Average rent in Mount Prospect, Chicago
The median asking rent in Mount Prospect is $1,694 a month and the average is $1,750, based on 79 apartments available in 3 buildings as of September 21, 2026. By size, the median is $1,514 for a 1 bedroom, $1,844 for a 2 bedroom, $2,303 for a 3 bedroom.
That is 38% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Mount Prospect rent by apartment size
| Size | Median | Average | Range | Avg sq ft | Available |
|---|---|---|---|---|---|
| 1 bedroom | $1,514 | $1,550 | $1,378–$2,225 | 657 | 44 |
| 2 bedroom | $1,844 | $1,912 | $1,564–$3,155 | 888 | 30 |
| 3 bedroom | $2,303 | $2,541 | $2,169–$3,665 | 1,124 | 5 |
| All sizes | $1,694 | $1,750 | 79 |
Asking rent is the listed monthly price before any move-in special. Only apartments available right now are counted. See how we measure rent.
How Mount Prospect compares
| Neighborhood | Median | Studio | 1 bedroom | 2 bedroom |
|---|---|---|---|---|
| Mount Prospect | $1,694 | n/a | $1,514 | $1,844 |
| West Loop | $2,813 | $2,360 | $2,889 | $4,116 |
| River North | $3,070 | $2,577 | $2,994 | $4,413 |
| South Loop | $2,856 | $2,378 | $2,755 | $3,495 |
| Streeterville | $3,206 | $2,654 | $3,079 | $4,502 |
| Gold Coast | $2,584 | $2,089 | $2,624 | $4,418 |
| Fulton Market | $3,271 | $2,476 | $3,177 | $4,407 |
| The Loop | $2,873 | $2,415 | $3,006 | $4,317 |
| Old Town | $3,129 | $2,605 | $3,084 | $4,354 |
| Uptown | $2,195 | $1,750 | $2,385 | $3,593 |
| Lakeshore East | $3,101 | $2,499 | $3,111 | $4,450 |
Frequently asked
What is the average rent in Mount Prospect?
The median asking rent in Mount Prospect is $1,694 a month and the average is $1,750, based on 79 apartments available in 3 buildings as of September 21, 2026. By size, the median is $1,514 for a 1 bedroom, $1,844 for a 2 bedroom, $2,303 for a 3 bedroom.
How much is a 1 bedroom apartment in Mount Prospect?
The median asking rent for a 1 bedroom in Mount Prospect is $1,514 a month, ranging from $1,378 to $2,225 across 44 available units, with an average size of 657 square feet.
How much is a 2 bedroom apartment in Mount Prospect?
The median asking rent for a 2 bedroom in Mount Prospect is $1,844 a month, ranging from $1,564 to $3,155 across 30 available units, with an average size of 888 square feet.
How much is a 3 bedroom apartment in Mount Prospect?
The median asking rent for a 3 bedroom in Mount Prospect is $2,303 a month, ranging from $2,169 to $3,665 across 5 available units, with an average size of 1,124 square feet.
Is Mount Prospect more expensive than the rest of Chicago?
The median asking rent in Mount Prospect is $1,694. That is 38% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Where do these numbers come from?
Precise Rent reads each building's own published pricing and availability every morning and afternoon. These figures count only apartments that are available right now, at the listed monthly price before any move-in special.