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Updated 2 hours ago

The Element


1550 Dempster St Mount Prospect, IL

1 - 3 Bed
•
1 - 2 Bath

650 - 1,800 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,400 - $1,450
700 ft2
7 Available
Managed By: Element Apartments LLC
M12-M12C
$1,450
Available Now
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M13-M13C
$1,450
Available May 2nd, 2026
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M20-M20C
$1,450
Available May 23rd, 2026
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M11-M11A
$1,450
Available May 30th, 2026
View
M18-M18D
$1,400
Available Jun 13th, 2026
View
M17-M17D
$1,450
Available Jun 21st, 2026
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M20-M20B
$1,450
Available Aug 1st, 2026
View
View Rented Units
1 Bed • 1 Bath
$1,425
650 ft2
2 Available
Managed By: Element Apartments LLC
M06-M06C
$1,425
Available Now
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M01-M01D
$1,425
Available Now
View
View Rented Units
1 Bed • 1 Bath
$1,475 - $1,485
850 ft2
11 Available
Managed By: Element Apartments LLC
A5-112
$1,475
Available Jun 6th, 2026
View
A2-305
$1,485
Available Jun 6th, 2026
View
A5-312
$1,475
Available Jun 13th, 2026
View
A6-108
$1,485
Available Jun 13th, 2026
View
A5-205
$1,485
Available Jun 13th, 2026
View
A1-101
$1,485
Available Jun 20th, 2026
View
A7-211
$1,485
Available Jun 20th, 2026
View
A4-108
$1,485
Available Jun 28th, 2026
View
A4-212
$1,485
Available Jul 6th, 2026
View
A3-205
$1,475
Available Jul 11th, 2026
View
A7-111
$1,485
Available Jul 31st, 2026
View
View Rented Units
2 Beds • 2 Bath
$1,900 - $1,925
1500 ft2
9 Available
Managed By: Element Apartments LLC
A6-304
$1,925
Available Now
View
A4-103
$1,925
Available May 16th, 2026
View
A5-203
$1,925
Available May 16th, 2026
View
A5-309
$1,925
Available May 16th, 2026
View
A2-103
$1,925
Available May 23rd, 2026
View
A2-209
$1,925
Available May 23rd, 2026
View
A3-109
$1,925
Available Jun 20th, 2026
View
A1-104
$1,900
Available Jul 1st, 2026
View
A6-103
$1,925
Available Jul 11th, 2026
View
View Rented Units
2 Beds • 1 Bath
$1,535 - $1,565
850 ft2
13 Available
Managed By: Element Apartments LLC
M05-M05J
$1,535
Available May 9th, 2026
View
M16-M16K
$1,565
Available May 9th, 2026
View
M09-M09F
$1,565
Available May 9th, 2026
View
M15-M15L
$1,565
Available May 9th, 2026
View
M18-M18J
$1,565
Available May 9th, 2026
View
M12-M12H
$1,535
Available May 23rd, 2026
View
M14-M14G
$1,535
Available May 30th, 2026
View
M19-M19K
$1,565
Available May 30th, 2026
View
M19-M19M
$1,565
Available Jun 5th, 2026
View
M17-M17E
$1,565
Available Jun 6th, 2026
View
M06-M06L
$1,535
Available Jun 28th, 2026
View
M10-M10E
$1,565
Available Jul 2nd, 2026
View
M10-M10M
$1,565
Available Jul 11th, 2026
View
View Rented Units
3 Beds • 2 Bath
$2,350 - $2,450
1500 ft2
3 Available
Managed By: Element Apartments LLC
A3-309
$2,450
Available Now
View
A4-104
$2,350
Available May 22nd, 2026
View
A7-303
$2,350
Available May 30th, 2026
View
View Rented Units
3 Beds • 1 Bath
$2,475
1800 ft2
2 Available
Managed By: Element Apartments LLC
R-R1503
$2,475
Available May 25th, 2026
View
R-R1535
$2,475
Available Jun 26th, 2026
View
View Rented Units
Where you'll live
Street View
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The Element
The Element
The Element
Amenities
Fitness Center
Pool
Elevator
Lounge
Dog Park
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $500
Property details
Description

