205 North St
RaymondIL62560
Cheap Homes for Rent in Palmer, IL from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Palmer.
913 N Taylorville Blvd
TaylorvilleIL62568
1113 Grooms
PawneeIL62558
616 New St
SpringfieldIL62704
417 E Cook St
SpringfieldIL62703
205 N North St
RaymondIL62560
619 S 5th St
SpringfieldIL62703
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.
43 W Lewis St
DivernonIL62530
203 Livergood St
StoningtonIL62567
2523 W Monroe St
SpringfieldIL62704
2535 W Monroe St
SpringfieldIL62704
2831 S 12th St
SpringfieldIL62703
2005 E Laurel St
SpringfieldIL62703
315 Summit Ave
SpringfieldIL62704
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.
Showing Results 1-14, Page 1 of 1
Palmer, IL Local Guide
Corn at the farmers market by Gemma Billings is licensed under CC BY 2.0
How much does it cost to rent a home in Palmer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer 2 Bedroom Homes for Rent | $1,268 | $849 | $2,600 |
| Palmer 3 Bedroom Homes for Rent | $1,482 | $900 | $2,800 |
| Palmer 4 Bedroom Homes for Rent | $3,000 | $2,050 | $4,000 |
| Palmer 5 Bedroom Homes for Rent | $2,450 | $2,450 | $2,450 |
Browse Top Homes for Rent in Palmer
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Palmer, IL Local Guide
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Cheapest Available Palmer Apartments for Rent and Nearby
The cheapest available apartment rental in Palmer, IL is a 1 Bed unit found at Lotts Landing Senior Apartments priced from $560. Whispering Pines Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Palmer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $560 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| Hunter Glen Apartments | Studio | Studio,1BA | $675 |
| Safe Harbor Properties | Studio | Studio,1BA | $730 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
Best Value Apartments for Rent in Palmer, IL and Nearby
As of April 19, 2026 the best value apartment in the Palmer area is the $0.96 price per square foot 3BR/1.0BA Model at Decatur Flats Apartments in the starting from $1,199. The second greatest value Palmer apartment is the Two Bedroom Two Bath Model at Koke Mill Apartments starting at $1,275 with a $1.21 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. |
|---|---|---|---|
| Decatur Flats Apartments | 3BR/1.0BA | 3BR,1BA | $0.96 |
| Koke Mill Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.21 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
| Smart Choice Park | 1 Bedroom Unit-Standard | 1BR,1BA | $1.32 |
| Whispering Pines Apartments | 2 Bed, 1 Bath - Signature | 2BR,1BA | $1.36 |
| Safe Harbor Properties | Studio | Studio ,1BA | $1.08 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.87 |
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 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.
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Explore Palmer, IL Rentals by Map
See the most popular apartments and homes in Palmer, IL
Frequently Asked Questions about Palmer
What type of rentals are currently available in Palmer?
There are currently 42 Apartments for Rent in Palmer, IL with pricing that ranges from $507 to $3,400. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer ranging from $650 to $4,000.
What is the current price range for Rental Homes in Palmer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palmer ranges from $650 to $4,000 with an average monthly rent of $1,803.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.