Rental market snapshot for Mount Prospect, Illinois

Mount Prospect, Illinois Rental Property Market Overview

The average rent for an apartment in Mount Prospect is $1,574. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -4.2% over the past year.

Mount Prospect is a village in Cook County, Illinois, United States. The population was 54,167 at the 2010 census. Mount Prospect is located at 42°4′14″N 87°56′52″W.

Last Updated December 23, 2022

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Average monthly rent graph in Mount Prospect Illinois | Cost of Living

  • The most expensive ZIP Code in Mount Prospect is 60056 with an average price of $2,025
  • The cheapest ZIP Code in Mount Prospect is 60056 with an average price of $1,459

Mount Prospect ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
160056$2,025

Live near Mount Prospect, Illinois's Top Sights and Attractions

Lions Memorial Park is a beautiful park located in Mount Prospect, Illinois. The park features a variety of amenities including a playground, a picnic area, a walking path, and a pond. The park is also home to a variety of wildlife, including ducks, geese, and turtles.

Melas Park is a beautiful park located in Mount Prospect, Illinois. The park features a playground, a basketball court, a picnic shelter, and a walking path. The park is also home to a variety of trees and plants, making it a great place to take a stroll and enjoy the scenery.

Burning Bush Trails Park is a nature preserve with over five miles of trails for hiking, biking, and cross-country skiing. The park also has a playground, picnic grove, and a pond for fishing.

Moehling Park is a beautiful park located in Mount Prospect, Illinois. The park features a playground, a basketball court, a picnic area, and a walking path.

The Robert T Jackson Clearwater Park is a beautiful park located in Mount Prospect, Illinois. The park features a large pond, walking trails, and a playground. The pond is a great place to relax and enjoy the scenery, and the walking trails are perfect for a leisurely stroll or a vigorous hike. The playground is a great place for kids to burn off some energy, and the park also has a picnic area where you can enjoy a meal with family and friends.

Redwood Park is a beautiful park with lots of trees, a playground, and a pond.

The Melas Park Softball Concession Stand is a great place to get a bite to eat while enjoying a game of softball. The stand offers a variety of food and drink options, as well as a place to sit and relax.

The Marvin S Weiss Community Center is a local community center that offers a variety of recreational and educational activities for residents. The center features a gymnasium, fitness center, game room, library, and classrooms. The center also offers a variety of programs and events for residents of all ages.

Mount Prospect, Illinois area median rent change by ZIP Code map

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How does Mount Prospect compare to other cities in Illinois ?

citymedian price
Elmhurst$2,495
Chicago$1,895
Deerfield$2,279
North Aurora$2,195
Richton Park$2,125
Round Lake Beach$2,175
Winnetka$1,550
Montgomery$2,025
Montgomery$2,025
Hoffman Estates$2,095

Average household income in Mount Prospect area graph - US Census

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The median household income in Mount Prospect in 2021 was $84,353. This represents a 22.2% change from 2011 when the median was $69,048.

#categorypercent
0Less than $10,0003.8%
1$10,000 to $14,9992.7%
2$15,000 to $19,9992.8%
3$20,000 to $24,9994.4%
4$25,000 to $29,9993.4%
5$30,000 to $34,9992.6%
6$35,000 to $39,9994.0%
7$40,000 to $44,9993.1%
8$45,000 to $49,9993.2%
9$50,000 to $59,9996.7%
10$60,000 to $74,9999.2%
11$75,000 to $99,99913.0%
12$100,000 to $124,99911.2%
13$125,000 to $149,9999.5%
14$150,000 to $199,9999.8%
15$200,000 or more10.7%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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