What's the average rent in Palatine, IL?

Rental Market Trends in Palatine, IL

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Palatine, IL is $1,817 per month, which is 8% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,817

-4.3%-$81 decrease month-over-month

-13.3%-$278 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,652

HOUSES

$3,650

TOWNHOUSES

$2,750

As of August 2026, apartments are the most affordable rental option in Palatine, IL at $1,652 per month, while houses are the most expensive at $3,650 per month. Townhomes average $2,750 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,633
2 Bedrooms	$1,800
3 Bedrooms	$2,788
4 Bedrooms	$3,600
All	$1,817

As of August 2026, the average rent for a 1 bedroom rental in Palatine, IL is $1,633 per month, followed by $1,800 for a 2 bedroom rental, $2,788 for a 3 bedroom rental, and $3,600 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,195
3 Bedrooms	$2,750
4 Bedrooms	$3,290
All	$2,750

As of August 2026, the average rent for a 2 bedroom townhome in Palatine, IL is $2,195 per month, followed by $2,750 for a 3 bedroom townhome, and $3,290 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,633
2 Bedrooms	$1,750
3 Bedrooms	$2,250
4 Bedrooms	—
All	$1,750

As of August 2026, the average rent for a 1 bedroom apartment in Palatine, IL is $1,633 per month, followed by $1,750 for a 2 bedroom apartment, and $2,250 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,500
3 Bedrooms	$3,650
4 Bedrooms	$3,800
All	$3,650

As of August 2026, the average rent for a 2 bedroom house in Palatine, IL is $2,500 per month, followed by $3,650 for a 3 bedroom house, and $3,800 for a 4 bedroom house.