Cheap Apartments for Rent in the Palmwood Neighborhood of Rockford, IL from $535 (54 Rentals)

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

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 1319 12th St

$1,175

2 Bedroom Rentals

Available Now

1319 12th St

RockfordIL61104
property at 1624 13th Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

4 Bedroom, 2 Bath Home for Rent

Available Now

1624 13th Ave

RockfordIL61104

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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property at 4534 Apple Orchard Ln

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

4534 Apple Orchard Ln

RockfordIL61108
property at 2115 La Mar Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Condo for Rent

Available Now

2115 La Mar Ave, Unit 2115

2115 La Mar Ave
RockfordIL61108
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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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Crestview Manor
1 to 2 Bedroom Apartments

Crestview Manor

2319 Eastmoreland AveRockford, IL 61108
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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
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130 Flintridge Dr
2 Bedroom Apartments

130 Flintridge Dr

130 Flintridge DrRockford, IL 61107

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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Ridgeview Apartments
1 Bedroom Apartments

Ridgeview Apartments

331-335 Ridgeview AveRockford, 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
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Apple Orchard Townhomes
Studio to 3 Bedroom Apartments

Apple Orchard Townhomes

4555-4568 Apple Orchard LnRockford, IL 61108
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4175 Eastridge Dr
3 Bedroom Apartments

4175 Eastridge Dr

4175 Eastridge DrRockford, IL 61107

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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Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at Versailles Place Apartments priced from $775. Creekview Apartments 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 Apartments1 bedroom 1 bath1BR,1BA$775
Creekview ApartmentsNewly Renovated 1BR1BR,1BA$995
**CREEKVIEW PROPERTIES**Garden2BR,1BA$1,000
Wesleyan Apartments2425-2505 Wesleyan Ave1BR,1BA$1,095
Valkommen Plaza1 Bedroom 1 Bath1BR,1BA$1,155
1404 E State St Apartments1404 Bump1BR,1BA$1,250
1416 E State St Apartments1416 2 Bed 1 Bath2BR,1BA$1,395

Best Value Apartments for Rent in Palmwood, IL

As of August 21, 2026 the best value apartment in the Palmwood area is the $2.16 price per square foot 1719 Post Ave Model at 1719 Post Ave, Unit Upper in the in the Downtown Rockford neighborhood starting from $2,695. The second greatest value Palmwood apartment is the 2 bedroom 1 bath Model at Versailles Place Apartments starting at $875 with a $0.97 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.
1719 Post Ave, Unit Upper1719 Post Ave2BR,1BA$2.16
Versailles Place Apartments2 bedroom 1 bath2BR,1BA$0.97
1416 E State St Apartments1416 2 Bed 2 Bath2BR,2BA$1.76
Creekview ApartmentsNewly Renovated 1BR+Washer/dryer1BR,1BA$1.36
2912 Charles St, Unit A2912 Charles St2BR,1BA$1.19
**CREEKVIEW PROPERTIES**Upper floor with dishwasher2BR,1BA$1.31
1912 Charles St, Unit 2nd floor1912 Charles St2BR,1BA$1.36
Valkommen Plaza1 Bedroom 1 Bath1BR,1BA$1.71
1404 E State St Apartments1404 Bump1BR,1BA$1.89
Wesleyan Apartments2425-2505 Wesleyan Ave1BR,1BA$1.83

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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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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Pet Friendly Lifestyle
Palmwood, Rockford, IL

Ranked #31

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

Pet Friendliness Lifestyle Score

2.5
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 $775 at Versailles Place Apartments.

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 $875 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

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

Written by: Robin Stewart

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

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.

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.