onto a new home or leaving the city and just need someone to cover the costs. Apartment complexes are designed to deal with tenant issues, make repairs, and care for the property. Condo owners will still deal with repairs and upkeep but may need more time to address a problem, especially if they don’t live nearby. However, condo owners have a more vested interest in the property and keeping their tenants happy to reduce turnover.
Choose the best condos for rent in Mount Prospect that meet your wishlist for budget, amenities, and layout. You probably won’t notice the difference between the condos and apartments you tour.