4860 Creek View Rd
RockfordIL61108
Cheap Homes for Rent in Palmwood Neighborhood of Rockford, IL from $1,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmwood area of Rockford.
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.
408 S Gardiner Ave
RockfordIL61104
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.
314 N Longwood St
RockfordIL61107
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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 | $1,205 | $1,000 | $1,495 |
| Palmwood 3 Bedroom Homes for Rent | $1,624 | $1,400 | $1,850 |
| Palmwood 4 Bedroom Homes for Rent | $1,750 | $1,650 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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
- Nearby Rockford neighborhoods
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Best Value Apartments for Rent in Palmwood, IL
As of July 04, 2026 the best value apartment in the Palmwood area is the $0.77 price per square foot 2 bedroom 2 bath balcony Model at Versailles Place Apartments in the in the East Rockford neighborhood starting from $835. The second greatest value Palmwood apartment is the 409 Hill St Model at 409 Hill St, Unit 4 starting at $845 with a $0.86 price per square foot in the Central Terrace 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 2 bath balcony | 2BR,2BA | $0.77 |
| 409 Hill St, Unit 4 | 409 Hill St | 1BR,1BA | $0.86 |
| 1725 Remington Rd, Unit Apartment #1 | 1725 Remington Rd | 2BR,1BA | $1.10 |
| 1416 E State St Apartments | 1416 2 Bed 2 Bath | 2BR,2BA | $1.76 |
| Creekview Apartments- Upcoming Open Houses! | 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 | $1.41 |
| Valkommen Plaza | 1 Bedroom 1 Bath | 1BR,1BA | $1.71 |
| 1404 E State St Apartments | 1404 Nook | 1BR,1BA | $1.96 |
| 1623 Parmele St, Unit 1623 Parmele apt 2 | 1623 Parmele St | 2BR,1BA | $1.31 |
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.
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.
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Pet Friendly LifestylePalmwood, Rockford, IL
Ranked #42
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 115 Apartments for Rent in Palmwood, IL with pricing that ranges from $775 to $1,800. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmwood ranging from $1,000 to $1,850.
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 $1,850 with an average monthly rent of $1,526.
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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.