Briarwood Terrace Apartments
1501 S Wolf Rd,
Prospect Heights, IL 60070
1-3 Beds | $1,400 - $2,671
Rental Market Trends in Prospect Heights, IL
Updated July 2026
The average rent in Prospect Heights, IL is $1,441/month.
Rent in Prospect Heights is roughly equal to the national average rent of of $1,663/month.
$1,441/month
Average Rent
760 Sq Ft
Average Size
-0.9%
Change / Year
87
Available Apartments
Prospect Heights rent varies by unit size and layout:
- Studio apartments in Prospect Heights average per month.
- One-bedroom apartments in Prospect Heights average $1,441 per month.
- Two-bedroom apartments in Prospect Heights average $1,744 per month.
- Three-bedroom apartments in Prospect Heights average $2,077 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Prospect Heights, IL?
In the past year, rent has decreased by 0.9%, which averages out to $13 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Prospect Heights, IL
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
60%
$1,001 - $1,500/month
40%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Prospect Heights, IL?
Because the average rent in Prospect Heights is $1,441, you’ll want to make about $4,803 per month or $57,636 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Prospect Heights, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Prospect Heights, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Prospect Heights Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Prospect Heights?
The average rent in Prospect Heights is $1,441 per month, which is 13.3% lower than the national average of $1,663.
Are rents going up or down in Prospect Heights?
Rents in Prospect Heights, IL are decreasing, with prices down 0.9% year-over-year and $13 less per month.
What rent range is most common in Prospect Heights?
In Prospect Heights, IL, 60% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.