
Cheap Homes for Rent in Palatine, IL from $1,400 (45 Rentals)
Search the lowest-cost Homes available for rent right now in Palatine.


2 E Dundee Quarter Dr, Unit 307

240 E Rimini Ct

363 E Rimini Ct

363 E Rimini Ct

1477 N Winslowe Dr

1471 N Winslowe Dr

306 W Miner St, Unit X
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.

268 N Carter St

1331 E Ports O Call Dr

1840 Goodwin Dr

225 S Rohlwing Rd

1 Renaissance Pl

1489 N Winslowe Dr

2200 Bayside Dr

211 N Bothwell St
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.

Furnished Studio-Chicago - Woodfield Mall

225 S Rohlwing Rd, Unit 607

1322 E Ports O Call Dr

1965 N Hicks Rd

2125 N Ginger Creek Dr

901 Buccaneer Dr

1485 W Dundee Rd

111 S Baybrook Dr

1001 Buccaneer Dr
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

500 N Wilke Rd

525 N Quentin Rd

525 N Quentin Rd

525 N Quentin Rd

525 N Quentin Rd

2650 Brookwood Way Dr, Unit 103

880 S Plum Grove Rd

1100 N Plum Grove Rd

75 Kristin Cir
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.

2216 W Nichols Rd

440 W Mahogany Ct

902 W Alleghany Dr

130 Crestwood Ct

400 N Cambridge Dr

910 N Chestnut Ave

3900 Bayside Dr

2650 Brookwood Way Dr

1255 N Sterling Ave
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.
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 | $2,130 | $1,500 | $3,000 |
| Palatine 3 Bedroom Homes for Rent | $3,014 | $1,850 | $5,000 |
| Palatine 4 Bedroom Homes for Rent | $3,769 | $2,000 | $7,000 |
Browse Top Homes for Rent in Palatine
Explore Palatine
Palatine, IL Local Guide
- Palatine Neighborhoods
- Nearby Cities
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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 $1,420. 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 | Whitney studio | Studio,1BA | $1,420 |
| The Clayson | 1 Bedroom | 1BR,1BA | $1,430 |
| Village Park Apartments, LLC | A1/1-700-X | 1BR,1BA | $1,450 |
| Albion on Northwest | Oak (A) | 1BR,1BA | $1,475 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,1BA | $1,475 |
| The Preserve at Woodfield | Elk | 1BR,1BA | $1,500 |
| Circle Hill Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1,500 |
| Crescent Place | 2 Bed 2 Bath | 2BR,2BA | $1,510 |
Best Value Apartments for Rent in Palatine, IL
As of November 09, 2025 the best value apartment in the Palatine area is the $1.64 price per square foot (D1r) 3 Bed, 2 Bath Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,195. The second greatest value Palatine apartment is the 340 W Johnson St Model at 340 W Johnson St, Unit Apt. 2 starting at $1,690 with a $1.54 price per square foot in the Pleasant Hill 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 | (D1r) 3 Bed, 2 Bath | 3BR,2BA | $1.64 |
| 340 W Johnson St, Unit Apt. 2 | 340 W Johnson St | 2BR,1.5BA | $1.54 |
| Circle Hill Apartments | 2 Bedroom/1.5 Baths | 2BR,1.5BA | $1.78 |
| Crescent Place | 2 Bed 2 Bath | 2BR,2BA | $1.68 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1.88 |
| The Preserve at Woodfield | Elk | 1BR,1BA | $1.88 |
| Schaumburg- International Village | 1 Bedroom 1 Bath | 1BR,1BA | $2.06 |
| 214-222 S Pine Ave | 1BD/1BA | 1BR,1BA | $1.97 |
| 1471 N Winslowe Dr, Unit 203 | 1471 N Winslowe Dr | 1BR,1BA | $1.87 |
| The Clayson | 1 Bedroom | 1BR,1BA | $2.04 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleBest 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 ArticleThe 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 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 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.
Pet Friendly LifestylePalatine, IL
Ranked #586
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
See the most popular apartments and homes in Palatine, IL
Frequently Asked Questions about Palatine
What type of rentals are currently available in Palatine?
There are currently 289 Apartments for Rent in Palatine, IL with pricing that ranges from $1,300 to $7,750. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palatine ranging from $1,400 to $7,000.
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 $1,400 to $7,000 with an average monthly rent of $2,683.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

