
Cheap Homes for Rent in Palmer, IL from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Palmer.


205 North St

913 N Taylorville Blvd
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.

404 E Madison St

307 Washington St

106 E Vine St
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.

2129 S 12th St
Palmer, IL Local Guide

How much does it cost to rent a home in Palmer?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palmer 2 Bedroom Homes for Rent | $1,008 | $599 | $1,750 |
Palmer 3 Bedroom Homes for Rent | $1,649 | $1,150 | $2,800 |
Palmer 4 Bedroom Homes for Rent | $2,112 | $1,450 | $3,000 |
Palmer 5 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
Browse Top Homes for Rent in Palmer
Explore Palmer
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 RESERVE AT LAKEVIEW priced from $421. Whispering Pines Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. 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 |
Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $700 |
Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
Best Value Apartments for Rent in Palmer, IL and Nearby
As of October 08, 2025 the best value apartment in the Palmer area is the $1.17 price per square foot CP Townhome 3BR Model at Cobblestone Place in the starting from $1,975. The second greatest value Palmer apartment is the 3 Bedroom Model at Ash Grove starting at $1,450 with a $1.09 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. |
---|---|---|---|
Cobblestone Place | CP Townhome 3BR | 3BR,2.5BA | $1.17 |
Ash Grove | 3 Bedroom | 3BR,2BA | $1.09 |
Candles | C1 | 3BR,2BA | $1.04 |
Koke Mill Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.17 |
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
Safe Harbor Properties | Downtown | 1BR,1BA | $1.03 |
Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
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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 Palmer
What type of rentals are currently available in Palmer?
There are currently 40 Apartments for Rent in Palmer, IL with pricing that ranges from $650 to $3,000. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer ranging from $599 to $3,000.
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 $599 to $3,000 with an average monthly rent of $1,441.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

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.