Cheap Homes for Rent in Palatine, IL from $1,400 (34 Rentals)

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property at 1251 Wyndham Dr

1251 Wyndham Dr

PalatineIL60074
property at 520 Hill Dr

520 Hill Dr, Unit 304

520 Hill Dr
Hoffman EstatesIL60169

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 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.

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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.

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property at 330 W Miner St

330 W Miner St

Arlington HeightsIL60005

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.

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Showing Results 1-34, 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 Brockway Court Apartments in the Pleasant Hill neighborhood priced from $1,300. 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
Brockway Court Apartments1x11BR,1BA$1,300
Plum GroveTwo Room StudioStudio,1BA$1,300
Village in the Park ApartmentsForrester1BR,1BA$1,490
Village Park Apartments, LLCA1/3-700-X1BR,1BA$1,495
The Preserve at WoodfieldArbor2BR,1BA$1,500
Fieldpointe of SchaumburgWillowStudio,1BA$1,539
The Lakes of Schaumburg Apartment HomesOne Bedroom1BR,1BA$1,580
Albion on NorthwestOak (A)1BR,1BA$1,600
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,618

Best Value Apartments for Rent in Palatine, IL

As of June 12, 2025 the best value apartment in the Palatine area is the $2.04 price per square foot Newly Renovated (D1r) Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,730. The second greatest value Palatine apartment is the Algonquin Model at The Preserve at Woodfield starting at $2,400 with a $1.85 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Albion on Lake CookNewly Renovated (D1r)3BR,2BA$2.04
The Preserve at WoodfieldAlgonquin3BR,2BA$1.85
The Gates of Deer Grove Apartment HomesTwo Bedroom 2 Bath - 1,140 sqft2BR,2BA$1.79
Circle Hill Apartments2 Bedroom/1.5 Baths2BR,1.5BA$1.78
4067 Bonhill Dr, Unit 4067 Bonhill4067 Bonhill Dr2BR,1BA$1.83
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$2.00
21 Kristin1x1P - (Partial)1BR,1BA$2.14
Brockway Court Apartments1x11BR,1BA$1.86
Village Park Apartments, LLCA1/3-700-X1BR,1BA$2.14
The Clayson1 Bedroom1BR,1BA$2.03

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Palatine

What type of rentals are currently available in Palatine?

There are currently 282 Apartments for Rent in Palatine, IL with pricing that ranges from $1,300 to $7,484. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palatine ranging from $1,495 to $5,800.

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 $1,495 to $5,800 with an average monthly rent of $3,312.

How much are larger Three and Four Bedroom Rentals in Palatine?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Palatine range from $2,135 to $7,484, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,510.

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 Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.