Last updated November 2 2025 at 2:59 PM
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The Element
Property highlights
Nestled in Mount Prospect's sought-after Golden Corridor, The Element is not just a place to live but a lifestyle destination. The property is renowned for its spacious, well-appointed apartments that harmonize modern appliances with generous storage. This top-viewed, favorited, and toured community boasts exceptional facilities, including a pool, 24-hour gym, and game room, pivotal in elevating resident satisfaction. Local insights note its strategic location provides seamless access to numerous schools, parks, and public transport, ideal for effortless everyday living. Friendly office staff round out the experience, creating a welcoming environment where residents feel valued and at home.
- 16 units available
- 1 Bed • 2 Beds • 3+ Beds
- Location
- 1550 Dempster Street, Mount Prospect IL 60056, Golden Corridor
- Amenities
- W/D hookup, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Walk in closets + more
- Price range
- $1,480 - $2,937 per month
- Commute
Price and Availability
The Element apartments start at $1,480/month. There are 16 available apartments priced from $1,480 to $2,937. Prices were last verified by The Element 6 minutes ago.
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Unit M03D
Avail. now
$1,480
$1,477
Unit M02B
Avail. Nov 7
$1,520
$1,516
Unit M12C
Avail. now
$1,520
$1,517
Unit M13B
Avail. Jan 9
$1,532
$1,529
Unit 206
Avail. now
$1,570
$1,593
Unit 207
Avail. now
$1,570
$1,593
Unit 311
Avail. Nov 7
$1,570
$1,572
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air conditioning
dishwasher
extra storage
patio / balcony
w/d hookup
furnished
ceiling fan
walk in closets
Property Amenities
business center
24hr gym
on-site laundry
pool
cats allowed
dogs allowed
elevator
pet friendly
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online portal
Love Where You Live - Guaranteed.
At The Element, your satisfaction is our priority. That's why we offer the Monument Love It or Leave It Guarantee, powered by ReLease-giving you built-in flexibility and peace of mind with your lease.
Welcome home to The Element in Mount Prospect, IL.
We've designed our apartment community to reflect what matters most-making home truly feel like home. From beautifully landscaped grounds to lifestyle-focused amenities, The Element offers a seamless blend of comfort, convenience, and connection.
Our prime location right off I-90 puts you close to everything while giving you a peaceful retreat at the end of the day.
Choose from a wide variety of one, two, and three bedroom apartment homes and townhomes-each with spacious layouts that give you the freedom to create your perfect space.
Visit us today and discover why The Element is the perfect place to call home.
At The Element, your satisfaction is our priority. That's why we offer the Monument Love It or Leave It Guarantee, powered by ReLease-giving you built-in flexibility and peace of mind with your lease.
Welcome home to The Element in Mount Prospect, IL.
We've designed our apartment community to reflect what matters most-making home truly feel like home. From beautifully landscaped grounds to lifestyle-focused amenities, The Element offers a seamless blend of comfort, convenience, and connection.
Our prime location right off I-90 puts you close to everything while giving you a peaceful retreat at the end of the day.
Choose from a wide variety of one, two, and three bedroom apartment homes and townhomes-each with spacious layouts that give you the freedom to create your perfect space.
Visit us today and discover why The Element is the perfect place to call home.
Verified reviews
Property Details (Fees & Lease)
Please note leases shorter than 12 months often have extra fees.
Must have 3x the rent in total household income (before taxes)
$500 or $1500 Ask about our security deposit alternative program to help save additional money at move in.
Renter's Insurance Required. $6 Pest Control fee per month.
Pets allowed
Cats, dogs
rent
$25 pet rent per pet
limit
2 allowed per household
fee
$300 per pet (non refundable)
restrictions
Pets are welcome! The community uses petscreening.com for all animal screening prior to move in and at renewal. Breed restrictions: No Pit Bulls, Staffordshire Terriers, Rottweilers, Presa Canarios, Chows, Doberman Pinschers, and Akita.
Furnished apartments often have extra fees beyond the rent listed. Please contact for more information.
Explore the Area
Montrose Market
0.7 mi
KD Market- Krystyna's Deli
1.0 mi
Jewel-Osco
1.0 mi
Fiesta Market
1.1 mi
Mitsuwa Marketplace
1.2 mi
Culver's
0.1 mi
Jameson's Charhouse
0.1 mi
Moretti's Ristorante & Pizza
0.2 mi
Dunkin'
0.7 mi
Mr. Kimchi
0.7 mi
Algonquin & Dempster
0.2 mi
1311 W Algonquin Rd
0.5 mi
Algonquin & Linneman
0.6 mi
Golf & Busse
0.8 mi
Golf & Busse
0.8 mi
O'Hare International Airport
4.8 mi
Chicago Executive Airport
6.3 mi
Schaumburg Regional Airport
8.0 mi
Turner Seaplane Base
17.0 mi
DuPage County Airport
17.5 mi
6 /10
Robert Frost Elementary School
PublicK-5
352 Students
0.4 mi
4 /10
John Jay Elementary School
PublicK-5
347 Students
0.5 mi
4 /10
Holmes Jr High School
Public6-8
818 Students
1.1 mi
6 /10
Forest View Elementary School
PublicK-5
422 Students
1.2 mi
7 /10
Friendship Jr High School
Public6-8
674 Students
1.4 mi
Data provided by GreatSchools. Ratings are based on test scores and additional metrics when available.
