Apartments for Rent in Palatine, IL

Prices and availability in Palatine, IL were last updated on 23 Jun 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 $2,864.

The price range for a 1-bedroom apartment in Palatine, IL is between $1,500 and $2,840.

The price range for a 2-bedroom apartment in Palatine, IL is between $1,745 and $2,872.

The price range for a 3-bedroom apartment in Palatine, IL is between $2,266 and $2,625.

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 average age of rental buildings in Palatine is 46 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 97% are garden-style apartment communities, 3% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.