Cheap Apartments for Rent in Palmer, IL from $400 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
property at 205 North St

205 North St

RaymondIL62560
property at 2110 Bradley Ct

2110 Bradley Ct

SpringfieldIL62703

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-21, 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 Hickcox Collection in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $620. 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 Hickcox CollectionThe HickoxStudio,1BA$620
Timber CoveThe RegattaStudio,1BA$655
Safe Harbor PropertiesStudioStudio,1BA$675
Denison PlaceOne Bedroom1BR,1BA$675

Best Value Apartments for Rent in Palmer, IL and Nearby

As of May 28, 2025 the best value apartment in the Palmer area is the $1.01 price per square foot C1 Model at Candles in the starting from $1,168. The second greatest value Palmer apartment is the Townhome Model at Ravenwood Townhomes starting at $875 with a $0.88 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.
CandlesC13BR,2BA$1.01
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
3TENB12BR,1BA$1.14
Huntington Ridge ApartmentsTwo Bedroom2BR,1BA$1.10
Denison PlaceOne Bedroom1BR,1BA$0.84
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
2474 N Florian1st Floor2BR,1.5BA$1.13
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor PropertiesStudioStudio ,1BA$1.08
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Palmer, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Palmer, IL

View MapPalmer, IL Apartments MapView MapPalmer, IL Rental Homes Map

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 Hickcox Collection listed at $620.

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 $850 at Butler Place.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.