Median Age
42 Years
Largest Age Group
40-49 Years
Approximately 14% of Residents
Under 20
24%
Over 65
20%
Mount Prospect, IL
Area Guide
Avg Rent
$1,687
Population
56,174
Renter Mix
32% Rent
Fun-filled Chicago suburb with ample appeal
Commuter
•
Charming
•
Suburban
Mount Prospect is a small Chicago suburb overflowing with appeal. The town is a nationally-acclaimed community recognized for high performing schools, great housing, and superb public services. The fire department has won numerous awards while the police department has international accreditation. The calendar is jam-packed with events through the year in this family-oriented community. Enjoy a mini Ferris wheel, bounce houses, local food, live entertainment, and more at the Downtown Block Party, an annual two-day event. Taste flavors from across the globe while admiring cultural dance troupes at the Celebration of Cultures held each year.
When Mount Prospect residents aren’t having a great time at special events, you can find them in one of the four park districts in town. Combined, these park facilities feature a mini golf course, skating rinks, playgrounds, an outdoor wave pool, and more. The suburb also has great options for shopping and dining. Head downtown to buy from specialty shops and family-owned eateries. Go to Randhurst Village for department store shopping, chain restaurants, and a movie theater.
Mount Prospect is a prime location for commuters. The suburb is just a few miles away from O’Hare International Airport and Chicago Executive Airport. Daily travelers have access to two Interstate highways and two commuter rail systems. Downtown Chicago is only a 40-minute drive or 30-minute train ride away. Mount Prospect serves up loads of small-town charm on its own but the great location certainly adds even more allure.
Explore the City
The kitchen at Draft Picks in Mount Prospect is open late into the night 7 days a week.
Jelly Cafe in Mount Prospect has a warm, welcoming setting to go along with its homestyle meals.
The Mount Prospect library is a huge, modern library with a plethora of amenities.
Emerson Ale House in Mount Prospect offers up pub style food and has numerous beers on draft.
Emerson Ale House is conveniently located in downtown Mount Prospect,
Mariano's in Mount Prospect has a wide variety of fresh produce.
Demographics
Median Household Income
$91,814
Average: $112,752
Education
21,206
Residents Have a Degree
Job Market
30,479
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Mount Prospect has more homeowners than renters.
Renters
32%
Non-Renters
68%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
33%
Other Education
67%
Rent Trends
As of May 2026, the average apartment rent in Mount Prospect, IL is $1,920 for a studio, $1,687 for one bedroom, $1,864 for two bedrooms, and $2,847 for three bedrooms. Apartment rent in Mount Prospect has decreased by -0.3% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,687/month
691 Sq Ft
House
$3,885/month
1,372 Sq Ft
Condo
$1,939/month
945 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Mount Prospect, IL is for everyday living.
Fairly Walkable
Walkability
50
/ 100
Good Public Transit
Transit
70
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
Public
Grades K-5
461 Students
Public
Grades K-5
456 Students
Indian Grove Elementary School
Public
Grades K-5
433 Students
Public
Grades K-5
333 Students
Robert Frost Elementary School
Public
Grades K-5
350 Students
Public
Grades 6-8
775 Students
Public
Grades 6-8
465 Students
Public
Grades 6-8
503 Students
Public
Grades 9-12
2,149 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Dam No. 2 Woods
- Big Bend Lake
- Community Park West
- River Trail Nature Center
- The Grove
Airports
- Chicago O'Hare International
- Chicago Midway International
Top Apartments in Mount Prospect
Houses for Rent in Mount Prospect
Property Management Companies in Mount Prospect, IL
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RPM
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Trinity Property Consultants
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Two Coast Living
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90
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.