Cheap Apartments for Rent in Palatine, IL
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SPECIAL OFFERPET FRIENDLYTotal price$1,610 - $2,423/mo
1-2 Beds
1-2 BathsAlbion on Northwest | N Sterling Ave,
Palatine, IL 60067
SPECIAL OFFERPET FRIENDLY$1,635 - $1,965/moStudio-2 Beds1 BathThe Gates of Deer Grove Apartment Homes | W Dundee Rd,
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 Jul 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,795 |
| Jul 2026 | $1,780 |
Average Rent By Bedroom and Home Type
In July 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 | $1,550 | $1,807 | $2,639 | $3,700 | $1,800 |
| Townhomes | $2,100 | $2,400 | $2,700 | $3,290 | $2,500 |
| Apartments and Condos | $1,550 | $1,750 | $2,350 | — | $1,700 |
| Houses | — | — | $3,650 | $3,850 | $3,850 |
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 $1,645 per month. This is about 16% lower 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 $1,550 per month. That is about $7 more than the cost of a studio apartment.
- How many available rental listings are in Palatine, IL?There are 92 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.
View this page in Spanish: Apartamentos baratos en renta en Palatine, IL - 242 Rentas | Trulia