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Home / Chicago Area Apartments / Mount Prospect / The Element
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Updated 1 hour ago

The Element


1550 Dempster St Mount Prospect, IL

1 - 3 Bed
•
1 - 2 Bath

650 - 1,500 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,410 - $1,440
700 ft2
10 Available
Managed By: Element Apartments LLC
M19-M19A
$1,410
Available Now
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M15-M15B
$1,420
Available Now
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M18-M18B
$1,425
Available Now
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M17-M17B
$1,425
Available Now
View
M15-M15A
$1,440
Available Now
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M05-M05A
$1,425
Available Now
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M12-M12A
$1,440
Available Dec 10th, 2026
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M20-M20B
$1,425
Available Dec 15th, 2026
View
M04-M04A
$1,440
Available Dec 15th, 2026
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M03-M03A
$1,425
Available Dec 21st, 2026
View
View Rented Units
1 Bed • 1 Bath
$1,399 - $1,435
650 ft2
4 Available
Managed By: Element Apartments LLC
M04-M04D
$1,399
Available Now
View
M02-M02C
$1,410
Available Now
View
M05-M05C
$1,435
Available Nov 30th, 2026
View
M07-M07C
$1,410
Available Dec 30th, 2026
View
View Rented Units
1 Bed • 1 Bath
$1,605
850 ft2
5 Available
Managed By: Element Apartments LLC
A4-105
$1,605
Available Nov 7th, 2026
View
A6-105
$1,605
Available Nov 30th, 2026
View
A4-301
$1,605
Available Jan 7th, 2027
View
A5-306
$1,605
Available Jan 10th, 2027
View
A5-301
$1,605
Available Jan 21st, 2027
View
View Rented Units
2 Beds • 1 Bath
$1,590
850 ft2
4 Available
Managed By: Element Apartments LLC
M10-M10E
$1,590
Available Dec 11th, 2026
View
M16-M16J
$1,590
Available Dec 15th, 2026
View
M10-M10J
$1,590
Available Jan 16th, 2027
View
M12-M12F
$1,590
Available Feb 10th, 2027
View
View Rented Units
2 Beds • 2 Bath
$2,020
1500 ft2
1 Available
Managed By: Element Apartments LLC
A4-203
$2,020
Available Dec 30th, 2026
View
View Rented Units
3 Beds • 2 Bath
$2,450 - $2,525
1500 ft2
4 Available
Managed By: Element Apartments LLC
A5-303
$2,450
Available Nov 25th, 2026
View
A7-203
$2,525
Available Dec 31st, 2026
View
A4-209
$2,525
Available Dec 31st, 2026
View
A6-110
$2,525
Available Dec 31st, 2026
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View Rented Units
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Where you'll live
Street View
Map View
Satellite View
The Element
The Element
The Element
Location ratings
Walk Score®
73
Very Walkable
Transit Score®
31
Some Transit
Bike Score®
82
Very Bikeable
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 1 hour 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
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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:
$53,000
per year
2 Bedroom
Suggested income:
$60,300
per year
3 Bedroom
Suggested income:
$90,200
per year
Rent report

The Element Rent vs. Mount Prospect Average

 The Element      Mount Prospect Average
1BR
$1,471
$1,589
$0
$550
$1,100
$1,650
$2,200
2BR
$1,676
$1,824
$0
$600
$1,200
$1,800
$2,400
3BR
$2,506
$3,218
$0
$1,050
$2,100
$3,150
$4,200

The Element is asking 7% 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 13% more per month.

If you downsized to an average priced Mount Prospect studio apartment, you would pay 20% more per month.

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

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Element
1BR $1,471 $2.00 $4,414
2BR $1,676 $1.70 $5,028
3BR $2,506 $1.70 $7,519
Mount Prospect Average
Studio $1,985 $3.40 $5,954
1BR $1,589 $2.20 $4,768
2BR $1,824 $1.90 $5,472
3BR $3,218 $1.80 $9,654

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 59 1BR units on the market in Mount Prospect. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
2% 52% 39% 8%
Available Units in Mount Prospect
Studio 2
1BR 59
2BR 44
3BR 9
Location
Nearby Colleges

Oakton Community College

UTI of Illionis

Harper College

Chamberlain College of Nursing-Illinois

Elmhurst College

FAQs
Is this property currently leasing units?
Yes. There are 28 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 23 units available for move-in over the next 2 months. 8 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 650 to 1,500 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 $1,399 to $2,525. The Element has 1 bedroom units available starting at $1,399, 2 bedroom units available starting at $1,590, and 3 bedroom units available starting at $2,450.
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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