Cheap Apartments for Rent in Palatine, IL from $900 (79 Rentals)

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Albion on Northwest
Rent Specials
$1,533 - $2,413
Total Monthly Price

Total Monthly Price

Base Rent
$1,533 - $2,413
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
Affordability
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  • Customer Reviewed
  • Low Income

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Palatine Square
Studio to 2 Bedroom Apartments

Palatine Square

1517 Winslowe StPalatine, IL 60074
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Fleetwood Center
Studio Apartments

Fleetwood Center

323-409 N Northwest HwyPalatine, IL 60067
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Mission Creek
2 Bedroom Apartments

Mission Creek

224-395 Rimini CtPalatine, IL 60067
  • Utilities Included
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Long Valley Apartments
1 to 2 Bedroom Apartments

Long Valley Apartments

1203-1229 E Long Valley DrPalatine, IL 60074
  • Utilities Included
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Inverleith Apartments
Studio to 2 Bedroom Apartments

Inverleith Apartments

525 N Quentin RdPalatine, IL 60067
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 444 Osage Ln

$1,650

2 Bedroom Rentals

Available Now

444 Osage Ln

PalatineIL60074
property at 337 N Carter St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

337 N Carter St, Unit 202, Unit 202

337 N Carter St
PalatineIL60067
property at 1 Renaissance Pl

$1,700 - $2,050

1 To 2 Bedroom Rentals

Available Now

1 Renaissance Pl

PalatineIL60067

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Showing Results 1-50, Page 1 of 2

Palatine, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Palatine Apartments for Rent

 

The cheapest available apartment rental in Palatine, IL is a Studio unit found at Fleetwood Center in the Pleasant Hill neighborhood priced from $1,100. Plum Grove in the Pleasant Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Palatine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fleetwood CenterStudioStudio,1BA$1,100
Plum GroveTwo Room StudioStudio,1BA$1,300
Village in the Park ApartmentsHawthorne1BR,1BA$1,465
The Clayson1 Bedroom1BR,1BA$1,473
Fieldpointe of SchaumburgWillow (S)Studio,1BA$1,507
Village Park Apartments, LLCA1/1-700-X1BR,1BA$1,515
Arrowhead ApartmentsA11BR,1BA$1,595
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$1,599
Circle Hill Apartments1 Bedroom/1 Bath1BR,1BA$1,600
214-222 S Pine Ave1BD/1BA1BR,1BA$1,600

Best Value Apartments for Rent in Palatine, IL

As of April 26, 2026 the best value apartment in the Palatine area is the $1.50 price per square foot 826 E Capri Dr Model at 826 E Capri Dr, Unit 826 #2 in the in the Cherrybrook Village neighborhood starting from $2,250. The second greatest value Palatine apartment is the D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook starting at $2,632 with a $1.96 price per square foot in the Cherrybrook Village neighborhood. Here is today’s list of the best values for Palatine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
826 E Capri Dr, Unit 826 #2826 E Capri Dr3BR,1.5BA$1.50
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.96
The Preserve at WoodfieldAlgonquin3BR,2BA$1.71
441 N Eric Dr, Unit 3A441 N Eric Dr2BR,2BA$1.80
1525 Norway Ln, Unit 3b1525 Norway Ln2BR,1BA$1.65
116 W Wood St, Unit 2E116 W Wood St2BR,2BA$1.94
Circle Hill Apartments1 Bedroom/1 Bath1BR,1BA$1.84
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$2.01
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$2.10
The Clayson1 Bedroom1BR,1BA$2.10

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Palatine Overview

Boasting the motto 'A Real Home Town', the charming Palatine delivers on the promise of an Illinois locale where everyone knows your name. Brimming with mid-western ambiance to spare, this is one hot spot that is sure to appeal to a wide array of lifestyles.

Why live in Palatine, IL?

For those desiring a laid-back way of life that still offers plenty of amenities and easy access to big city excitement, Palatine rentals are seemingly ideal in almost every regard. With plenty of well-lauded area schools and shopping options, this Illinois community is a great place to raise a family, and the nearby Chicago job market has landed Palatine on numerous 'best of' lists for the eager commuter.

Palatine, IL
Population: 68,053

Ranked #537

in US Census Population by City

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Best Local Schools in
Palatine, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Palatine Apartments

What is the Cheapest Studio apartment in Palatine?

Currently the most affordable Cheap Studio Apartment in Palatine is at Fleetwood Center listed at $1,100.

How much is rent for a Cheap One Bedroom Palatine Apartment?

The lowest price for a Cheap One Bedroom Palatine Apartment is $1,400 at Plum Grove.

What is the lowest price for a Cheap Two Bedroom Palatine Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palatine is starting from $1,675 at The Preserve at Woodfield.

What is the most affordable Palatine Three Bedroom Apartment?

The best deal on a cheap Palatine Three Bedroom Apartment rental is at The Preserve at Woodfield and starts from $2,220.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.