The Element

1550 W Dempster St, Mount Prospect, IL 60056

Waiting List Forecast: Likely None

check_circleVerified for 2024 by David Layfield
Rent Beds Baths SqFt
$1,368 - 1,566 per Month 1 - 2 Beds 1 Bath 850 Sq Ft
check_circle  Naturally Occurring Affordable Housing

Waitlist Forecast

Since this property is probably not participating in an official affordable housing program, it does not have a waiting list.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

While this property does not participate in an official government affordability program, our research indicates that there are some rents at this property well below market rate rents for comparable listings.
Dave's Thoughts On The Element

Naturally Occurring Affordable Housing (NOAH) means that The Element, while not participating in an official government affordability program (such as LIHTC, Public Housing, or Project-Based Vouchers), still has rents comparable to properties that are participating in affordable housing programs. We've made this determination because our research indicates that one or more units at this property have rent significanlty less than average market-rate rents for similar sized units in the area.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Units at The Element

Unit (Bd/Ba) Ft2 Rent
A6-212 (1/1) 850ft2 $1,368
M15-M15E (2/1) 850ft2 $1,566

FAQs for The Element

Does The Element have a waiting list?

The Element probably doesn't have a waiting list. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at The Element?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to The Element, how many other affordable housing properties (and units) are there in Mount Prospect?

In addition to The Element, we list 10 other affordable properties in Mount Prospect. Learn about these properties here. Our data research shows that there are a total of 410 affordable units in Mount Prospect.

When was the The Element listing last updated?

The Element listing on Affordable Housing Online was last updated on 09/06/2024 by Ric Gresia. Remember, a property's status can change so you should contact the property to confirm.

Listings Near The Element

Centennial North and South Apartments

900 E Ardyce Ln, Mount Prospect, Illinois 60056

payment Subsidized

Huntington Towers

571 W Huntington Commons Rd, Mount Prospect, Illinois 60056

payment Subsidized

The Kensington Senior Residences

401 E. Kensington Rd., Mount Prospect, Illinois 60056

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Orion Prospect

475 W Enterprise Dr, Mount Prospect, Illinois 60056

bed 1-2
payment $1204-1526/mo.

Orion ParkView

1821 W Golf Rd, Mount Prospect, Illinois 60056

bed 1-2
payment $1417-1708/mo.

Mount Prospect Greens

2000 W Algonquin Rd, Mount Prospect, Illinois 60056

bed 2
payment $1628/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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