Cheap Homes for Rent in Palatine, IL from $1,350 (42 Rentals)

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

property at 1975 N Hicks Rd

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Sep 8

1975 N Hicks Rd, Unit 206

1975 N Hicks Rd
PalatineIL60074

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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property at 4 Villa Verde Dr

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

Studio, 1 Bath Condo for Rent

Available Now

4 Villa Verde Dr, Unit 202

4 Villa Verde Dr
Buffalo GroveIL60089
property at 2000 Bayside Dr

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

1 Bedroom, 1 Bath Condo for Rent

Available Now

2000 Bayside Dr, Unit 207

2000 Bayside Dr
PalatineIL60074
property at 1321 E Ports O Call Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 1 Bath Condo for Rent

Available Now

1321 E Ports O Call Dr, Unit 1N

1321 E Ports O Call Dr
PalatineIL60074

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 1472 Carol Ct

$1,675

2 Bedroom Rentals

Available Now

1472 Carol Ct

PalatineIL60074

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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property at 4208 Bonhill Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Condo for Rent

Available Now

4208 Bonhill Dr, Unit 2C

4208 Bonhill Dr
Arlington HeightsIL60004
property at 205 W Miner St

$1,835 - $1,850

1 Bedroom Rentals

Available Now

205 W Miner St

Arlington HeightsIL60005

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 24 W Station St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Oct 1

24 W Station St, Unit 412

24 W Station St
PalatineIL60067
Showing Results 1-42, Page 1 of 1

Palatine, IL Local Guide

Cheapest Available Palatine Apartments for Rent

 

The cheapest available apartment rental in Palatine, IL is a 1 Bed unit found at The Preserve at Woodfield in the Des Plaines Arlington Hts Corridor neighborhood priced from $1,360. Plum Grove in the Pleasant Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,475. Here is today’s list of the most affordable Palatine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Preserve at WoodfieldElk1BR,1BA$1,360
Plum GroveTwo Room StudioStudio,1BA$1,475
Fieldpointe of SchaumburgWillow (S)Studio,1BA$1,491
Village Park ApartmentsA1/3-700-X1BR,1BA$1,515
Village in the Park ApartmentsHawthorne Premium1BR,1BA$1,550
The Lakes of Schaumburg Apartment Homes1 Bedroom 1 Bath 5701BR,1BA$1,550
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,595
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,598
Circle Hill Apartments1 Bedroom/1 Bath1BR,1BA$1,600
Hawthorne ApartmentsOne Bedroom1BR,1BA$1,600

Best Value Apartments for Rent in Palatine, IL

As of August 23, 2026 the best value apartment in the Palatine area is the $1.53 price per square foot 826 E Capri Dr Model at 826 E Capri Dr, Unit 826 #1 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 $2,609 with a $1.95 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 #1826 E Capri Dr3BR,1.5BA$1.53
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.95
Versailles on the Lakes SchaumburgVersailles w Den - Associates2BR,2BA$2.10
1305 E Turtle Creek Cir, Unit #E1305 E Turtle Creek Cir2BR,1BA$1.85
Clover Ridge East ApartmentsSussex2BR,1BA$1.99
Circle Hill Apartments1 Bedroom/1 Bath1BR,1BA$1.84
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$2.06
The Preserve at WoodfieldElk1BR,1BA$1.70
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$2.20
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.13

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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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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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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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!

Explore Palatine, IL Rentals by Map

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See the most popular apartments and homes in Palatine, IL

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Frequently Asked Questions about Palatine

What type of rentals are currently available in Palatine?

There are currently 287 Apartments for Rent in Palatine, IL with pricing that ranges from $1,360 to $6,611. There are also 113 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palatine ranging from $1,350 to $4,700.

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 $1,350 to $4,700 with an average monthly rent of $2,629.

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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