Cheap Homes for Rent near Palos Park, IL from $1,200 (7 Rentals)

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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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 Grace View Apartments priced from $975. Pinnacle Apartments in the Lake Katherine neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Palos Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grace View Apartments1 Bed, 1 bath1BR,1BA$975
Pinnacle ApartmentsOne Bedroom1BR,1BA$1,150
Chateau Royale1BR / 1 BA1BR,1BA$1,275

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

As of September 10, 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 1BR / 1 BA Model at Chateau Royale starting at $1,275 with a $1.50 price per square foot in the Lake Katherine 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
Chateau Royale1BR / 1 BA1BR,1BA$1.50
11180 - 11185 Moraine Dr2 bed/1 bath2BR,1BA$2.02
Acclaim at Hinsdale Lake1 Bedroom 1 Bath1BR,1BA$1.68
Ninety7Fifty on the Park1G-Silver1BR,1BA$2.65
Scenic Tree Rentals1x1 6701BR,1BA$1.96
Grace View Apartments1 Bed, 1 bath1BR,1BA$1.63
Pinnacle ApartmentsOne Bedroom1BR,1BA$2.61

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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Navigating the Rental Market: Tips for First-Time Renters

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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Palos Park

What type of rentals are currently available in Palos Park?

There are currently 61 Apartments for Rent in Palos Park, IL with pricing that ranges from $975 to $5,422. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palos Park ranging from $1,200 to $7,450.

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 $1,200 to $7,450 with an average monthly rent of $2,848.

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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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

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Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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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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Rent According to Income: A Look at Income-Restricted Rentals

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.