
Cheap Apartments for Rent in the Downtown Palatine Neighborhood of Palatine, IL from $1,100 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Palatine area of Palatine.


The Metropolitan

Groves of Palatine

Brockway Place

167-169 E Palatine Rd

77 N Quentin Rd

317 S Plum Grove Properties

The Stratford
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.

Hidden Prairie

Deer Run

2-66 N Smith St

The Providence

Palatine Commons

Hamilton Creek

Cornell Lakes

Brandon Grove
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.

Cobblestone Court Condominiums

Townes of St. James

Miramonte Pointe

775-788 W Northwest Hwy

Preserve/Palatine Condos

238-246 N Village Ct

245-255 N Smith St

Georgetown Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

104 N Plum Grove Rd

151 E Palatine Rd

Hamilton Place

Park Towne

Palatine Station

116 W Wood St

1 Renaissance Pl

Golfview Commons
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.

Auburn Woods

Hickory Hill

Fleetwood Center

Brockway Court Apartments

205 - 209 E Palatine Rd, Palatine, IL 60067

Inverleith Apartments

Palatine Park Apartments

430 W Palatine Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Downtown Palatine, Palatine, IL Local Guide

How much does it cost to rent an apartment in Downtown Palatine?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Palatine 1 Bedroom Apartments | $1,485 | $1,475 | $1,495 |
| Downtown Palatine 2 Bedroom Apartments | $1,767 | $1,575 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 1 mile radius of the Downtown Palatine Neighborhood of Palatine, IL.
See all Apartments in PalatineExplore Palatine
Downtown Palatine, Palatine, IL Local Guide
- Nearby Palatine neighborhoods
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Cheapest Available Downtown Palatine Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fleetwood Center | Studio | Studio,1BA | $1,100 |
Best Value Apartments for Rent in Downtown Palatine, IL
As of February 16, 2026 the best value apartment in the Downtown Palatine area is the $1.80 price per square foot 441 N Eric Dr Model at 441 N Eric Dr, Unit 3A in the in the Pleasant Hill neighborhood starting from $1,795. The second greatest value Downtown Palatine apartment is the 116 W Wood St Model at 116 W Wood St, Unit 1E starting at $1,575 with a $1.97 price per square foot in the Pleasant Hill neighborhood. Here is today’s list of the best values for Downtown Palatine apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 441 N Eric Dr, Unit 3A | 441 N Eric Dr | 2BR,2BA | $1.80 |
| 116 W Wood St, Unit 1E | 116 W Wood St | 2BR,1BA | $1.97 |
| Fleetwood Center | Studio | Studio ,1BA | $2.44 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly Lifestyle
Ranked #
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
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

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.

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.

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.

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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.