Cheap Homes for Rent in Twin Lakes Neighborhood of Palatine, IL from $1,300 (11 Rentals)

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

View Me

$1,3501 Bedroom Apartments Available May 11

240 N Smith St, Unit A

240 N Smith StPalatine, IL 60067

Affordability

$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Now

950 E Wilmette Rd

PalatineIL60074

$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

2650 Brookwood Way Dr

Rolling MeadowsIL60008

$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

337 N Carter St

PalatineIL60067

$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

$1,600

1 Bedroom, 1 Bath Rentals

Available Now

1100 E Randville Dr, Unit 103

1100 E Randville Dr

PalatineIL60074

$1,650

2 Bedroom, 1 Bath Home for Rent

Available Now

236 Johnson St

PalatineIL60067

$1,700

Total Monthly Price

1 Bedroom, 1 Bath Condo for Rent

Available Now

337 N Carter St, Unit 202, Unit 202

337 N Carter St

PalatineIL60067

$1,700 - $2,050

1 To 2 Bedroom Rentals

Available Now

1 Renaissance Pl

PalatineIL60067

$1,750

2 Bedroom, 1 Bath Home for Rent

Available Now

1348 Geneva Dr

PalatineIL60074

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.

Read Article

$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

304 N Carter St

PalatineIL60067

Showing Results 1-11, Page 1 of 1

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	$1,971	$1,600	$2,600
Twin Lakes 3 Bedroom Homes for Rent	$2,909	$2,400	$3,450
Twin Lakes 4 Bedroom Homes for Rent	$3,100	$3,100	$3,100
Twin Lakes 5 Bedroom Homes for Rent	$4,500	$4,500	$4,500

Browse Homes for Rent in this Neighborhood

There are currently 11 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
Nearby Cities
ZIP codes
Local Counties
School Districts

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 Listing	Model Name	Bed/Bath	Priced From
Fleetwood Center	Studio	Studio,1BA	$1,100
Plum Grove	Two Room Studio	Studio,1BA	$1,300
Stonebridge of Arlington Heights	1x1 A	1BR,1BA	$1,659
Williams Reserve	Birch	1BR,1BA	$1,714
The Pointe Apartments	Ashton	1BR,1BA	$1,730

Best Value Apartments for Rent in Twin Lakes, IL

As of April 26, 2026 the best value apartment in the Twin Lakes area is the $2.19 price per square foot 110 S Dunton Ave Model at 110 S Dunton Ave, Unit 3C in the in the Central Business District neighborhood starting from $2,700. The second greatest value Twin Lakes apartment is the 441 N Eric Dr Model at 441 N Eric Dr, Unit 3A starting at $1,795 with a $1.80 price per square foot in the Pleasant Hill 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.
110 S Dunton Ave, Unit 3C	110 S Dunton Ave	2BR,2BA	$2.19
441 N Eric Dr, Unit 3A	441 N Eric Dr	2BR,2BA	$1.80
116 W Wood St, Unit 2E	116 W Wood St	2BR,2BA	$1.94
Stonebridge of Arlington Heights	1x1 A Reno	1BR,1BA	$2.01
Clover Ridge East Apartments	Ashbury	1BR,1BA	$2.32
Williams Reserve	Mulberry	1BR,1BA	$2.29
Hawthorne Apartments	Two Bedroom	2BR,1BA	$2.57
The Pointe Apartments	Ashton Deluxe	1BR,1BA	$2.71
One Arlington	S1	Studio ,1BA	$2.88
Fleetwood Center	Studio	Studio ,1BA	$2.44

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article

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.

Pet Friendly Lifestyle
Twin Lakes, Palatine, IL

Ranked #5

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

Frequently Asked Questions about Twin Lakes

What type of rentals are currently available in Twin Lakes?

There are currently 177 Apartments for Rent in Twin Lakes, IL with pricing that ranges from $1,300 to $3,975. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,395 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 $1,395 to $4,500 with an average monthly rent of $2,845.

Expert Rental Resources

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.

Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.