Cheap Homes for Rent in Twin Lakes Neighborhood of Palatine, IL from $1,600 (21 Rentals)

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Search the lowest-cost Homes 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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property at 330 W Miner St

330 W Miner St

Arlington HeightsIL60005

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 Fleetwood Center priced from $1,100. Plum Grove has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here are the most affordable Twin Lakes apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Fleetwood CenterStudioStudio,1BA$1,100
Plum GroveTwo Room StudioStudio,1BA$1,300
The Residences at Payton PlaceS1Studio,1BA$1,520
Hawthorne ApartmentsOne Bedroom1BR,1BA$1,600
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$1,649

Best Value Apartments for Rent in Twin Lakes, IL

As of September 14, 2025 the best value apartment in the Twin Lakes area is the $1.94 price per square foot 1x1 A Reno Model at Stonebridge of Arlington Heights in the in the McHenry Road neighborhood starting from $1,649. The second greatest value Twin Lakes apartment is the Ashbury Model at Clover Ridge East Apartments starting at $1,795 with a $2.27 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.
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$1.94
Clover Ridge East ApartmentsAshbury1BR,1BA$2.27
Williams ReserveMulberry1BR,1BA$2.25
The Pointe ApartmentsAshton Deluxe1BR,1BA$2.72
One ArlingtonS1Studio ,1BA$2.80
Hancock Square at Arlington StationS1Studio ,1BA$3.02
Dunton Tower ApartmentsStudio Floor Plan S1Studio ,1BA$3.00
Hawthorne ApartmentsOne Bedroom1BR,1BA$2.67
Fleetwood CenterStudioStudio ,1BA$2.44
Plum GroveTwo Room StudioStudio ,1BA$2.89

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Twin Lakes, Palatine, IL

Ranked #1

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Twin Lakes

What type of rentals are currently available in Twin Lakes?

There are currently 178 Apartments for Rent in Twin Lakes, IL with pricing that ranges from $1,300 to $4,439. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,600 to $4,500.

What is the current price range for Rental Homes in Twin Lakes?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Twin Lakes ranges from $1,600 to $4,500 with an average monthly rent of $2,894.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.