Cheap Apartments for Rent in the Palmwood Neighborhood of Rockford, IL from $400 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Palmwood area of Rockford.

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.

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Somerset Apartments
1 Bedroom Apartments

Somerset Apartments

1020 N Main StRockford, IL 61103
  • Utilities Included
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CREEKVIEW APARTMENTS
1 Bedroom Apartments

CREEKVIEW APARTMENTS

4878 Creekview RdRockford, IL 61108
  • Utilities Included

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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167 Flintridge Dr
1 Bedroom Apartments

167 Flintridge Dr

167 Flintridge DrRockford, IL 61107

Palmwood, Rockford, IL Local Guide

Cheapest Available Palmwood Apartments for Rent

 

The cheapest available apartment rental in the Palmwood area of Rockford, IL is a 2 Beds unit found at Rockford Housing Authority priced from $480. Versailles Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $815. Here are the most affordable Palmwood apartments for rent in Rockford, IL:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Versailles Place Apartments2 bedroom 1 bath2BR,1BA$815
Immaculate 1 Bedroom Apartment1BR/1.0BA1BR,1BA$850
Creekview Apartments ::OPEN HOUSE::Newly Renovated 1BR1BR,1BA$945

Best Value Apartments for Rent in Palmwood, IL

As of July 10, 2025 the best value apartment in the Palmwood area is the $0.71 price per square foot 1118 9th Ave Model at 1118 9th Ave, Unit #1 in the in the Central Terrace neighborhood starting from $960. The second greatest value Palmwood apartment is the 2 bedroom 2 bath balcony Model at Versailles Place Apartments starting at $835 with a $0.77 price per square foot in the East Rockford neighborhood. Here is today’s list of the best values for Palmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1118 9th Ave, Unit #11118 9th Ave2BR,1BA$0.71
Versailles Place Apartments2 bedroom 2 bath balcony2BR,2BA$0.77
Carnaby Square ApartmentsSt Louis Ave - 2 Bedroom2BR,1BA$1.25
Creekview Apartments ::OPEN HOUSE::Newly Renovated 1BR1BR,1BA$1.22
2908 Charles St, Unit B2908 Charles St2BR,1BA$1.03
***CREEKVIEW PROPERTIES***Upper floor with dishwasher2BR,1BA$1.31
1912 Charles St, Unit 2nd floor1912 Charles St2BR,1BA$1.29
Immaculate 1 Bedroom Apartment1BR/1.0BA1BR,1BA$1.21
1226 N Main St, Unit 1226Apt41226 N Main St1BR,1BA$1.25
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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Pet Friendly Lifestyle
Palmwood, Rockford, IL

Ranked #27

Among neighborhoods in Rockford, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Palmwood Neighborhood in Rockford, IL

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Palmwood Apartments

How much is rent for a Cheap One Bedroom Palmwood Apartment?

The lowest price for a Cheap One Bedroom Palmwood Apartment is $480 at Rockford Housing Authority.

What is the lowest price for a Cheap Two Bedroom Palmwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palmwood is starting from $480 at Rockford Housing Authority.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.