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$7001 Bedroom Apartments Available Now
1310 Home Pl, Unit 1
1310 Home PlRockford, IL 61104
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.
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$7001 Bedroom Apartments Available Now
1338 Home Pl, Unit 4
1338 Home PlRockford, IL 61104
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$8002 Bedroom Apartments Available Now
1342 Home Pl, Unit 2
1342 Home PlRockford, IL 61104
1616 13th Ave
RockfordIL61104
335 Ridgeview Ave
RockfordIL61107
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.
4860 Creek View Rd
RockfordIL61108
408 S Gardiner Ave
RockfordIL61104
314 N Longwood St
RockfordIL61107
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$1,2503 Bedroom Apartments Available Now
1612 10th St, Unit 2
1612 10th StRockford, IL 61104
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$1,2502 Bedroom Apartments Available Now
1623 4th Ave, Unit 2
1623 4th AveRockford, IL 61104
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.
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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 | $1,163 | $800 | $1,495 |
| Palmwood 3 Bedroom Homes for Rent | $1,733 | $1,500 | $2,300 |
| Palmwood 4 Bedroom Homes for Rent | $1,650 | $1,450 | $2,000 |
| Palmwood 5 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
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 10 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 1 Bed apartment currently listed from $775. 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 | 1 bedroom 1 bath | 1BR,1BA | $775 |
| Wesleyan Apartments | 2425-2505 Wesleyan Ave | 1BR,1BA | $895 |
Best Value Apartments for Rent in Palmwood, IL
As of May 20, 2026 the best value apartment in the Palmwood area is the $0.86 price per square foot 1 bedroom 1 bath Model at Versailles Place Apartments in the in the East Rockford neighborhood starting from $775. The second greatest value Palmwood apartment is the 1725 Remington Rd Model at 1725 Remington Rd, Unit Apartment #1 starting at $975 with a $1.13 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 | 1 bedroom 1 bath | 1BR,1BA | $0.86 |
| 1725 Remington Rd, Unit Apartment #1 | 1725 Remington Rd | 2BR,1BA | $1.13 |
| 1416 E State St Apartments | 1416 2 Bed 2 Bath w/ Shower | 2BR,2BA | $1.76 |
| Creekview Apartments | 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 | $1.23 |
| 1617 12th Ave, Unit upper | 1617 12th Ave | 2BR,1BA | $0.99 |
| Immaculate Updated 1 Bedroom with 1 Bath | 1BR/1.0BA | 1BR,1BA | $1.33 |
| 1404 E State St Apartments | 1404 Nook | 1BR,1BA | $1.81 |
| Wesleyan Apartments | 2425-2505 Wesleyan Ave | 1BR,1BA | $1.49 |
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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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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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 #37
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
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 113 Apartments for Rent in Palmwood, IL with pricing that ranges from $700 to $1,495. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmwood ranging from $800 to $2,300.
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 $2,300 with an average monthly rent of $1,548.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.