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Apartments for Rent in Mount Prospect, IL under $1500

38 Rentals Available
Apartments for Rent in Mount Prospect, IL under $1500. 38 Rentals Available
  • a living room with leather furniture and a fireplace
    Today

    1706 Forest Cove Dr., Mount Prospect, IL 60056
    1 BED $1,387+
  • a kitchen with white cabinets and stainless steel appliances
    Today

    8638-56 W. Golf Rd, Des Plaines, IL 60016
    STUDIO $1,050
    1 BED $1,200
    2 BEDS $1,400

  • More Rentals Near Mount Prospect, IL

  • a kitchen with a stove and a refrigerator
    Today

    560 Princeton St, Des Plaines, IL 60016
    1 BED Ask for pricing
  • a renovated kitchen with white cabinets and stainless steel appliances
    Today

    1 N Dryden Place, Arlington Heights, IL 60004
    1 BED $1,350
  • an empty kitchen with white appliances and wooden cabinets
    Today

    2206-2210 S. Goebbert Road, Arlington Heights, IL 60005
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
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  • a kitchen with stainless steel appliances and white cabinets
    Today

    1110-1112 W. Hawthorne St., Arlington Heights, IL 60005
    1 BED $1,500
  • a living room with a fireplace and chairs and a table
    Today

    470 Foxboro Dr, Wheeling, IL 60090
    1 BED $1,480+
  • a living room with a green couch and a tv
    Today

    4700 Arbor Drive, Rolling Meadows, IL 60008
    1 BED $1,330+
  • a kitchen with granite counter tops and stainless steel appliances
    Today

    1919 & 1931 Prairie Square, Schaumburg, IL 60173
    1 BED Ask for pricing
    2 BEDS Ask for pricing
  • a living room with a couch and a glass coffee table
    Today

    70 S Buffalo Grove Rd, Buffalo Grove, IL 60089
    1 BED $1,495
  • a kitchen with a white refrigerator freezer and a stove top oven
    Today

    323-409 N. Northwest Hwy., Palatine, IL 60067
    STUDIO $1,100
  • Interactive banner bedroom
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  • a living room with a sliding glass door to a balcony
    Today

    326-350 Grove St, Wood Dale, IL 60191
    1 BED $950+
    2 BEDS $1,260+
  • a kitchen with a stove and a refrigerator
    Today

    326-350 Grove St, Wood Dale, IL 60191
    1 BED $1,350+
    2 BEDS $1,395+
  • a living room with a couch and a tv
    Today

    6678 N Olympia Ave, Chicago, IL 60631
    1 BED $1,300+
  • a living room with a brick wall and blue furniture
    Today

    125 W. Dundee Rd, Palatine, IL 60074
    STUDIO $1,490+
  • a living room with couches and chairs and a rug
    Today

    725 W. Bode Circle, Hoffman Estates, IL 60169
    1 BED $1,396+
  • an open kitchen and living room with a dining area and a couch
    Today

    280 Spring Hill Dr, Roselle, IL 60172
    STUDIO Ask for pricing
    1 BED $1,385
  • a living room with couches and chairs and a table
    Today

    1131-1139 Center St., Bensenville, IL 60106
    1 BED $1,175+
  • an apartment building on the corner of a street
    Today

    4934-44 Church St, Skokie, IL 60077
    2 BEDS Ask for pricing
  • a kitchen with a stove and a refrigerator
    Today

    8250 Niles Center, Skokie, IL 60077
    1 BED $1,395
  • an apartment building on the corner of a street
    Today

    4909 Church, Skokie, IL 60077
    1 BED $1,365+
  • a kitchen with black cabinets and stainless steel appliances
    Today

    8540 Niles Center Rd, Skokie, IL 60076
    1 BED $1,275+
    2 BEDS Ask for pricing
  • a bedroom with two closet doors and a carpeted floor
    Today

    4921 Crain, Skokie, IL 60077
    STUDIO Ask for pricing
    1 BED $1,275
    2 BEDS Ask for pricing
  • the outlook of an apartment building with trees in front of it
    Today

    4906 Conrad, Skokie, IL 60077
    STUDIO Ask for pricing
    1 BED $1,325
    2 BEDS Ask for pricing
  • a kitchen with a stove and a sink
    Today

    4901 Crain, Skokie, IL 60077
    STUDIO Ask for pricing
    1 BED $1,440
2-23-city
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Getting around in Mount Prospect, IL

87 /100
Very Walkable
35 /100
Some Transit
62 /100
Bikeable
Walk Score®: 87, Transit Score®: 35, Bike Score®: 62

Frequently asked questions

When were prices and availability in Mount Prospect, IL last updated?

Prices and availability in Mount Prospect, IL were last updated on 9 Apr 2026.

What are the best apartments in Mount Prospect, IL?

The best apartments in Mount Prospect, IL are: Maple Street Lofts, HQ Residences, Forest Cove Apartments and Courts of the Fountains.

What type of rental buildings are in Mount Prospect, IL?

In Mount Prospect, 31% of the residents are renting compared to 69% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Mount Prospect's rentals, 73% are small-scale complexes with under 50 units, and 11% are single-family rentals.

Renting apartments in Mount Prospect, IL under $1,500

Searching for apartments for rent in Mount Prospect, IL under $1,500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Mount Prospect, IL, where the average rent is $1,449 per month, there are 38 units available for less than $1,500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Mount Prospect, IL. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Mount Prospect, IL going for $950 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!