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Home / Chicago Area Apartments / Mount Prospect / The Element
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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
$1,415 - $1,575
850 ft2
11 Available
Managed By: Element Apartments LLC
A2-102
$1,415
Available Now
View
A7-206
$1,525
Available Now
View
A6-311
$1,525
Available Now
View
A6-207
$1,525
Available Now
View
A6-305
$1,575
Available Now
View
A5-106
$1,575
Available Now
View
A4-308
$1,575
Available Now
View
A4-301
$1,575
Available Now
View
A2-208
$1,575
Available Now
View
A2-106
$1,575
Available Now
View
A2-101
$1,415
Available Now
View
1 Bed • 1 Bath
$1,445
650 ft2
1 Available
Managed By: Element Apartments LLC
M03-M03D
$1,445
Available Now
View
1 Bed • 1 Bath
$1,495
700 ft2
2 Available
Managed By: Element Apartments LLC
M12-M12C
$1,495
Available Now
View
M02-M02B
$1,495
Available Now
View
2 Beds • 1 Bath
$1,600 - $1,675
850 ft2
8 Available
Managed By: Element Apartments LLC
M16-M16F
$1,600
Available Now
View
M13-M13K
$1,600
Available Now
View
M09-M09M
$1,675
Available Now
View
M12-M12E
$1,675
Available Now
View
M15-M15H
$1,675
Available Now
View
M17-M17K
$1,675
Available Now
View
M17-M17M
$1,675
Available Now
View
M20-M20J
$1,675
Available Now
View
2 Beds • 2 Bath
$2,065
1500 ft2
3 Available
Managed By: Element Apartments LLC
A3-110
$2,065
Available Now
View
A6-304
$2,065
Available Now
View
A5-209
$2,065
Available Now
View
3 Beds • 1 Bath
$2,475
1800 ft2
1 Available
Managed By: Element Apartments LLC
R-R1547
$2,475
Available Now
View
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
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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:
$54,700
per year
2 Bedroom
Suggested income:
$63,600
per year
3 Bedroom
Suggested income:
$89,100
per year
Rent report

The Element Rent vs. Mount Prospect Average

 The Element      Mount Prospect Average
1BR
$1,521
$1,894
$0
$650
$1,300
$1,950
$2,600
2BR
$1,768
$1,982
$0
$650
$1,300
$1,950
$2,600
3BR
$2,475
$3,665
$0
$1,200
$2,400
$3,600
$4,800

The Element is asking 20% 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 4% more per month.

If you downsized to an average priced Mount Prospect studio apartment, you would pay 7% more per month.

The Element provides 12% more square footage than the average Mount Prospect 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Element
1BR $1,521 $1.90 $4,562
2BR $1,768 $1.70 $5,303
3BR $2,475 $1.40 $7,425
Mount Prospect Average
Studio $2,034 $3.50 $6,102
1BR $1,894 $2.60 $5,681
2BR $1,982 $2.00 $5,947
3BR $3,665 $2.70 $10,995

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 26 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 26 units 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 $1,415 to $2,475. The Element has 1 bedroom units available starting at $1,415, 2 bedroom units available starting at $1,600, and 3 bedroom units available starting at $2,475.
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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