What is the average apartment size in Palatine?

The average size for a Palatine, IL apartment is 1,000 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.

What is the average rent in Palatine?

As of Aug / 2026, the average rent in Palatine is $2,021 per month, a 10.57% increase from last years average of $1,828.

What is the average apartment size in Palatine?

The typical apartment in Palatine offers about 1,000 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Palatine, IL Rental Market Trends

Q: What's the typical rent budget in Palatine?

The typical rent budget in Palatine ranges from $1,501 to $2,000 per month, with 64% of rentals in this range.

Q: Do most people rent or own in Palatine?

In Palatine, 33% of households rent while 67% own their homes, based on the latest U.S. Census data.

Last updated: October 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Palatine is $2,021, a 10.57% increase compared to the previous year, when the average rent was $1,828.

One-bedroom apartments provide 811 square feet for $1,743, balancing privacy and affordability.

Two-bedroom units at $2,243 offer 1,150 square feet, perfect for roommates or small families.

Average rent in Palatine, IL

Last updated: October 01, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,021	1,000 sq. ft.
Studio	n/a	n/a
1 Bed	$1,743	811 sq. ft.
2 Beds	$2,243	1,150 sq. ft.
3 Beds	n/a	n/a

Palatine, IL rent trends

Rental prices in Palatine, IL have increased by 10.57% over the past year. The average rent moved from $1,828 to $2,021.

What's the typical rent budget in Palatine, IL?

The largest share of rentals in Palatine, IL (64%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Palatine, IL?

8,905 or 33% of the households in Palatine, IL are renter-occupied while 18,398 or 67% are owner-occupied.

How Palatine Compares to Other Cities

City	Average Rent
Palatine	$2,021
Chicago	$2,523
Oak Park	$2,311
Evanston	$2,591
Peoria	$1,185
Aurora	$1,939
Naperville	$2,120
Skokie	$2,160
Rockford	$1,291
Lansing	$1,296
Belleville	$1,198
Carol Stream	$1,669
Schaumburg	$1,944
Highland Park, IL	$2,822
Arlington Heights, IL	$2,041
Glendale Heights, IL	$1,658
Rolling Meadows, IL	$1,783
Des Plaines, IL	$1,910
Mount Prospect, IL	$1,841
Vernon Hills, IL	$2,454
Bensenville, IL	$1,770

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Palatine apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.