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Apartments for Rent in Palatine, IL under $1600 – 113 Rentals available

  • Apartment
    680 E. Algonquin Rd, Schaumburg, IL 60173
    $1,426 - $2,310
    • 1 Bed
    • 1 Bath
    Draper and Kramer
    Available Today! Last updated 7 Jul 2020
    (847) 258-9559
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Palatine, IL Demographics

  • Total Population68,847
  • Female 34,027
    Male 34,820
  • Median Age38.2

Average Rent in Palatine, IL

  • Palatine, IL Average Rental Price, February 2020 $1,322 /mo

Palatine, IL Apartment Rent Ranges

  • $1,001-$1,50071%
  • $1,501-$2,00029%
  • > $2,0001%

Palatine, IL Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
Palatine, IL $1,246 $1,268 $1,239 $1,238 $1,238 $1,306 $1,274 $1,365 $1,358 $1,322
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468

Palatine, IL Households

  • Total Number of Households26,881
  • Family 17,278
    Non-family 9,603
  • Children 8,225
    No Children 18,656
  • Average People Per Household2.55
  • Median Household Income$76,776
  • Median Housing Costs Per Month$1,361

Palatine, IL Education Statistics

  • No High School5%
  • Some High School20%
  • Some College22%
  • Associate Degree7%
  • Bachelor Degree29%
  • Graduate Degree16%

Apartments in Palatine, IL under $1,600

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,600?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 152 apartments for rent in Palatine, IL on which you’ll spend less than $1,600. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,600

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,600. The average rental size in Palatine, IL is 869 Sqft, but the $1,600 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!