The Element offers spacious one-, two-, and three-bedroom apartment homes in a prime Mount Prospect location near major employers, retail, and everyday conveniences. Each home features generous floor plans with classic layouts, townhome-style options, and plenty of room to relax and unwind. Residents can enjoy a full collection of community amenities, including a fitness center, swimming pool, yoga studio, business center, game room, and on-site laundry facilities. With quick access to I-90, I-290, O’Hare International Airport, the Mount Prospect Metra Station, and the Elk Grove Village Business Park, The Element connects you to some of the strongest employment hubs in the northwest suburbs. Discover comfortable living in a highly accessible location. Contact our leasing team today for availability and to schedule your tour!

Additional Details
Total Unit Count: 509
Last Updated: Updated 2 hours ago
Contact Number: (224) 877-7596
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
ViaSat, Inc. 100.0 3.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 10.0 0.6
AT&T Inc. 6.0 0.512
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
Renters Also Viewed
$1,150 - $1,699
Mount Prospect Greens
2000 W. Algonquin Rd Mount Prospect, IL
1 - 2 BR | Available Now
0.3 miles away
$1,100 - $1,400
Ashton Condominiums
2400 S. Goebbert Road Arlington Heights, IL
1 - 2 BR
0.9 miles away
$1,419 - $2,759
Mount Prospect Greens
2000 W Algonquin Rd Mount Prospect, IL
1 - 2 BR | Available Now
0.3 miles away
$2,100
606 E Algonquin Rd Unit 101
Arlington Heights, IL
2 BR | Available Now
0.8 miles away
$1,511 - $3,103
Residences at Arlington Heights
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for The Element by bedroom type below.
1 Bedroom
Suggested income:
$52,600
per year
2 Bedroom
Suggested income:
$61,400
per year
3 Bedroom
Suggested income:
$87,100
per year
Rent report

The Element Rent vs. Mount Prospect Average

 The Element      Mount Prospect Average
1BR
$1,463
$1,653
$0
$550
$1,100
$1,650
$2,200
2BR
$1,706
$2,044
$0
$700
$1,400
$2,100
$2,800
3BR
$2,420
$2,813
$0
$950
$1,900
$2,850
$3,800

The Element is asking 12% less than the average 1 bedroom apartment in Mount Prospect.

If you upsized to an average priced Mount Prospect 2 bedroom apartment, you would pay 19% more per month.

If you downsized to an average priced Mount Prospect studio apartment, you would pay 23% more per month.

The Element provides 3% more square footage than the average Mount Prospect 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Element
1BR $1,463 $1.90 $4,388
2BR $1,706 $1.50 $5,117
3BR $2,420 $1.50 $7,260
Mount Prospect Average
Studio $2,150 $3.40 $6,449
1BR $1,653 $2.20 $4,959
2BR $2,044 $2.10 $6,133
3BR $2,813 $1.70 $8,438

Availability in Mount Prospect

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 38 1BR units on the market in Mount Prospect. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
1% 54% 42% 3%
Available Units in Mount Prospect
Studio 1
1BR 38
2BR 30
3BR 2
Location
Nearby Colleges

Oakton Community College

UTI of Illionis

Harper College

Chamberlain College of Nursing-Illinois

Elmhurst College

Nearby Hospitals
Name Distance
Northwest Community Hospital 2.72 mi.
Alexian Brothers Medical Center 3.73 mi.
Presance Chicago Hospitals Network Dba Presence Holy Family Medical Center 3.76 mi.
Nearby Fire Stations
Name Distance
Elk Grove Township Fire Department 0.93 mi.
Mount Prospect Fire Department 2.15 mi.
Elk Grove Village Fire Department 2.24 mi.
FAQs
Is this property currently leasing units?
Yes. There are 47 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 39 units available for move-in over the next 2 months. 5 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 650 to 1,800 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,400 to $2,475. The Element has 1 bedroom units available starting at $1,400, 2 bedroom units available starting at $1,535, and 3 bedroom units available starting at $2,350.
Where is this property located?
This property is at 1550 Dempster St in Mount Prospect, IL. It's 2.2 miles southwest from the center of Mount Prospect.
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