Cheap Homes for Rent in Palatine, IL from $1,500 (38 Rentals)

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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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property at 330 W Miner St

330 W Miner St

Arlington HeightsIL60005
property at 801 S Dwyer Ave

801 S Dwyer Ave

Arlington HeightsIL60005

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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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.

Read Article

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.

Read Article
Showing Results 1-38, Page 1 of 1

Palatine, IL Local Guide

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
The Preserve at WoodfieldElk1BR,1BA$1,375
Village in the Park ApartmentsWhitney studioStudio,1BA$1,410
214-222 S Pine Ave1BD/1BA1BR,1BA$1,475
Village Park Apartments, LLCA1/3-700-X1BR,1BA$1,495
Williams ReserveAspenStudio,1BA$1,517
Fieldpointe of SchaumburgWillow (S)Studio,1BA$1,519
The Residences at Payton PlaceS1Studio,1BA$1,520
Albion on NorthwestOak (A)1BR,1BA$1,575

Best Value Apartments for Rent in Palatine, IL

As of September 16, 2025 the best value apartment in the Palatine area is the $1.83 price per square foot Newly Renovated (D1r) Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,450. The second greatest value Palatine apartment is the 2x2R - (Renovated) Model at 21 Kristin starting at $2,069 with a $2.00 price per square foot in the Far Northwest Suburban Cook 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.
Albion on Lake CookNewly Renovated (D1r)3BR,2BA$1.83
21 Kristin2x2R - (Renovated)2BR,2BA$2.00
Circle Hill Apartments2 Bedroom/1.5 Baths2BR,1.5BA$1.78
The Clayson2 Bedrooms2BR,1BA$1.84
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$1.94
The Preserve at WoodfieldElk1BR,1BA$1.72
The Gates of Deer Grove Apartment HomesOne Bedroom - 775 sqft1BR,1BA$2.23
Williams ReserveMulberry1BR,1BA$2.25
214-222 S Pine Ave1BD/1BA1BR,1BA$1.97
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.20

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Palatine, IL

Ranked #122

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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!

Explore Palatine, IL Rentals by Map

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See the most popular apartments and homes in Palatine, IL

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Palatine, IL Apartments Map
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Palatine, IL Rental Homes Map

Frequently Asked Questions about Palatine

What type of rentals are currently available in Palatine?

There are currently 286 Apartments for Rent in Palatine, IL with pricing that ranges from $1,300 to $6,000. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palatine ranging from $1,500 to $6,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Palatine ranges from $1,500 to $6,500 with an average monthly rent of $3,133.

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.

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

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 The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.