Mount Prospect, IL Rent History

66 months of data, 20212026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).

Today (2026-06)
$1,718
1-year change
-3.3%
$-59/mo
5-year change
+36.9%
$463/mo

Monthly rent trend

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Year-by-year rent in Mount Prospect

YearMedian rentYoY changevs 2021
2021$1,252/mo0.0%
2022$1,342/mo+7.2%+7.2%
2023$1,532/mo+14.2%+22.4%
2024$1,565/mo+2.2%+25.0%
2025$1,772/mo+13.2%+41.5%
2026$1,693/mo-4.5%+35.2%

Frequently asked questions

How much has rent in Mount Prospect changed since 2021?

Median rent in Mount Prospect, IL was $1,199 in 2021-01 and is $1,718 as of 2026-06 — a change of $519 per month over 5 years.

How much has Mount Prospect rent increased in the last 5 years?

Over the past 5 years, median rent in Mount Prospect, IL has changed +36.9% ($463 per month). The current median is $1,718.

Is rent in Mount Prospect going up or down year over year?

Year over year, median rent in Mount Prospect, IL has decreased -3.3% ($-59/mo). Current median: $1,718.

See full rent data for Mount Prospect, IL
Methodology: Rent figures use ZORI (Zillow Observed Rent Index) monthly smoothed seasonally-adjusted values for all properties (single family + condo + multifamily). Year-by-year table uses April readings (or nearest available month) for consistency across years. 1-/5-/10-year change uses the same month 2026 as the anchor.