4860 Creek View Rd
RockfordIL61108
Cheap Homes for Rent in the Palmwood Neighborhood of Rockford, IL from $1,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmwood area of Rockford.
314 N Longwood St
RockfordIL61107
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.
1624 13th Ave
RockfordIL61104
2115 La Mar Ave, Unit 2115
2115 La Mar Ave
RockfordIL61108
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.
4534 Apple Orchard Ln
RockfordIL61108
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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 | $1,412 | $1,000 | $1,795 |
| Palmwood 3 Bedroom Homes for Rent | $1,834 | $1,400 | $2,800 |
| Palmwood 4 Bedroom Homes for Rent | $1,766 | $1,200 | $2,450 |
| Palmwood 5 Bedroom Homes for Rent | $1,947 | $1,795 | $2,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Versailles Place Apartments | 1 bedroom 1 bath | 1BR,1BA | $775 |
| Creekview Apartments | Newly Renovated 1BR | 1BR,1BA | $995 |
| **CREEKVIEW PROPERTIES** | Garden | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Palmwood, IL
As of August 18, 2026 the best value apartment in the Palmwood area is the $0.97 price per square foot 2 bedroom 1 bath Model at Versailles Place Apartments in the in the East Rockford neighborhood starting from $875. The second greatest value Palmwood apartment is the 1416 2 Bed 2 Bath Model at 1416 E State St Apartments starting at $1,495 with a $1.76 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 | 2 bedroom 1 bath | 2BR,1BA | $0.97 |
| 1416 E State St Apartments | 1416 2 Bed 2 Bath | 2BR,2BA | $1.76 |
| Creekview Apartments | Newly Renovated 1BR+Washer/dryer | 1BR,1BA | $1.36 |
| 2912 Charles St, Unit A | 2912 Charles St | 2BR,1BA | $1.19 |
| **CREEKVIEW PROPERTIES** | Upper floor with dishwasher | 2BR,1BA | $1.31 |
| 1912 Charles St, Unit 2nd floor | 1912 Charles St | 2BR,1BA | $1.36 |
| Valkommen Plaza | 1 Bedroom 1 Bath | 1BR,1BA | $1.71 |
| 1404 E State St Apartments | 1404 Bump | 1BR,1BA | $1.89 |
| Wesleyan Apartments | 2425-2505 Wesleyan Ave | 1BR,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.
Read Article
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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Pet Friendly LifestylePalmwood, Rockford, IL
Ranked #29
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 (424)
4 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 122 Apartments for Rent in Palmwood, IL with pricing that ranges from $875 to $2,695. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmwood ranging from $1,000 to $2,800.
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 $1,000 to $2,800 with an average monthly rent of $1,679.
How much are larger Three and Four Bedroom Rentals in Palmwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Palmwood range from $1,325 to $1,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,650.
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
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.
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.
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.
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.