Cheap Homes for Rent in Twin Lakes Neighborhood of Palatine, IL from $1,600 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in the Twin Lakes area of Palatine.

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

Twin Lakes, Palatine, IL Local Guide

Cheapest Available Twin Lakes Apartments for Rent

 

The cheapest available apartment rental in the Twin Lakes area of Chicago, IL is a 1 Bed unit found at Brockway Court Apartments priced from $1,300. Plum Grove has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here are the most affordable Twin Lakes apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Brockway Court Apartments1x11BR,1BA$1,300
Plum GroveTwo Room StudioStudio,1BA$1,300
Albion on NorthwestOak (As)1BR,1BA$1,650

Best Value Apartments for Rent in Twin Lakes, IL

As of April 25, 2025 the best value apartment in the Twin Lakes area is the $2.61 price per square foot 1 Bed / 2 Baths with Den Model at The Quin in the in the Pleasant Hill neighborhood starting from $2,685. The second greatest value Twin Lakes apartment is the 116 W Wood St Model at 116 W Wood St, Unit 3 - Penthouse starting at $1,900 with a $1.90 price per square foot in the Pleasant Hill neighborhood. Here is today’s list of the best values for Twin Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Quin1 Bed / 2 Baths with Den1BR,2BA$2.61
116 W Wood St, Unit 3 - Penthouse116 W Wood St2BR,2BA$1.90
The Clayson2 Bedrooms2BR,1BA$1.76
Stonebridge of Arlington Heights1x1 A1BR,1BA$2.03
Clover Ridge East ApartmentsAshbury1BR,1BA$2.20
Williams ReserveMulberry1BR,1BA$2.17
Albion on NorthwestOak (As)1BR,1BA$2.24
The Lakes of Schaumburg Apartment HomesOne Bedroom1BR,1BA$2.45
The Pointe ApartmentsAshton Plus1BR,1BA$2.62
Brockway Court Apartments1x11BR,1BA$1.86

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Frequently Asked Questions about Twin Lakes

What type of rentals are currently available in Twin Lakes?

There are currently 183 Apartments for Rent in Twin Lakes, IL with pricing that ranges from $1,300 to $7,602. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,800 to $6,500.

What is the current price range for Rental Homes in Twin Lakes?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Twin Lakes ranges from $1,800 to $6,500 with an average monthly rent of $3,112.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.