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Cheap Apartments for Rent in Mount Prospect IL - 503 Rentals

Mount Prospect, IL Cheap Apartments for Rent

Whether you're on a budget or just looking to save, there are plenty of ways to find cheap apartments and affordable rent in Mount Prospect. Start by defining your list of apartment “must-haves.” What features can you not live without? If you want to live within walking distance to your favorite downtown locations, you may find that apartment size and upscale amenities are not as important to you. On the other hand, if you value space, access to community amenities, or high-end appliances, you may be willing to move farther out from Mount Prospect hot spots where you can afford more apartment for less.

How to Find a Cheap Apartment in Mount Prospect, IL

Rent in the city center tends to be more expensive. Try looking for budget-friendly apartments in neighborhoods farther from downtown. These areas offer mid-range prices and can still be close enough to everything you need. Try looking for areas of Mount Prospect that might have more available rental units than others. In places with higher vacancy rates, landlords may be more likely to offer cheaper rent to fill the space.

When Are Apartments in Mount Prospect, IL Cheapest?

If you want to find cheap rent in Mount Prospect, timing can make a big difference. Apartments are usually cheaper during the off-season, typically December through March. During this time, fewer people are looking to move, so landlords are often more willing to offer lower rent to fill empty units. Another good time to search is at the end of the month when leases are up, and landlords want to fill vacancies quickly.

Cheap apartments in Mount Prospect tend to go fast. Keep an eye on timing, neighborhood options, and special deals to score the best rental price.


Mount Prospect, IL Rental Insights

Average Rent Rates

What is the average rent in Mount Prospect, IL?

The average rent in Mount Prospect is $1,622. When you rent an apartment in Mount Prospect, you can expect to pay as little as $1,620 or as much as $2,458, depending on the location and the size of the apartment.

What is the average rent of a Studio apartment in Mount Prospect, IL?

The average rent for a studio apartment in Mount Prospect, IL is $1,826 per month.

What is the average rent of a 1 bedroom apartment in Mount Prospect, IL?

The average rent for a one bedroom apartment in Mount Prospect, IL is $1,620 per month.

What is the average rent of a 2 bedroom apartment in Mount Prospect, IL?

The average rent for a two bedroom apartment in Mount Prospect, IL is $1,797 per month.

What is the average rent of a 3 bedroom apartment in Mount Prospect, IL?

The average rent for a three bedroom apartment in Mount Prospect, IL is $2,458 per month.

Transportation

How transit friendly is Mount Prospect, IL?

Transit options in Mount Prospect vary, but overall, it has a transit score of 27.

Education

What are the top Elementary schools in Mount Prospect, IL?

In Mount Prospect, you’ll find top-ranking elementary schools like Fairview Elementary School, Lions Park Elementary School, and Forest View Elementary School.

What are the top middle schools in Mount Prospect, IL?

Mount Prospect is home to some top-ranking middle schools, including Lincoln Middle School, River Trails Middle School, and Holmes Jr High School.

What is the top high school in Mount Prospect, IL?

Moving is tough for high school students! Look for Mount Prospect apartments near top-ranking high schools like Prospect High School.

What colleges and universities are in Mount Prospect, IL?

If you’re a student moving to an apartment in Mount Prospect, you’ll have access to Oakton C.C., Des Plaines, Roosevelt Univ., Schaumburg, and Harper College.

Helpful Rental Guides for Mount Prospect, IL

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