Cheap Homes for Rent in the Downtown Palatine Neighborhood of Palatine, IL from $1,650 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Palatine area of Palatine.

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Downtown Palatine, Palatine, IL Local Guide

Best Value Homes for Rent in Downtown Palatine, IL

As of September 18, 2026 the best value rental home in the Downtown Palatine area is the $2.89 price per square foot 127 S Forest Ave Model at 127 S Forest Ave in the Pleasant Hill neighborhood starting from $3,100. The second greatest value Downtown Palatine rental home is the 525 N Quentin Rd Model at 525 N Quentin Rd in the Pleasant Hill neighborhood starting at $1,950 with a $1.95 price per square foot. Here is today’s list of the best values for Downtown Palatine homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
127 S Forest Ave127 S Forest Ave4BR, 2BA$2.89
525 N Quentin Rd525 N Quentin Rd2BR, 1BA$1.95
268 N Carter St, Unit 201268 N Carter St2BR, 1.5BA$2.42

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Downtown Palatine

What type of rentals are currently available in Downtown Palatine?

There are currently 67 Apartments for Rent in Downtown Palatine, IL with pricing that ranges from $1,700 to $1,700. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Palatine ranging from $1,650 to $3,200.

What is the current price range for Rental Homes in Downtown Palatine?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Palatine ranges from $1,650 to $3,200 with an average monthly rent of $2,249.

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.

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