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$1,3501 Bedroom Apartments Available Now
240 N Smith St, Unit A
240 N Smith StPalatine, IL 60067
Cheap Homes for Rent in Palatine, IL from $1,500 (34 Rentals)
Search the lowest-cost Homes available for rent right now in Palatine.
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$1,4501 Bedroom Apartments Available Now
244 N Smith St, Unit G5
244 N Smith StPalatine, IL 60067
1461 N Winslowe Dr
PalatineIL60074
1926 Prairie Square
SchaumburgIL60173
2 E Dundee Quarter Dr
PalatineIL60074
6 Villa Verde Dr, Unit 207, Unit 207
6 Villa Verde Dr
Buffalo GroveIL60089
1915 N Hicks Rd, Unit 207, Unit 207
1915 N Hicks Rd
PalatineIL60074
15B E Dundee Quarter Dr
PalatineIL60074
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
337 N Carter St
PalatineIL60067
525 N Quentin Rd, Unit 615
525 N Quentin Rd
PalatineIL60067
304 N Carter St
PalatineIL60067
444 Osage Ln
PalatineIL60074
337 N Carter St, Unit 202, Unit 202
337 N Carter St
PalatineIL60067
220 W Colfax St
PalatineIL60067
1935 N Hicks Rd
PalatineIL60074
1405 E Central Rd
Arlington HeightsIL60005
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.
509 N Dunton Ave, Unit #6, 2nd Floor, Unit #6, 2nd Floor
509 N Dunton Ave
Arlington HeightsIL60004
869 Trace Dr, Unit 101, Unit 101
869 Trace Dr
Buffalo GroveIL60089
2014 N Rand Rd
PalatineIL60074
3000 Bayside Dr, Unit 204, Unit 204
3000 Bayside Dr
PalatineIL60074
920 Casey Ct
SchaumburgIL60173
111 S Baybrook Dr
PalatineIL60074
2632 Pirates Cv, Unit 2632 Pirates Cove #6, Unit 2632 Pirates Cove #6
2632 Pirates Cv
SchaumburgIL60173
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$1,979Studio Apartments Available Now
Furnished Studio-Chicago - Woodfield Mall
1200 American LnSchaumburg, IL 60173
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.
1374 E Wyndham Cir, Unit 202, Unit 202
1374 E Wyndham Cir
PalatineIL60074
422 N Lake Shore Dr
PalatineIL60067
856 E Capri Dr
PalatineIL60074
525 N Quentin Rd, Unit 402
525 N Quentin Rd
PalatineIL60067
510 W Eastman St
Arlington HeightsIL60005
1 One Renaissance Pl, Unit 1017
1 One Renaissance Pl
PalatineIL60067
1919 Prairie Square
SchaumburgIL60173
1028 Silvana Ct
SchaumburgIL60173
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.
2215 Nichols Rd
Arlington HeightsIL60004
1 Renaissance Pl
PalatineIL60067
Showing Results 1-34, Page 1 of 1
Palatine, IL Local Guide
How much does it cost to rent a home in Palatine?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palatine 2 Bedroom Homes for Rent | $2,275 | $1,650 | $3,500 |
| Palatine 3 Bedroom Homes for Rent | $3,006 | $1,995 | $4,400 |
| Palatine 4 Bedroom Homes for Rent | $3,436 | $3,050 | $3,800 |
| Palatine 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Palatine
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Palatine, IL Local Guide
- Palatine Neighborhoods
- Nearby Cities
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- School Districts
Cheapest Available Palatine Apartments for Rent
The cheapest available apartment rental in Palatine, IL is a Studio unit found at Plum Grove in the Pleasant Hill neighborhood priced from $1,300. Village in the Park Apartments in the Far Northwest Suburban Cook neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here is today’s list of the most affordable Palatine apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Plum Grove | Two Room Studio | Studio,1BA | $1,300 |
| Village in the Park Apartments | Lexus (Studio) | Studio,1BA | $1,425 |
| The Preserve at Woodfield | Arbor | 2BR,1BA | $1,495 |
| The Clayson | 1 Bedroom | 1BR,1BA | $1,498 |
| Village Park Apartments, LLC | A1/1-700-X | 1BR,1BA | $1,515 |
| Fieldpointe of Schaumburg | Willow (S) | Studio,1BA | $1,567 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1,569 |
Best Value Apartments for Rent in Palatine, IL
As of May 25, 2026 the best value apartment in the Palatine area is the $1.94 price per square foot C2 - 2 Bed + Den, 2 Bath Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,607. The second greatest value Palatine apartment is the Algonquin Model at The Preserve at Woodfield starting at $2,190 with a $1.68 price per square foot in the Des Plaines Arlington Hts Corridor neighborhood. Here is today’s list of the best values for Palatine apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Albion on Lake Cook | C2 - 2 Bed + Den, 2 Bath | 2BR,2BA | $1.94 |
| The Preserve at Woodfield | Algonquin | 3BR,2BA | $1.68 |
| 110 S Dunton Ave, Unit 3C | 110 S Dunton Ave | 2BR,2BA | $2.03 |
| 425 N Eric Dr, Unit 3A | 425 N Eric Dr | 2BR,2BA | $1.80 |
| 116 W Wood St, Unit 2E | 116 W Wood St | 2BR,2BA | $1.94 |
| 158 N Brockway St, Unit 1B | 158 N Brockway St | 1BR,1BA | $1.66 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.84 |
| Stonebridge of Arlington Heights | 1x1 A | 1BR,1BA | $1.87 |
| Schaumburg- International Village | 1 Bedroom 1 Bath | 1BR,1BA | $2.10 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,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
Read ArticleA 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
Read ArticleReal 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.
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.
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Palatine, ILPopulation: 68,053
Ranked #537
in US Census Population by City
Best Local Schools in Palatine, IL
School data provided by Great Schools
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Frequently Asked Questions about Palatine
What type of rentals are currently available in Palatine?
There are currently 290 Apartments for Rent in Palatine, IL with pricing that ranges from $1,300 to $14,672. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palatine ranging from $1,500 to $4,500.
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 $4,500 with an average monthly rent of $3,003.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.