Cheap Apartments for Rent in Palmer, IL from $400 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palmer.

property at 205 North St

205 North St

RaymondIL62560
Showing Results 1-17, Page 1 of 1

Palmer, IL Local Guide

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. The Hickox Collection in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $628. Here is today’s list of the most affordable Palmer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
The Hickox CollectionThe HickoxStudio,1BA$628
Safe Harbor PropertiesStudioStudio,1BA$675
Denison PlaceOne Bedroom1BR,1BA$675
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750

Best Value Apartments for Rent in Palmer, IL and Nearby

As of August 03, 2025 the best value apartment in the Palmer area is the $0.93 price per square foot 3 Bedroom 2 Bath Model at Orchard Park in the starting from $1,165. The second greatest value Palmer apartment is the 2 Bedroom Model at Ash Grove starting at $1,275 with a $1.14 price per square foot . Here is today’s list of the best values for Palmer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Orchard Park3 Bedroom 2 Bath3BR,3BA$0.93
Ash Grove2 Bedroom2BR,2BA$1.14
Chatterton Place ApartmentsLOFTStudio ,1BA$1.19
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Denison PlaceOne Bedroom1BR,1BA$0.84
2474 N Florian2nd Floor2BR,1.5BA$1.19
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor PropertiesStudioStudio ,1BA$1.08
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69

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Location, Location, Location!

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Getting Around Palmer, IL

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Palmer Apartments

What is the Cheapest Studio apartment in Palmer?

Currently the most affordable Cheap Studio Apartment in Palmer is at The Hickox Collection listed at $628.

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 Orchard Park and starts from $1,165.

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.