
Cheap Apartments for Rent in the Palmwood Neighborhood of Rockford, IL from $500 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palmwood area of Rockford.


1338 Home Pl, Unit 4

1019 12th Ave

Longwood Garden Apartments

813 3rd Ave

1029 Spafford Ave

Total Monthly Price
1617 12th Ave, Unit upper, Unit upper

1616 13th Ave

1342 Home Pl, Unit 2
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.

Wesleyan Apartments

1118 Revell Ave

Immaculate Updated 1 Bedroom with 1 Bath

901-903 14th St

Total Monthly Price
1725 Remington Rd, Unit Apartment #1, Unit Apartment #1

1359 Charles St

Creekview Apartments

522-524 Lafayette Ave

133 S Chicago Ave
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.

**CREEKVIEW PROPERTIES**

2215-2217 Hecker Ave

1612 10th St, Unit 2

1623 4th Ave, Unit 2

Valley View Senior Apartments

Somerset Apartments

CREEKVIEW APARTMENTS

167 Flintridge Dr

Versailles Place Apartments
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.

Crestview Manor

177 Flintridge Dr

Buckingham Square Apartments

4424 Eastridge Dr

Hershey Manor Apartments

Carnaby Square Apartments

4703 Turner St

335 Ridgeview Ave

Spacious 1 &2 Bedrooms with Balcony, Parking and Onsite Laundry
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.

4860 Creek View Rd

130 Flintridge Dr

Ridgeview Apartments

408 S Gardiner Ave

Lakeland Apartments ::OPEN HOUSE::

Immaculate Updated 2 Bedroom

Midtown Lofts

314 N Longwood St

Valkommen Plaza
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.

1404 E State St Apartments

Apple Orchard Townhomes

4175 Eastridge Dr
Palmwood, Rockford, IL Local Guide

How much does it cost to rent an apartment in Palmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmwood Studio Apartments | $750 | $750 | $750 |
| Palmwood 1 Bedroom Apartments | $881 | $700 | $1,145 |
| Palmwood 2 Bedroom Apartments | $1,091 | $750 | $1,495 |
| Palmwood 3 Bedroom Apartments | $1,172 | $1,095 | $1,250 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Palmwood Neighborhood of Rockford, IL.
See all Apartments in RockfordExplore Rockford
Palmwood, Rockford, IL Local Guide
- Nearby Rockford neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Longwood Garden Apartments priced from $718. Versailles Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Palmwood apartments for rent in Rockford, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Longwood Garden Apartments | 1 Bedroom | 1BR,1BA | $718 |
| Versailles Place Apartments | 1 bedroom 1 bath | 1BR,1BA | $775 |
| Wesleyan Apartments | 2425-2505 Wesleyan Ave | 1BR,1BA | $895 |
| Immaculate Updated 1 Bedroom with 1 Bath | 1BR/1.0BA | 1BR,1BA | $900 |
| Carnaby Square Apartments | St Louis 1 Bed | 1BR,1BA | $950 |
| Creekview Apartments | Newly Renovated 1BR | 1BR,1BA | $995 |
| **CREEKVIEW PROPERTIES** | Garden | 2BR,1BA | $1,000 |
| 1404 E State St Apartments | 1404 Nook | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Palmwood, IL
As of May 20, 2026 the best value apartment in the Palmwood area is the $0.86 price per square foot 1 bedroom 1 bath Model at Versailles Place Apartments in the in the East Rockford neighborhood starting from $775. The second greatest value Palmwood apartment is the 1725 Remington Rd Model at 1725 Remington Rd, Unit Apartment #1 starting at $975 with a $1.13 price per square foot in the Rolling Green 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. |
|---|---|---|---|
| Versailles Place Apartments | 1 bedroom 1 bath | 1BR,1BA | $0.86 |
| 1725 Remington Rd, Unit Apartment #1 | 1725 Remington Rd | 2BR,1BA | $1.13 |
| 1416 E State St Apartments | 1416 2 Bed 2 Bath w/ Shower | 2BR,2BA | $1.76 |
| Creekview Apartments | Newly Renovated 1BR+Washer/dryer | 1BR,1BA | $1.36 |
| **CREEKVIEW PROPERTIES** | Upper floor with dishwasher | 2BR,1BA | $1.31 |
| Carnaby Square Apartments | St Louis 1 Bed | 1BR,1BA | $1.23 |
| 1617 12th Ave, Unit upper | 1617 12th Ave | 2BR,1BA | $0.99 |
| Immaculate Updated 1 Bedroom with 1 Bath | 1BR/1.0BA | 1BR,1BA | $1.33 |
| 1404 E State St Apartments | 1404 Nook | 1BR,1BA | $1.81 |
| Wesleyan Apartments | 2425-2505 Wesleyan Ave | 1BR,1BA | $1.49 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestylePalmwood, Rockford, IL
Ranked #37
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Palmwood, Rockford, IL
Maud E Johnson Elementary School
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 $718 at Longwood Garden 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 $850 at Longwood Garden 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.