Palatine, IL Rental Market Trends
What is the average rent in Palatine?
The average rent for an apartment in Palatine is $1,365, a 3% increase compared to the previous year, when the average rent was $1,322.
Average Rent in Palatine, IL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,365||3%||999 sq. ft.|
What is the average apartment size in Palatine?
The average size for a Palatine, IL apartment is 999 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Palatine, IL Apartment Rent Ranges
Palatine, IL Occupied Housing Units
- Renter-occupied Households35%
- Owner-occupied Households64%
9,449 or 35% of the households in Palatine, IL are renter-occupied while 17,417 or 64% are owner-occupied.
Palatine, IL Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Apr / 2021|
How Palatine Compares to Other Cities
|Average Rent||Y-o-Y Change|