
Cheap Apartments for Rent in the Twin Lakes Neighborhood of Palatine, IL from $1,100 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Twin Lakes area of Palatine.


Williams Reserve

Clover Ridge East Apartments

1331 E Ports O Call Dr

340 W Johnson St, Unit Apt. 2
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317 S Plum Grove Rd

Plum Grove
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The Residences at Payton Place

551 W Euclid Ave

One Arlington

Dunton Tower Apartments
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Hancock Square at Arlington Station

505 W Euclid Ave
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Twin Lakes, Palatine, IL Local Guide

How much does it cost to rent an apartment in Twin Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Twin Lakes Studio Apartments | $1,777 | $1,300 | $2,452 |
| Twin Lakes 1 Bedroom Apartments | $2,014 | $1,400 | $2,958 |
| Twin Lakes 2 Bedroom Apartments | $2,383 | $1,510 | $3,700 |
| Twin Lakes 3 Bedroom Apartments | $3,255 | $3,255 | $3,255 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Twin Lakes Neighborhood of Palatine, IL.
See all Apartments in PalatineExplore Palatine
Twin Lakes, Palatine, IL Local Guide
- Nearby Palatine neighborhoods
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Cheapest Available Twin Lakes Apartments for Rent
 The cheapest available apartment rental in the Twin Lakes area of Chicago, IL is a Studio unit found at Plum Grove priced from $1,300. Crescent Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,510. Here are the most affordable Twin Lakes apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Plum Grove | Two Room Studio | Studio,1BA | $1,300 |
| Crescent Place | 2 Bed 2 Bath | 2BR,2BA | $1,510 |
| Williams Reserve | Aspen | Studio,1BA | $1,517 |
| Clover Ridge East Apartments | Ashbury | 1BR,1BA | $1,588 |
| The Residences at Payton Place | S2 | Studio,1BA | $1,614 |
Best Value Apartments for Rent in Twin Lakes, IL
As of November 08, 2025 the best value apartment in the Twin Lakes area is the $1.54 price per square foot 340 W Johnson St Model at 340 W Johnson St, Unit Apt. 2 in the in the Pleasant Hill neighborhood starting from $1,690. The second greatest value Twin Lakes apartment is the Berkshire Model at Clover Ridge East Apartments starting at $2,033 with a $2.22 price per square foot in the Cherrybrook Village neighborhood. Here is today’s list of the best values for Twin Lakes apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 340 W Johnson St, Unit Apt. 2 | 340 W Johnson St | 2BR,1.5BA | $1.54 |
| Clover Ridge East Apartments | Berkshire | 1BR,1BA | $2.22 |
| Crescent Place | 2 Bed 2 Bath | 2BR,2BA | $1.68 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1.90 |
| 1471 N Winslowe Dr, Unit 203 | 1471 N Winslowe Dr | 1BR,1BA | $1.87 |
| Hawthorne Apartments | Two Bedroom | 2BR,1BA | $2.57 |
| The Pointe Apartments | Ashton Deluxe | 1BR,1BA | $2.72 |
| Hancock Square at Arlington Station | S1 | Studio ,1BA | $2.84 |
| Dunton Tower Apartments | Studio Floor Plan S1 | Studio ,1BA | $2.82 |
| Williams Reserve | Aspen | Studio ,1BA | $2.63 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleTwin Lakes, Palatine, IL
Ranked #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Twin Lakes Apartments
What is a cheap apartment in Twin Lakes?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Twin Lakes is under $1,691.
What is the price of a cheap apartment in Twin Lakes?
The cheapest apartment in Twin Lakes is Plum Grove which is listed at $1,400, while the average apartment in Twin Lakes costs $3,255.
What types of apartments are the cheapest in Twin Lakes?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Twin Lakes that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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!

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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.











