
Cheap Apartments for Rent in the Palmwood Neighborhood of Rockford, IL from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palmwood area of Rockford.


1226 N Main St, Unit 1226Apt4
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.
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.
Palmwood, Rockford, IL Local Guide

How much does it cost to rent an apartment in Palmwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palmwood 1 Bedroom Apartments | $764 | $480 | $1,025 |
Palmwood 2 Bedroom Apartments | $1,052 | $480 | $1,550 |
Palmwood 3 Bedroom Apartments | $1,250 | $1,250 | $1,250 |
Palmwood 4 Bedroom Apartments | $1,450 | $1,450 | $1,450 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Palmwood Neighborhood of Rockford, IL.
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Palmwood, Rockford, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
Versailles Place Apartments | 2 bedroom 1 bath | 2BR,1BA | $815 |
Immaculate 1 Bedroom Apartment | 1BR/1.0BA | 1BR,1BA | $850 |
Creekview Apartments ::OPEN HOUSE:: | Newly Renovated 1BR | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1118 9th Ave, Unit #1 | 1118 9th Ave | 2BR,1BA | $0.71 |
Versailles Place Apartments | 2 bedroom 2 bath balcony | 2BR,2BA | $0.77 |
Carnaby Square Apartments | St Louis Ave - 2 Bedroom | 2BR,1BA | $1.25 |
Creekview Apartments ::OPEN HOUSE:: | Newly Renovated 1BR | 1BR,1BA | $1.22 |
2908 Charles St, Unit B | 2908 Charles St | 2BR,1BA | $1.03 |
***CREEKVIEW PROPERTIES*** | Upper floor with dishwasher | 2BR,1BA | $1.31 |
1912 Charles St, Unit 2nd floor | 1912 Charles St | 2BR,1BA | $1.29 |
Immaculate 1 Bedroom Apartment | 1BR/1.0BA | 1BR,1BA | $1.21 |
1226 N Main St, Unit 1226Apt4 | 1226 N Main St | 1BR,1BA | $1.25 |
Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
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Pet Friendly LifestylePalmwood, Rockford, IL
Ranked #27
Among neighborhoods in Rockford, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Palmwood, Rockford, IL
Maud E Johnson Elementary School
School data provided by Great Schools
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.