Cheap Homes for Rent in Twin Lakes Neighborhood of Palatine, IL from $1,500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Twin Lakes area of Palatine.

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

225 S Rohlwing Rd

1 Renaissance Pl

2200 Bayside Dr

1489 N Winslowe 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.

225 S Rohlwing Rd, Unit 607

1322 E Ports O Call Dr

111 S Baybrook Dr

2650 Brookwood Way Dr, Unit 103

500 N Wilke Rd

880 S Plum Grove Rd
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.
Twin Lakes, Palatine, IL Local Guide

How much does it cost to rent a home in Twin Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Twin Lakes 2 Bedroom Homes for Rent | $2,016 | $1,500 | $2,950 |
| Twin Lakes 3 Bedroom Homes for Rent | $2,832 | $2,300 | $3,200 |
| Twin Lakes 4 Bedroom Homes for Rent | $3,349 | $2,000 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Twin Lakes Neighborhood of Palatine, IL.
Explore 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 | $1,590 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1,599 |
Best Value Apartments for Rent in Twin Lakes, IL
As of November 09, 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 $2,035 with a $2.23 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 | $2.23 |
| Crescent Place | 2 Bed 2 Bath | 2BR,2BA | $1.68 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $1.88 |
| 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 |
| Dunton Tower Apartments | Studio Floor Plan S1 | Studio ,1BA | $2.82 |
| Williams Reserve | Aspen | Studio ,1BA | $2.63 |
| Plum Grove | Two Room Studio | Studio ,1BA | $2.89 |
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
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 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 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 Twin Lakes
What type of rentals are currently available in Twin Lakes?
There are currently 184 Apartments for Rent in Twin Lakes, IL with pricing that ranges from $1,300 to $3,700. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,500 to $4,200.
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 $1,500 to $4,200 with an average monthly rent of $2,455.
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.

