Cheap Homes for Rent in Palatine, IL from $1,400 (22 Rentals)

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Cheap Homes in Palatine.

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property at 1 N Chestnut Ave

1 N Chestnut Ave

Arlington HeightsIL60005
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Palatine, IL Local Guide

Cheapest Available Palatine Apartments for Rent

 

The cheapest available apartment rental in Palatine, IL is a 1 Bed unit found at Brockway Court Apartments in the Pleasant Hill neighborhood priced from $1,300. Plum Grove in the Pleasant Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Palatine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brockway Court Apartments1x11BR,1BA$1,300
Plum GroveTwo Room StudioStudio,1BA$1,300
The Clayson1 Bedroom1BR,1BA$1,350
Village in the Park ApartmentsHawthorne1BR,1BA$1,415
The Preserve at WoodfieldElk1BR,1BA$1,440

Best Value Apartments for Rent in Palatine, IL

As of May 08, 2025 the best value apartment in the Palatine area is the $1.90 price per square foot Newly Renovated (D1r) Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,550. The second greatest value Palatine apartment is the Algonquin Model at The Preserve at Woodfield starting at $2,390 with a $1.84 price per square foot in the Des Plaines Arlington Hts Corridor neighborhood. Here is today’s list of the best values for Palatine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Albion on Lake CookNewly Renovated (D1r)3BR,2BA$1.90
The Preserve at WoodfieldAlgonquin3BR,2BA$1.84
Schaumburg- International Village2 Bedroom 2 Bath2BR,2BA$1.91
Circle Hill Apartments2 Bedroom/1.5 Baths2BR,1.5BA$1.78
116 W Wood St, Unit 3 - Penthouse116 W Wood St2BR,2BA$1.90
2244 W Nichols Rd, Unit B2244 W Nichols Rd2BR,1BA$1.65
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$1.98
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$2.15
Brockway Court Apartments1x11BR,1BA$1.86
The Clayson1 Bedroom1BR,1BA$1.93

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Frequently Asked Questions about Palatine

What type of rentals are currently available in Palatine?

There are currently 295 Apartments for Rent in Palatine, IL with pricing that ranges from $1,225 to $7,687. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palatine ranging from $1,400 to $6,000.

What is the current price range for Rental Homes in Palatine?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Palatine ranges from $1,400 to $6,000 with an average monthly rent of $3,098.

How much are larger Three and Four Bedroom Rentals in Palatine?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Palatine range from $1,860 to $7,687, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $3,635.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.