Frost Park
0.4 mi
Kopp Park
0.6 mi
Kopp Park
0.7 mi
Tamarack Park
0.8 mi
Clearwater Park
0.9 mi
Anytime Fitness
1.0 mi
Planet Fitness
1.2 mi
Busse Forest-South Grove 8
1.9 mi
Busse Forest-South Grove 7
2.0 mi
Big Surf Wave Pool
2.0 mi
Arlington Heights Animal Hospital
1.6 mi
Des Plaines Veterenaty Hospital
2.8 mi
Petco
2.9 mi
Happy Dog Grooming Spa
3.6 mi
PetSmart
3.7 mi
Getting Around
Walk & Transit Scores
Walk Score: 69 — Somewhat Walkable, some daily errands possible without a car.Transit Score: 31 — Limited public transit service in the area.Public Transit Access
The Golden Corridor area benefits from access to public transit options, such as 2 nearby routes: 2 bus, 0 rail, 0 otherNearby public transit stops include:
- Algonquin & Dempster (~0.2 mi)
- 1311 W Algonquin Rd (~0.49 mi)
- Algonquin & Linneman (~0.58 mi)
- Golf & Busse (~0.76 mi)
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Counties
Frequently Asked Questions (FAQs)
The Element has 16 available apartments with prices starting at $1,480. Check out the Price and Availability section for the most up-to-date unit information.
In Mount Prospect, IL, the average rent is $2,068 for a studio, $1,893 for a 1-bedroom, $1,974 for a 2-bedroom, and $2,937 for a 3-bedroom.
The Element is located in the Golden Corridor neighborhood area of Mount Prospect, IL.
No, The Element is not currently offering any move-in specials for new residents.
If you decide to rent an apartment at The Element, you can expect to pay the following fees:
- Application Fee: $60 per applicant
- Move-in Fee: $250 Admin Fee
- Security Deposit: $500 or $1500 Ask about our security deposit alternative program to help save additional money at move in.
- Additional Fees: Renter's Insurance Required. $6 Pest Control fee per month.
If you have a pet, you can also expect to pay the following fees:
- One-time Pet Fee: $300 per pet (non refundable)
- Monthly Pet Rent: $25 pet rent per pet
No, utility fees are not included in the rent at property.
The minimum lease length at The Element is 3-15 Month Leases. Please note that leases shorter than 12 months often have extra fees.
The income requirement at The Element is 3x the rent in total household income (before taxes). Typical income verification documents include pay stubs, bank statements, or W-2/1099 tax forms.
Yes, The Element offers some furnished apartments. To inquire about furnished apartments, please contact (847) 232-8776. Furnished apartments often have extra fees beyond the rent listed.
The Element is pet-friendly and allows the following pets: cats, dogs. The maximum number of pets per apartment is 2 allowed per household. You can expect to pay the following pet fees at The Element:
- One-time Pet Fee: $300 per pet (non refundable)
- Monthly Pet Rent: $25 pet rent per pet
Restrictions: Pets are welcome! The community uses petscreening.com for all animal screening prior to move in and at renewal. Breed restrictions: No Pit Bulls, Staffordshire Terriers, Rottweilers, Presa Canarios, Chows, Doberman Pinschers, and Akita.
Some of The Element's amenities include w/d hookup, patio / balcony, and dishwasher. To see the other amenities this property offers, check out the Amenities section.
The nearest grocery store to The Element is Montrose Market, located about 0.71 away. Other nearby options include KD Market- Krystyna's Deli, Jewel-Osco, Fiesta Market, and Mitsuwa Marketplace.
Nearby schools to The Element include Robert Frost Elementary School, John Jay Elementary School, Holmes Jr High School, Forest View Elementary School, and Friendship Jr High School. The nearest school is Robert Frost Elementary School, located about 0.4 miles away.
No, The Element does not offer resident parking.
Yes, in unit laundry is available in the apartments at The Element.
Yes, The Element offers a pool for residents.
No, The Element does not offer accessible apartments.
Yes, The Element offers apartments with dishwashers included.
Yes, residents at The Element have access to nearby public transit. The Algonquin & Dempster stop is about 0.2 miles away.