828 8th Ave
RockfordIL61104
Cheap Homes for Rent in Palmwood Neighborhood of Rockford, IL from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmwood area of Rockford.
225 Summit
RockfordIL61107
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.
close
View Me
1512 Harlem Blvd, Unit Room #4
1512 Harlem Blvd
RockfordIL61103
close
View Me
314 N Longwood St
RockfordIL61107
1518 20th St
RockfordIL61104
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.
close
View Me
1624 Eastmoreland Ave
RockfordIL61108
210 Kenilworth Dr
RockfordIL61108
Showing Results 1-10, Page 1 of 1
Palmwood, Rockford, IL Local Guide
How much does it cost to rent a home in Palmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmwood 2 Bedroom Homes for Rent | $1,245 | $825 | $1,750 |
| Palmwood 3 Bedroom Homes for Rent | $1,726 | $1,250 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Palmwood Neighborhood of Rockford, IL.
Explore 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 2 Beds unit found at Rockford Housing Authority priced from $480. Creekview Apartments - First Month FREE! 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
| Creekview Apartments - First Month FREE! | Newly Renovated 1BR | 1BR,1BA | $995 |
| ***CREEKVIEW PROPERTIES*** | Garden | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Palmwood, IL
As of September 15, 2025 the best value apartment in the Palmwood area is the $1.05 price per square foot 102 7th St Model at 102 7th St, Unit UNIT 2 in the in the Central Terrace neighborhood starting from $1,575. The second greatest value Palmwood apartment is the 1719 Post Ave Model at 1719 Post Ave, Unit Upper starting at $2,695 with a $2.16 price per square foot in the Downtown 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. |
|---|---|---|---|
| 102 7th St, Unit UNIT 2 | 102 7th St | 4BR,1BA | $1.05 |
| 1719 Post Ave, Unit Upper | 1719 Post Ave | 2BR,1BA | $2.16 |
| Carnaby Square Apartments | St Louis Ave - 2 Bedroom | 2BR,1BA | $1.25 |
| Creekview Apartments - First Month FREE! | Newly Renovated 1BR | 1BR,1BA | $1.23 |
| ***CREEKVIEW PROPERTIES*** | Upper floor with dishwasher | 2BR,1BA | $1.31 |
| 2908 Charles St, Unit B | 2908 Charles St | 2BR,1BA | $1.03 |
| 1912 Charles St, Unit 2nd floor | 1912 Charles St | 2BR,1BA | $1.29 |
| 1404 E State St Apartments | 1404 Nook | 1BR,1BA | $1.96 |
| Wesleyan Apartments | 2425-2505 Wesleyan Ave | 1BR,1BA | $1.66 |
| Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
Quick 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.
Let everyone know!
Do you know the Palmwood area?
If you’re an expert on all things Palmwood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestylePalmwood, Rockford, IL
Ranked #36
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Palmwood, Rockford, IL
Maud E Johnson Elementary School
Rockford School District 205
Public School - Grades K-5 (391)
5 out of 10
School data provided by Great Schools
Frequently Asked Questions about Palmwood
What type of rentals are currently available in Palmwood?
There are currently 110 Apartments for Rent in Palmwood, IL with pricing that ranges from $480 to $2,695. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmwood ranging from $800 to $2,500.
What is the current price range for Rental Homes in Palmwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palmwood ranges from $800 to $2,500 with an average monthly rent of $1,359.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.