Apartments for Rent in Palatine, IL

Prices and availability in Palatine, IL were last updated on 4 Jun 2026.

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

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

The price range for a studio apartment in Palatine, IL is between $1,100 and $3,327.

The price range for a 1-bedroom apartment in Palatine, IL is between $1,500 and $2,604.

The price range for a 2-bedroom apartment in Palatine, IL is between $1,750 and $2,953.

The price range for a 3-bedroom apartment in Palatine, IL is between $1,714 and $2,650.

In Palatine 33% of the housing is rented out compared to 67% of homes are owned, according to the most recent Census Bureau estimates. 10% of Palatine's apartments are found in large buildings of 50 units or more, 82% are located in smaller apartment complexes with less than 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.