Cheap Apartments for Rent in the Palmwood Neighborhood of Rockford, IL from $500 (41 Rentals)

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

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409 Hill St, Unit 4
$845
Total Monthly Price

Total Monthly Price

Base Rent
$845
Total Monthly Price
$845
1 Bedroom Apartment Available Now

409 Hill St, Unit 4

409 Hill StRockford, IL 61107
Cost Per Sq.Ft.
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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.

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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.

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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 to 2 Bedroom Apartments

CREEKVIEW APARTMENTS

4878 Creekview RdRockford, IL 61108
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167 Flintridge Dr
1 Bedroom Apartments

167 Flintridge Dr

167 Flintridge DrRockford, IL 61107

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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Crestview Manor
1 to 2 Bedroom Apartments

Crestview Manor

2319 Eastmoreland AveRockford, IL 61108
  • Utilities Included
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4424 Eastridge Dr
1 Bedroom Apartments

4424 Eastridge Dr

4424 Eastridge DrRockford, IL 61107
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4418 Eastridge Dr
1 Bedroom Apartments

4418 Eastridge Dr

4418 Eastridge DrRockford, IL 61107
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4703 Turner St
Studio to 2 Bedroom Apartments

4703 Turner St

4703 Turner StRockford, IL 61107
  • Utilities Included
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Ridgeview Apartments
1 Bedroom Apartments

Ridgeview Apartments

331-335 Ridgeview AveRockford, IL 61107
  • Utilities Included

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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130 Flintridge Dr
2 Bedroom Apartments

130 Flintridge Dr

130 Flintridge DrRockford, IL 61107
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Forest View Apartments
1 to 2 Bedroom Apartments

Forest View Apartments

2020 Forest View RdRockford, IL 61108
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1720 Remington Rd
1 to 2 Bedroom Apartments

1720 Remington Rd

1720 Remington RdRockford, IL 61108
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Midtown Lofts
Studio to 2 Bedroom Apartments

Midtown Lofts

401-413 7th StRockford, IL 61104
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Valkommen Plaza
1 to 2 Bedroom Apartments

Valkommen Plaza

310 7th StRockford, IL 61104
Senior Living

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Apple Orchard Townhomes
Studio to 3 Bedroom Apartments

Apple Orchard Townhomes

4555-4568 Apple Orchard LnRockford, IL 61108
  • Utilities Included
Showing Results 1-41, Page 1 of 1

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 Versailles Place Apartments priced from $835. Creekview Apartments- Upcoming Open Houses! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Palmwood apartments for rent in Rockford, IL:

Apartment ListingModel NameBed/BathPriced From
Versailles Place Apartments2 bedroom 2 bath balcony2BR,2BA$835
Creekview Apartments- Upcoming Open Houses!Newly Renovated 1BR1BR,1BA$995
**CREEKVIEW PROPERTIES**Garden2BR,1BA$1,000
Carnaby Square ApartmentsSt Louis 1 Bed1BR,1BA$1,095
Valkommen Plaza1 Bedroom 1 Bath1BR,1BA$1,155
1404 E State St Apartments1404 Nook1BR,1BA$1,295
1416 E State St Apartments1416 2 Bed 1 Bath2BR,1BA$1,395

Best Value Apartments for Rent in Palmwood, IL

As of July 07, 2026 the best value apartment in the Palmwood area is the $0.77 price per square foot 2 bedroom 2 bath balcony Model at Versailles Place Apartments in the in the East Rockford neighborhood starting from $835. The second greatest value Palmwood apartment is the 409 Hill St Model at 409 Hill St, Unit 4 starting at $845 with a $0.86 price per square foot in the Central Terrace 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.
Versailles Place Apartments2 bedroom 2 bath balcony2BR,2BA$0.77
409 Hill St, Unit 4409 Hill St1BR,1BA$0.86
1725 Remington Rd, Unit Apartment #11725 Remington Rd2BR,1BA$1.10
1416 E State St Apartments1416 2 Bed 2 Bath2BR,2BA$1.76
Creekview Apartments- Upcoming Open Houses!Newly Renovated 1BR+Washer/dryer1BR,1BA$1.36
**CREEKVIEW PROPERTIES**Upper floor with dishwasher2BR,1BA$1.31
Carnaby Square ApartmentsSt Louis 1 Bed1BR,1BA$1.41
Valkommen Plaza1 Bedroom 1 Bath1BR,1BA$1.71
1404 E State St Apartments1404 Nook1BR,1BA$1.96
1623 Parmele St, Unit 1623 Parmele apt 21623 Parmele St2BR,1BA$1.31

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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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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Pet Friendly Lifestyle
Palmwood, Rockford, IL

Ranked #42

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Palmwood, Rockford, IL

School data provided by Great Schools

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 $995 at Creekview Apartments- Upcoming Open Houses!.

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 $835 at Versailles Place Apartments.

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.