What's the average rent in Palatine, IL?

Rental Market Trends in Palatine, IL

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Palatine, IL is $1,750 per month, which is 8% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,750

-4.1%-$75 decrease month-over-month

6.1%$100 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,663

HOUSES

$3,195

TOWNHOUSES

$2,450

As of May 2026, apartments are the most affordable rental option in Palatine, IL at $1,663 per month, while houses are the most expensive at $3,195 per month. Townhomes average $2,450 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,595
2 Bedrooms	$1,810
3 Bedrooms	$2,750
4 Bedrooms	$2,600
All	$1,800

As of May 2026, the average rent for a 1 bedroom rental in Palatine, IL is $1,595 per month, followed by $1,810 for a 2 bedroom rental, $2,750 for a 3 bedroom rental, and $2,600 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$2,000
2 Bedrooms	$2,295
3 Bedrooms	$2,600
4 Bedrooms	—
All	$2,356

As of May 2026, the average rent for a 1 bedroom townhome in Palatine, IL is $2,000 per month, followed by $2,295 for a 2 bedroom townhome, and $2,600 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,550
2 Bedrooms	$1,795
3 Bedrooms	$2,088
4 Bedrooms	$2,600
All	$1,725

As of May 2026, the average rent for a 1 bedroom apartment in Palatine, IL is $1,550 per month, followed by $1,795 for a 2 bedroom apartment, $2,088 for a 3 bedroom apartment, and $2,600 for a 4 bedroom apartment.