Cheap Apartments for Rent in Palatine, IL
69 rentals
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Use arrow keys to navigatePET FRIENDLY$1,445 - $1,800/mo
1-2 Beds
1 BathWelcome Home to 300 N Brockway Court | 300 N Brockway St #306-1A,
Palatine, IL 60067
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PET FRIENDLY$1,550 - $1,695/mo2 Beds1 BathPalatine Park Apartments | 410-440 W Palatine Rd #440-12,
Palatine, IL 60067
SPECIAL OFFERPET FRIENDLY$1,585 - $1,905/mo1-2 Beds1-2 BathsThe Gates of Deer Grove Apartment Homes | 125 W Dundee Rd #564-103,
Palatine, IL 60074
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SPECIAL OFFERPET FRIENDLYTotal price$1,638 - $2,413/mo1-2 Beds1-2 BathsAlbion on Northwest | 975 N Sterling Ave #18-115,
Palatine, IL 60067
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SPECIAL OFFERPET FRIENDLY$1,739 - $2,341/mo1-3 Beds1-2 BathsWilliams Reserve | 1245 E Prairiebrook Dr #1237C2,
Palatine, IL 60074
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Average Rent Trends in Palatine, IL
Rent in Palatine, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,875 |
| Jul 2025 | $1,900 |
| Aug 2025 | $2,095 |
| Sep 2025 | $2,000 |
| Oct 2025 | $2,050 |
| Nov 2025 | $2,000 |
| Dec 2025 | $1,900 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,800 |
| Mar 2026 | $1,800 |
| Apr 2026 | $1,800 |
| May 2026 | $1,800 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,632 | $1,800 | $2,700 | $2,600 | $1,800 |
| Townhomes | $2,000 | $2,350 | $2,700 | — | $2,600 |
| Apartments and Condos | $1,600 | $1,750 | $2,300 | $2,600 | $1,700 |
| Houses | $2,500 | $1,850 | $3,195 | — | $3,195 |
Frequently Asked Questions about Rentals in Palatine, IL
- What is the average rent of an apartment in Palatine, IL?The average rent of an apartment in Palatine, IL is $1,699 per month. This is about 12% lower than the national average.
- What is the average rent of a house in Palatine, IL?The average rent of a house in Palatine, IL is $3,195 per month. This is about 66% higher than the national average.
- What is the average rent of a townhome in Palatine, IL?The average rent of a townhome in Palatine, IL is $2,600 per month. This is about 35% higher than the national average.
- When is the average rent cheapest in Palatine, IL?In the last year, the average rent in Palatine, IL was lowest in Jan 2025 when it was $1,670 per month.
- When is the average rent most expensive in Palatine, IL?In the last year, the average rent in Palatine, IL was highest in Aug 2025 when it was $2,095 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Palatine, IL?The average rent of a 1 bedroom apartment in Palatine, IL is $1,632 per month. That is about $128 more than the cost of a studio apartment.
- How many available rental listings are in Palatine, IL?There are 71 available rental listings in Palatine, IL.
- What are some zip codes in Palatine, IL?
- What are some cities near Palatine, IL?Some nearby cities include: Inverness, Rolling Meadows, Arlington Heights, Deer Park, Kildeer. These cities may have more rental options to explore.