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!
Status: Special offer
Expires October 31, 2026
Apartment building
1-2 beds
Pet-friendly
Air conditioning (wall unit)
Shared laundry
Available units
Price may not include required fees and charges.
 Unit M02-M02C 1 bd, 1 ba | 650 | Now | $1,410 |
Unit M04-M04D 1 bd, 1 ba | 650 | Now | $1,410 |
 Unit M14-M14A 1 bd, 1 ba | 700 | Now | $1,425 |
Unit M17-M17B 1 bd, 1 ba | 700 | Now | $1,425 |
Unit M18-M18B 1 bd, 1 ba | 700 | Now | $1,425 |
Unit M19-M19A 1 bd, 1 ba | 700 | Now | $1,425 |
Unit M05-M05A 1 bd, 1 ba | 700 | Now | $1,425 |
 Unit M07-M07C 1 bd, 1 ba | 650 | Now | $1,435 |
Unit M05-M05C 1 bd, 1 ba | 650 | Nov 30 | $1,435 |
Unit M15-M15A 1 bd, 1 ba | 700 | Now | $1,440 |
Unit M15-M15B 1 bd, 1 ba | 700 | Now | $1,440 |
 Unit M04-M04A 1 bd, 1 ba | 700 | Now | $1,440 |
Unit M12-M12A 1 bd, 1 ba | 700 | Dec 10 | $1,440 |
 Unit A2-211 1 bd, 1 ba | 850 | Now | $1,535 |
 Unit A3-105 1 bd, 1 ba | 850 | Nov 11 | $1,565 |
What's special
Swimming pool
Cool down on hot days
This building features access to a pool. Less than 20% of buildings in Mount Prospect have this amenity.
Office hours
| Day | Open hours |
|---|---|
| Mon - Fri: | 9 am - 5:30 pm |
| Sat: | 10 am - 4 pm |
| Sun: | Closed |
Facts, features & policies
Building Amenities
Community Rooms
- Business Center
- Club House
- Fitness Center
- Game Room
- Resident Lounge
Other
- Laundry: Shared
- Swimming Pool: Pool
Security
- Controlled Access Entry
Services & facilities
- Elevator
- Online Rent Payment
- Pet Park
Unit Features
Appliances
- Dishwasher
- Microwave Oven
- Range Oven
- Refrigerator
Cooling
- Wall Mounted Air Conditioning: Wall AC
Flooring
- Laminate Flooring
- Vinyl Plank Flooring
Other
- Dining Area
- Dishwasher (select Units)
- Laminate Countertops
- Modern Fixtures
- Oak Cabinets
- Patio Balcony
- Tile Bathtub Surround
- Tub/Shower Combination
- White Cabinets
- Window Coverings
Policies
Pet essentials
Pet amenities
Pet Park
Special Features
- 24-Hour Emergency Maintenance
- Closet: Linen Closet
- On-Site Maintenance
- On-Site Management
- Online Maintenance Requests
- Pet-Friendly
- Resident Events
- Storage Units/Lockers Available
- Surface Lot Parking
- Walking Paths Or Trails Nearby
- Yoga Studio
Neighborhood: 60056
Areas of interest
Use our interactive map to explore the neighborhood and see how it matches your interests.
Travel times
Getting around
Walk Score®
 / 100
Very WalkableTransit Score®
 / 100
Some TransitBike Score®
 / 100
Very BikeableNearby schools in Mount Prospect
Robert Frost Elementary School
Grades K-5 • 0.4 miles6/10
GreatSchools® Rating
Test Score Rating
6/10Student Progress Rating
6/10Friendship Jr High School
Grades 6-8 • 1.5 miles7/10
GreatSchools® Rating
Test Score Rating
7/10Student Progress Rating
7/10Prospect High School
Grades 9-12 • 2.9 miles10/10
GreatSchools® Rating
College Readiness Rating
10/10Living in Mount Prospect
Forest River is a residential neighborhood in Mount Prospect, set within the gently rolling, tree-lined northwest suburbs of Chicago. Four-season weather brings warm summers, cold winters, and colorful transitions in spring and fall. The Mount Prospect Historical Society’s museum campus offers a glimpse into local history, while nearby parks and green spaces provide room for walking, play, and time outdoors; check local park listings for playgrounds and dog-friendly options. Dining and coffee choices range from neighborhood spots to the broader selection in Mount Prospect’s downtown, where local shops and community events add a small-town center. Regional forest preserves and trails offer further outdoor options. Driving is convenient for reaching nearby suburbs and Chicago-area destinations, while Metra service from Mount Prospect connects to Chicago. For ZIP code 60056, the median rent is $1,900 per month, with a typical range of $1,000 to $4,495.
Powered by Zillow data and AI technology.
Cost calculator
Nearby apartments for rent
Listing order may reflect relevance, quality, and paid promotion.
Similar apartments for rent
Frequently asked questions
Where is The Element located, and what is the neighborhood like?
The Element is located at 1550 Dempster St, Mount Prospect, IL. The surrounding area includes multiple restaurants and cafes within 2 miles, such as Ramen Misoya, Jameson's Charhouse, and 7-Eleven.
What is the average rent in Mount Prospect, IL?
Based on the latest Zillow data, the median rent across all unit types in ZIP code 60056 in Mount Prospect is currently $1,900 per month. Prices vary by neighborhood, floor plan, and building amenities.
What schools are assigned to The Element?
The schools assigned to The Element include Robert Frost Elementary School, Friendship Jr High School, and Prospect High School.
What are the grocery stores and everyday shopping options near The Element?
The Element is located near 9 grocery stores, including Wally's Market (0.7 miles) and Montrose Market (0.7 miles). Additional shopping options, including CVS pharmacy, are approximately 0.6 miles away.
What is the minimum and maximum rent for The Element?
The total price for an apartment unit in The Element ranges from $1,410 to $2,020. The total price will vary by floor plan, unit size, and unit amenities.
