The Element
1550 W Dempster St,
Mount Prospect, IL 60056
$1,406 - $3,964 | 1-3 Beds
Mount Prospect
Mount Prospect, IL
Area Guide
Fun-filled Chicago suburb with ample appeal
Commuter
•
Charming
•
Suburban
•
Wooded
•
Family-Friendly
•
Mount Prospect is a small Chicago suburb overflowing with appeal. The town is a nationally-acclaimed community recognized for high performing schools, great housing, and superb public services. The fire department has won numerous awards while the police department has international accreditation. The calendar is jam-packed with events through the year in this family-oriented community. Enjoy a mini Ferris wheel, bounce houses, local food, live entertainment, and more at the Downtown Block Party, an annual two-day event. Taste flavors from across the globe while admiring cultural dance troupes at the Celebration of Cultures held each year.
When Mount Prospect residents aren’t having a great time at special events, you can find them in one of the four park districts in town. Combined, these park facilities feature a mini golf course, skating rinks, playgrounds, an outdoor wave pool, and more. The suburb also has great options for shopping and dining. Head downtown to buy from specialty shops and family-owned eateries. Go to Randhurst Village for department store shopping, chain restaurants, and a movie theater.
Mount Prospect is a prime location for commuters. The suburb is just a few miles away from O’Hare International Airport and Chicago Executive Airport. Daily travelers have access to two Interstate highways and two commuter rail systems. Downtown Chicago is only a 40-minute drive or 30-minute train ride away. Mount Prospect serves up loads of small-town charm on its own but the great location certainly adds even more allure.
Rent Trends
As of December 2024, the average apartment rent in Mount Prospect, IL is $1,849 for a studio, $1,607 for one bedroom, $1,822 for two bedrooms, and $2,417 for three bedrooms. Apartment rent in Mount Prospect has increased by 5.2% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,607/month
693 Sq Ft
Condo
$2,152/month
1,001 Sq Ft
Transportation
67
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
27
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
62
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Schools
Public
Grades 2-5
489 Students
8
Public
Grades 2-5
454 Students
8
Public
Grades K-5
299 Students
8
Indian Grove Elementary School
Public
Grades 1-5
459 Students
7
Robert Frost Elementary School
Public
Grades K-5
342 Students
5
Public
Grades 6-8
780 Students
9
Public
Grades 6-8
498 Students
6
Public
Grades 6-8
454 Students
6
Public
Grades 9-12
2,263 Students
9
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Dam No. 2 Woods
- Big Bend Lake
- Community Park West
- River Trail Nature Center
- The Grove
Military Bases
Airports
- Chicago O'Hare International
- Chicago Midway International
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