Cheap Homes for Rent in Palos Park, IL from $1,200 (14 Rentals)

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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.

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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.

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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 Pinnacle Apartments in the Lake Katherine neighborhood priced from $985. Scenic Tree Rentals in the Ishnala neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,116. Here is today’s list of the most affordable Palos Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pinnacle ApartmentsOne Bedroom1BR,1BA$985
Scenic Tree Rentals1x1 6701BR,1BA$1,116
Green Oaks Apartments1 Bd. 1 Bath1BR,1BA$1,330
Acclaim at Hinsdale Lake1a11BR,1BA$1,383
Ninety 7 Fifty on the ParkNickel2BR,2BA$2,630

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

As of June 01, 2025 the best value apartment in the Palos Park area is the $2.26 price per square foot Nickel Model at Ninety 7 Fifty on the Park in the in the Ishnala neighborhood starting from $2,630. The second greatest value Palos Park apartment is the 1a1 Model at Acclaim at Hinsdale Lake starting at $1,383 with a $1.80 price per square foot . 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.
Ninety 7 Fifty on the ParkNickel2BR,2BA$2.26
Acclaim at Hinsdale Lake1a11BR,1BA$1.80
Scenic Tree Rentals1x1 6701BR,1BA$1.67
Green Oaks Apartments1 Bd. 1 Bath1BR,1BA$2.05
Pinnacle ApartmentsOne Bedroom1BR,1BA$2.24

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Palos Park

What type of rentals are currently available in Palos Park?

There are currently 59 Apartments for Rent in Palos Park, IL with pricing that ranges from $985 to $3,099. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palos Park ranging from $1,250 to $5,000.

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 $1,250 to $5,000 with an average monthly rent of $2,757.

How much are larger Three and Four Bedroom Rentals in Palos Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Palos Park range from $1,858 to $3,099, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,800. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $3,090.

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

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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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.

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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.

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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.