
Cheap Apartments for Rent in Palmer, IL from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmer.


Hunter Glen Apartments

Safe Harbor Properties

Timber Cove

Whispering Pines Apartments
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.

Decatur Flats Apartments

Cobblestone Apartments

West Mound Apartments

Lincoln Tower Apartments

200 N Pine 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.

200 Carroll St

205 North St

1202 E Laurel St
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.
Palmer, IL Local Guide

How much does it cost to rent an apartment in Palmer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer Studio Apartments | $700 | $650 | $875 |
| Palmer 1 Bedroom Apartments | $965 | $700 | $3,000 |
| Palmer 2 Bedroom Apartments | $1,129 | $799 | $3,000 |
| Palmer 3 Bedroom Apartments | $1,430 | $1,099 | $3,000 |
Browse Top Apartments in Palmer
See all Apartments in PalmerExplore Palmer
Palmer, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Palmer Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmer, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Lotts Landing Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. Here is today’s list of the most affordable Palmer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $560 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $700 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
Best Value Apartments for Rent in Palmer, IL and Nearby
As of December 24, 2025 the best value apartment in the Palmer area is the $1.09 price per square foot 3 Bedroom Model at Ash Grove in the starting from $1,450. The second greatest value Palmer apartment is the B1 Model at Candles starting at $989 with a $1.03 price per square foot . Here is today’s list of the best values for Palmer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ash Grove | 3 Bedroom | 3BR,2BA | $1.09 |
| Candles | B1 | 2BR,1.5BA | $1.03 |
| Timber Cove | The Whitehall | 2BR,1BA | $0.98 |
| Safe Harbor Properties | Walk to work. Capitol View. WIFI Included. | 2BR,1BA | $1.03 |
| 3TEN | B1 | 2BR,1BA | $0.95 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| 2474 N Florian | Unit 11 | 2BR,1.5BA | $1.13 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.87 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
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 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 ArticleCash 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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palmer, IL Rentals by Map
See the most popular apartments and homes in Palmer, IL
Frequently Asked Questions about Cheap Palmer Apartments
How much is rent for a Cheap One Bedroom Palmer Apartment?
The lowest price for a Cheap One Bedroom Palmer Apartment is $421 at RESERVE AT LAKEVIEW.
What is the lowest price for a Cheap Two Bedroom Palmer Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palmer is starting from $507 at RESERVE AT LAKEVIEW.
What is the most affordable Palmer Three Bedroom Apartment?
The best deal on a cheap Palmer Three Bedroom Apartment rental is at Candles and starts from $1,099.
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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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!


