Cheap Homes for Rent in Palmwood Neighborhood of Rockford, IL from $1,000 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmwood area of Rockford.

2219 11th St

314 N Longwood St

1710 7th St
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.

2305 Broadway

312 Salem St

1122 Luther Ave
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.

1912 /1914 Remington Rd, Unit 1914 Remington rd
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 | $1,166 | $1,000 | $1,550 |
| Palmwood 3 Bedroom Homes for Rent | $1,575 | $1,250 | $1,800 |
| Palmwood 4 Bedroom Homes for Rent | $1,833 | $1,600 | $2,100 |
| Palmwood 5 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
| Palmwood 6 Bedroom Homes for Rent | $1,750 | $1,750 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 Creekview Apartments - Half off 1st month! priced from $995. Wesleyan 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 |
|---|---|---|---|
| Creekview Apartments - Half off 1st month! | Newly Renovated 1BR | 1BR,1BA | $995 |
| Wesleyan Apartments | 2425-2505 Wesleyan Ave | 1BR,1BA | $995 |
| Spacious 1 &2 Bedrooms with Balcony | Spacious 1 Bedroom with Balcony, Parking and On... | 1BR,1BA | $999 |
Best Value Apartments for Rent in Palmwood, IL
As of November 14, 2025 the best value apartment in the Palmwood area is the $0.80 price per square foot 1407 7th Ave Model at 1407 7th Ave, Unit 1 down in the in the Rolling Green neighborhood starting from $795. The second greatest value Palmwood apartment is the 2BR/1.0BA Model at 197 Flintridge starting at $1,400 with a $1.41 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. |
|---|---|---|---|
| 1407 7th Ave, Unit 1 down | 1407 7th Ave | 1BR,1BA | $0.80 |
| 197 Flintridge | 2BR/1.0BA | 2BR,1BA | $1.41 |
| Creekview Apartments - Half off 1st month! | Newly Renovated 1BR+Washer/dryer | 1BR,1BA | $1.36 |
| 1416 E State St Apartments | 1416 2 Bed 1 Bath | 2BR,1BA | $1.87 |
| ***CREEKVIEW PROPERTIES*** | Upper floor with dishwasher | 2BR,1BA | $1.31 |
| Spacious 1 &2 Bedrooms with Balcony | Spacious 1 Bedroom with Balcony, Parking and On... | 1BR,1BA | $1.33 |
| 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 |
| 4008 16th Ave, Unit 4 | 4008 16th Ave | 1BR,1BA | $1.40 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 #34
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 Palmwood
What type of rentals are currently available in Palmwood?
There are currently 106 Apartments for Rent in Palmwood, IL with pricing that ranges from $700 to $1,495. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmwood ranging from $1,000 to $2,100.
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 $2,100 with an average monthly rent of $1,587.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

