Cheap Homes for Rent in Palos Park, IL from $1,400 (19 Rentals)

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Search the lowest-cost Homes available for rent right now in Palos Park.

property at 7121 W 110th St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1 Bath Condo for Rent

Available Now

7121 W 110th St, Unit 2W, Unit 2W

7121 W 110th St
WorthIL60482
property at 9986 S 84th Ter

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1 Bath Condo for Rent

Available May 1

9986 S 84th Ter, Unit condo, Unit condo

9986 S 84th Ter
Palos HillsIL60465

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.

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.

property at 10702 S Depot St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

2 Bedroom, 1 Bath Condo for Rent

Available Now

10702 S Depot St, Unit 106C, Unit 106C

10702 S Depot St
WorthIL60482

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.

Palos Park, IL Local Guide

Cheapest Available Palos Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palos Park, IL is a 1 Bed unit found at Pinnacle Apartments in the Lake Katherine neighborhood priced from $1,050. Acclaim at Hinsdale Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here is today’s list of the most affordable Palos Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pinnacle ApartmentsOne Bedroom1BR,1BA$1,050
Acclaim at Hinsdale Lake1 Bedroom 1 Bath1BR,1BA$1,275
Scenic Tree Rentals1x1 6701BR,1BA$1,316
11180 - 11185 Moraine Dr2 bed/1 bath2BR,1BA$1,600
Waterfall GlenThe Springs2BR,1BA$1,660

Best Value Apartments for Rent in Palos Park, IL and Nearby

As of April 26, 2026 the best value apartment in the Palos Park area is the $1.52 price per square foot The Springs Model at Waterfall Glen in the starting from $1,660. The second greatest value Palos Park apartment is the 14475 Jefferson Ave Model at 14475 Jefferson Ave starting at $1,850 with a $1.85 price per square foot in the Ishnala neighborhood. Here is today’s list of the best values for Palos Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Waterfall GlenThe Springs2BR,1BA$1.52
14475 Jefferson Ave14475 Jefferson Ave2BR,1BA$1.85
11180 - 11185 Moraine Dr2 bed/1 bath2BR,1BA$1.90
Acclaim at Hinsdale Lake1 Bedroom 1 Bath1BR,1BA$1.66
Ninety7Fifty on the Park1A-Pacific1BR,1BA$2.63
The Residences of Orland Park CrossingAlpine1BR,1BA$3.02
Scenic Tree Rentals1x1 6701BR,1BA$1.96
Pinnacle ApartmentsOne Bedroom1BR,1BA$2.39

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.

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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.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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The 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.

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Cash 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.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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

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Frequently Asked Questions about Palos Park

What type of rentals are currently available in Palos Park?

There are currently 60 Apartments for Rent in Palos Park, IL with pricing that ranges from $1,050 to $17,620. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palos Park ranging from $1,495 to $8,500.

What is the current price range for Rental Homes in Palos Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Palos Park ranges from $1,495 to $8,500 with an average monthly rent of $3,827.

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.

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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.