Palatine, IL Rental Market Trends
The average rent for an apartment in Palatine is $1,322, a 4% increase compared to the previous year, when the average rent was $1,274.
Average Rent in Palatine, IL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,322||4%||999 sq. ft.|
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
- > $2,0001%
Palatine, IL Occupied Housing Units
- Renter-occupied Households35%
- Owner-occupied Households64%
9,603 or 35% of the households in Palatine, IL are renter-occupied while 17,278 or 64% are owner-occupied.
Palatine, IL Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How Palatine Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Palatine rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!