Studio Apartment Rent in Mount Prospect, IL
Median asking rent for a studio apartment in Mount Prospect, Illinois as of October 2026. That's +16% lower than the citywide median of $1,835 and +20% above the national studio median of $1,290.
Income needed for a studio in Mount Prospect
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Mount Prospect
Compare Mount Prospect's median rent across every apartment size.
Cheapest cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Carbondale | $447 |
| 2 | Dixon | $610 |
| 3 | Charleston | $640 |
| 4 | Quincy | $650 |
| 5 | Pekin | $660 |
| 6 | East Peoria | $670 |
| 7 | Rock Island | $680 |
| 8 | Danville | $690 |
| 9 | Moline | $700 |
| 10 | Peoria Heights | $700 |
| 11 | Normal | $720 |
| 12 | Peoria | $738 |
| 13 | Springfield | $750 |
| 14 | Washington | $750 |
| 15 | Decatur | $760 |
Most expensive cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Morton Grove | $2,190 |
| 2 | Lake Forest | $2,190 |
| 3 | Deerfield | $2,190 |
| 4 | Wilmette | $2,100 |
| 5 | Buffalo Grove | $2,100 |
| 6 | Highland Park | $2,060 |
| 7 | Plainfield | $2,015 |
| 8 | Naperville | $1,978 |
| 9 | Vernon Hills | $1,970 |
| 10 | Streamwood | $1,970 |
| 11 | Northbrook | $1,960 |
| 12 | Bolingbrook | $1,925 |
| 13 | Romeoville | $1,910 |
| 14 | Elmhurst | $1,910 |
| 15 | Geneva | $1,900 |
Nearby cities — studio rent
Considering nearby alternatives? 1 of these cities have cheaper studio rents than Mount Prospect.
| City | Distance | Studio rent | vs Mount Prospect |
|---|---|---|---|
| Arlington Heights, IL | 3.6 mi | $1,690 | +$140 (+9%) |
| Wheeling, IL | 4.4 mi | $1,570 | +$20 (+1%) |
| Des Plaines, IL | 4.6 mi | $1,370 | $-180 (-12%) |
| Rolling Meadows, IL | 5.6 mi | $1,620 | +$70 (+5%) |
| Elk Grove Village, IL | 5.9 mi | $1,620 | +$70 (+5%) |
| Buffalo Grove, IL | 7.2 mi | $2,100 | +$550 (+35%) |
| Northbrook, IL | 7.4 mi | $1,960 | +$410 (+26%) |
| Glenview, IL | 7.9 mi | $1,720 | +$170 (+11%) |
| Deerfield, IL | 8.3 mi | $2,190 | +$640 (+41%) |
| Palatine, IL | 8.4 mi | $1,550 | — |
| Schaumburg, IL | 10.1 mi | $1,817 | +$267 (+17%) |
| Morton Grove, IL | 10.2 mi | $2,190 | +$640 (+41%) |
Studio rent in Mount Prospect — common questions
How much is a studio apartment in Mount Prospect?
As of October 2026, the median studio apartment rent in Mount Prospect, Illinois is $1,550 per month. This is +16% below the citywide median of $1,835.
What income do you need to afford a studio in Mount Prospect?
Using the standard 30% rent-to-income rule, you would need an annual income of about $62,000 ($5,167/month gross), which works out to roughly $29.81/hour at a full-time job.
Is Mount Prospect expensive for a studio compared to the rest of the US?
Mount Prospect's studio median of $1,550 is +20% above the national studio median of $1,290. It ranks in the 67th percentile of US cities tracked.
How does Mount Prospect rank for studio rent in Illinois?
Among the 136 cities in Illinois with studio data, Mount Prospect ranks #79 from cheapest to most expensive.
Are there cheaper studio options near Mount Prospect?
Yes — nearby cities with cheaper studio rents include Des Plaines ($1,370).