Last updated September 24, 2026

Average Rent in Mt Prospect 60056 & Rent Trends

Rent prices and market trends across 1 apartment community in Mt Prospect 60056, Arlington Heights, IL. Updated daily.

Area All Areas

Arlington Heights 60004 60005

Mt Prospect 60056

Wheeling 60090

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$2,529/mo

Lowest Available

$2,485/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Mt Prospect 60056

6 listed units across 1 building offering 1 bed units in Mt Prospect 60056 dropped their asking rent in the past 7 days, an average cut of $12/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Top of The Mount Apartments	Unit 217, A01	$2,517	$2,505	$12
Top of The Mount Apartments	Unit 230, A05A	$2,602	$2,590	$12
Top of The Mount Apartments	Unit 324, A04A	$2,497	$2,485	$12
Top of The Mount Apartments	Unit 415, A02A	$2,552	$2,540	$12
Top of The Mount Apartments	Unit 433, A04A	$2,527	$2,515	$12
Top of The Mount Apartments	Unit 524, A04A	$2,537	$2,525	$12

See today's prices on all 7 listed units

Mt Prospect 60056 vs Arlington Heights, IL Average

Mt Prospect 60056 is more expensive than the Arlington Heights, IL average by $141/mo (6%). The citywide average is $2,388/mo across all neighborhoods.

Is Rent Going Up or Down in Mt Prospect 60056?

As of September 2026, the average rent in Mt Prospect 60056 is $2,529 per month across 1 apartment community and 7 available units.

The most affordable option is Top of The Mount Apartments starting at $2,485/mo. By unit type, a 1-bedroom averages $2,529/mo.

Prices range from $2,485 to $2,590 per month. The most common price point is the $2,400 range, where 7 units are currently listed.

Rent by Bedroom Type in Mt Prospect 60056

1 Bed

$2,529

from $2,485 · 7 units

Rent Prices by Apartment in Mt Prospect 60056

Property	Starting at	Average	Units	Rating
Top of The Mount Apartments	$2,485/mo	$2,529/mo	7	4.3

Frequently Asked Questions About Rent in Mt Prospect 60056

What is the average rent in Mt Prospect 60056?

The average rent in Mt Prospect 60056 is $2,529 per month as of September 2026, based on 7 units across 1 apartment communities.

Is rent going up or down in Mt Prospect 60056?

The current average rent in Mt Prospect 60056 is $2,529/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Mt Prospect 60056?

The most affordable apartment in Mt Prospect 60056 is Top of The Mount Apartments with units starting at $2,485/mo.

How much is a 1-bedroom apartment in Mt Prospect 60056?

A 1-bedroom apartment in Mt Prospect 60056 averages $2,529/mo, with prices starting at $2,485/mo across 7 available units.

How many apartments are available in Mt Prospect 60056?

There are 7 units available across 1 apartment communities in Mt Prospect 60056.

What salary do I need to live comfortably in Mt Prospect 60056?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$101,000/year

Based on the 30 percent rule, using our tracked average rent of $2,529/mo.

Comfortable income

$121,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($2,485/mo), you need to earn at least $99,000/year.

Median household income in Mt Prospect 60056 is $118,532 , about 2% below the comfortable-living threshold.

Cost of living in Mt Prospect 60056

Overall prices in Mt Prospect 60056 runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Mt Prospect 60056's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$2,529	daily refresh
Utilities	$477	BLS × BEA RPP
Groceries	$563	BLS × BEA RPP
Transportation	$1,138	BLS × BEA RPP
Healthcare	$555	BLS × BEA RPP
Other goods and services	$888	BLS × BEA RPP
Estimated total	$6,150/mo	$73,805/year

Population

76,220

Median household income

$118,532

Census median rent

$1,727/mo

Census rent burden

24.6%

Median age

42.7

Mean commute

28 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Illinois Rent Trends

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Explore Arlington Heights, IL on Map

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US-wide rent comparison

See how Arlington Heights, IL rents stack up against the national median