Apartments for Rent in Palatine, IL

Prices and availability in Palatine, IL were last updated on 14 Sep 2026.

The best apartments in Palatine, IL are: Albion on Northwest, Williams Reserve, Clover Ridge East Apartments, The Gates of Deer Grove Apartment Homes and Albion on Lake Cook.

The average rent in Palatine, IL is $1,830.

The price range for a studio apartment in Palatine, IL is between $1,300 and $2,235.

The price range for a 1-bedroom apartment in Palatine, IL is between $1,560 and $2,960.

The price range for a 2-bedroom apartment in Palatine, IL is between $1,692 and $3,531.

The price range for a 3-bedroom apartment in Palatine, IL is between $1,714 and $4,250.

In Palatine, 33% of the residents are renting compared to 67% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Palatine's rentals, 82% are small-scale complexes with under 50 units, and 8% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Palatine are about 46 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 97% of the rental communities here are low-rise, garden-style communities, 3% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Palatine come in a range of sizes and floorplans. Studio apartments represent 1.0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 44% of the total apartments in the city, while 2-bedroom floorplans represent around 50% of all rentals in Palatine. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.