Apartments for Rent in Palatine, IL

Prices and availability in Palatine, IL were last updated on 24 Aug 2026.

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

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

The price range for a studio apartment in Palatine, IL is between $1,300 and $2,293.

The price range for a 1-bedroom apartment in Palatine, IL is between $1,581 and $2,979.

The price range for a 2-bedroom apartment in Palatine, IL is between $1,674 and $2,971.

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.

Studio apartments in Palatine are around 1.0% of rentals, while 1-bedroom floor plans represent 44% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 50% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.