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Prospect is the seat of the City of Prospect and an inner northern suburb of greater Adelaide. It is located 5 km (3.1 mi) north of Adelaide's centre.
Surrounding suburbs include Kilburn, Fitzroy, Medindie and Devon Park. The suburb has boundaries of Main North Road to the East; Carter Street, Audley Avenue and Avenue Road to the South; The Gawler railway line to the west, and a line 400m north of Regency Road (Livingstone Avenue, Angwin Avenue and Henrietta Street) to the north.
Prospect comprises a large majority of the land area (about five sevenths, or 71%) of the City of Prospect council area.