
Cheap Homes for Rent in Palmwood Neighborhood of Rockford, IL from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmwood area of Rockford.


2505 Wesleyan Ave

1616 13th Ave

2208 8th St

1915 Douglas St

913 11th St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Palmwood, Rockford, IL Local Guide

How much does it cost to rent a home in Palmwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palmwood 2 Bedroom Homes for Rent | $1,192 | $750 | $1,800 |
Palmwood 3 Bedroom Homes for Rent | $1,450 | $1,300 | $1,600 |
Palmwood 4 Bedroom Homes for Rent | $1,797 | $1,795 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Palmwood Neighborhood of Rockford, IL.
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Palmwood, Rockford, IL Local Guide
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Cheapest Available Palmwood Apartments for Rent
 The cheapest available apartment rental in the Palmwood area of Rockford, IL is a 2 Beds unit found at Rockford Housing Authority priced from $480. Roberts Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Palmwood apartments for rent in Rockford, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $715 |
Versailles Place Apartments | 2 bedroom 1 bath | 2BR,1BA | $815 |
Best Value Apartments for Rent in Palmwood, IL
As of April 27, 2025 the best value apartment in the Palmwood area is the $0.71 price per square foot 1118 9th Ave Model at 1118 9th Ave, Unit #1 in the in the Central Terrace neighborhood starting from $960. The second greatest value Palmwood apartment is the 1 bedroom Model at Burnham Lofts starting at $1,225 with a $1.23 price per square foot in the Rolling Green neighborhood. Here is today’s list of the best values for Palmwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1118 9th Ave, Unit #1 | 1118 9th Ave | 2BR,1BA | $0.71 |
Burnham Lofts | 1 bedroom | 1BR,1BA | $1.23 |
Lakeland Apartments | 2br/1bth with Washer & Dryer | 2BR,1BA | $1.22 |
3925 15th Ave, Unit 1 | 3925 15th Ave | 2BR,1BA | $1.17 |
Versailles Place Apartments | 2 bedroom 1 bath | 2BR,1BA | $0.91 |
604 St Louis Ave | St Louis Ave - 2 Bedroom | 2BR,1BA | $1.14 |
Creekview Apartments | Newly Renovated 1BR | 1BR,1BA | $1.14 |
2908 Charles St, Unit B | 2908 Charles St | 2BR,1BA | $1.09 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $1.10 |
Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
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Frequently Asked Questions about Palmwood
What type of rentals are currently available in Palmwood?
There are currently 113 Apartments for Rent in Palmwood, IL with pricing that ranges from $480 to $3,150. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmwood ranging from $750 to $1,800.
What is the current price range for Rental Homes in Palmwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palmwood ranges from $750 to $1,800 with an average monthly rent of $1,297.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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.

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.