Cheap Apartments for Rent in the Twin Lakes Neighborhood of Palatine, IL from $1,100 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Twin Lakes area of Palatine.

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.

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Mission Creek
2 Bedroom Apartments

Mission Creek

224-395 Rimini CtPalatine, IL 60067
  • Utilities Included
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Long Valley Apartments
1 to 2 Bedroom Apartments

Long Valley Apartments

1203-1229 E Long Valley DrPalatine, IL 60074
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Salem Lane Apartments
1 to 3 Bedroom Apartments

Salem Lane Apartments

211 N Kaspar AveArlington Heights, IL 60005
  • Utilities Included
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315 SALEM LLC
1 to 2 Bedroom Apartments

315 SALEM LLC

315 N Salem AveArlington Heights, IL 60005
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Euclid Place
1 to 3 Bedroom Apartments

Euclid Place

501 W Euclid AveArlington Heights, IL 60004
  • Utilities Included

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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Hawthorne Apartments
1 to 2 Bedroom Apartments

Hawthorne Apartments

1110-1112 W Hawthorne StArlington Heights, IL 60005
  • Utilities Included

Twin Lakes, Palatine, IL Local Guide

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 ListingModel NameBed/BathPriced From
Plum GroveTwo Room StudioStudio,1BA$1,300
Crescent Place2 Bed 2 Bath2BR,2BA$1,510
Williams ReserveAspenStudio,1BA$1,517
Clover Ridge East ApartmentsAshbury1BR,1BA$1,588
The Residences at Payton PlaceS2Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
340 W Johnson St, Unit Apt. 2340 W Johnson St2BR,1.5BA$1.54
Clover Ridge East ApartmentsBerkshire1BR,1BA$2.22
Crescent Place2 Bed 2 Bath2BR,2BA$1.68
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$1.90
1471 N Winslowe Dr, Unit 2031471 N Winslowe Dr1BR,1BA$1.87
Hawthorne ApartmentsTwo Bedroom2BR,1BA$2.57
The Pointe ApartmentsAshton Deluxe1BR,1BA$2.72
Hancock Square at Arlington StationS1Studio ,1BA$2.84
Dunton Tower ApartmentsStudio Floor Plan S1Studio ,1BA$2.82
Williams ReserveAspenStudio ,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.

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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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The 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.

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Quick 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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Pet Friendly Lifestyle
Twin Lakes, Palatine, IL

Ranked #2

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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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.

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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.

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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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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.