Studio Apartments for Rent in Palatine, IL Under $1,200 (1 Rental)
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Palatine, IL Local Guide

How much does it cost to rent an apartment in Palatine?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palatine Studio Apartments | $2,111 | $1,225 | $6,000 |
Palatine 1 Bedroom Apartments | $2,133 | $1,300 | $4,219 |
Palatine 2 Bedroom Apartments | $2,522 | $1,500 | $6,419 |
Palatine 3 Bedroom Apartments | $3,311 | $1,860 | $7,687 |
Palatine 4 Bedroom Apartments | $3,635 | $3,635 | $3,635 |
Explore Palatine
Palatine, IL Local Guide
- Palatine Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Getting Around Palatine, IL
Walk Score®
58 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Studio Palatine Apartments
What is the Cheapest apartment in Palatine with Studio?
Currently the most affordable Studio in Palatine is at Plum Grove listed at $1,300.
How much is the average rent for a Studio Palatine Apartment?
The average rent for a Studio Apartment in Palatine is $2,111.
What is the largest available Studio Palatine Apartment for rent?
Today's apartment with the most square footage in Palatine is a 608 square feet unit starting from $1,945 at Hancock Square at Arlington Station.
What is the average size for Palatine Studio Apartments for rent?
The average size for a Studio rental in Palatine is currently 537 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.