
Cheap Homes for Rent in Palmwood Neighborhood of Rockford, IL from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmwood area of Rockford.


923 16th Ave

914 18th Ave

1512 Harlem Blvd, Unit Room #4

1320 Home Pl
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907 15th St

209 Carlton Terrace

766 N 1st St

1823 Hutchins Ave

2208 8th St
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408 S Gardiner Ave
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 | $1,168 | $900 | $1,495 |
| Palmwood 3 Bedroom Homes for Rent | $1,747 | $1,550 | $2,000 |
| Palmwood 4 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
| Palmwood 5 Bedroom Homes for Rent | $1,695 | $1,695 | $1,695 |
| Palmwood 6 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Homes for Rent 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 1 Bed unit found at Longwood Garden Apartments priced from $718. Versailles Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. 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 | 2 bedroom 1 bath | 2BR,1BA | $875 |
| Immaculate 1 Bedroom Apartment | 1BR/1.0BA | 1BR,1BA | $900 |
| Immaculate 1 Bedroom Apartment | 1BR/1.0BA | 1BR,1BA | $900 |
| Carnaby Square Apartments | St Louis 1 Bed | 1BR,1BA | $950 |
Best Value Apartments for Rent in Palmwood, IL
As of February 17, 2026 the best value apartment in the Palmwood area is the $0.80 price per square foot 1030 N Church St Model at 1030 N Church St, Unit 1030 N Church st in the in the Central Terrace neighborhood starting from $995. The second greatest value Palmwood apartment is the 3BR/1.0BA Model at Immaculate Updated 3 Bedroom one 1 Bath with Garage starting at $1,250 with a $1.25 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. |
|---|---|---|---|
| 1030 N Church St, Unit 1030 N Church st | 1030 N Church St | 2BR,1BA | $0.80 |
| Immaculate Updated 3 Bedroom one 1 Bath with Garage | 3BR/1.0BA | 3BR,1BA | $1.25 |
| 1914 18th Ave, Unit 3 | 1914 18th Ave | 1BR,1BA | $0.89 |
| Versailles Place Apartments | 2 bedroom 1 bath | 2BR,1BA | $0.97 |
| Carnaby Square Apartments | St Louis Ave - 2 Bedroom | 2BR,1BA | $1.25 |
| 1416 Auburn St, Unit 1416 auburn st | 1416 Auburn St | 2BR,1BA | $1.18 |
| ***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 | $1.33 |
| 1226 N Main St, Unit 1226 Apt4 | 1226 N Main St | 1BR,1BA | $1.25 |
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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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 #28
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
School data provided by Great Schools
Frequently Asked Questions about Palmwood
What type of rentals are currently available in Palmwood?
There are currently 117 Apartments for Rent in Palmwood, IL with pricing that ranges from $718 to $2,195. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmwood ranging from $900 to $2,000.
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 $900 to $2,000 with an average monthly rent of $1,505.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.