Average Rent in Palatine, IL
What is the average rent in Palatine, IL?
The average listed apartment rent in Palatine, IL is $1,727 per month, as of November 6, 2026. This sample includes 14 priced apartments in 1 building. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
1 apartment buildings, 14 units. Recorded asking prices and price history where available.
Browse apartments in Palatine, ILAvg Rent
$1,727/mo
median $1,655
market average
Cheapest
$1,565/mo
The Gates of Deer Grove Apartment Homes
Properties
1
tracked daily
Units
14
available now
Palatine, IL Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 1 properties in Palatine, IL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Palatine, IL Rent Prices
All 1 properties ranked by lowest available rent.
The Gates of Deer Grove Apartment Homes
125 W Dundee Rd, Palatine, IL 60074, USA
The Clayson
860 W Panorama Dr, Palatine, IL 60067, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | The Gates of Deer Grove Apartment Homes 125 W Dundee Rd, Palatine, IL 60074, USA | $1,565 | $1,727 | $2.26/ft² | 3.7 (47) | 14 |
| 2 | The Clayson 860 W Panorama Dr, Palatine, IL 60067, USA | $1,663 as of Oct 27 | $1,663 | $2.38/ft² | 3.5 (394) | 1 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
By Area
Palatine, IL neighborhoods
Tracked buildings across 2 named neighborhoods. Pick one to see its apartments.
Palatine, IL Average Rent Prices 2026
The average listed rent in Palatine, IL is $1,727 per month, based on 14 units across 1 apartment communities. Prices range from $1,565 at The Gates of Deer Grove Apartment Homes to $1,915 at The Gates of Deer Grove Apartment Homes.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,635/mo | $1,635/mo | 2 |
| 1 Bed | $1,631/mo | $1,565/mo | 7 |
| 2 Bed | $1,899/mo | $1,885/mo | 5 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in Palatine, IL, and what they pay
Tracked one-bedroom rent in Palatine, IL averages $1,631/mo , with two-bedroom units averaging $1,899/mo. At the local median household income of $95,950, that works out to 22% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Palatine, IL at $1,467/mo. The current tracked market average runs 18% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Palatine, IL while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Palatine, IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$69,000/year
Based on the 30 percent rule, using our tracked average rent of $1,727/mo.
Comfortable income
$83,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,565/mo), you need to earn at least $63,000/year.
Median household income in Palatine, IL is $95,950 , about 16% above the comfortable-living threshold.
Cost of living in Palatine, IL
Overall prices in Palatine, IL runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Palatine, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,727 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,348/mo |
Population
66,548
Median household income
$95,950
Census median rent
$1,467/mo
Census rent burden
30.1%
Median age
39.6
Mean commute
28 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Illinois
How Palatine, IL rent compares to other markets in the state.
| City | Avg Rent | vs Palatine, IL | 30-Day Change | Properties |
|---|---|---|---|---|
| Chicago, IL | $2,996 | +73% | -0.3% | 36 |
| Aurora, IL | $2,094 | +21% | +1.3% | 15 |
| Schaumburg, IL | $2,447 | +42% | -1.3% | 13 |
| Naperville, IL | $2,427 | +41% | +3.1% | 12 |
| Rockford, IL | $1,327 | -23% | -2.3% | 12 |
| Evanston, IL | $3,100 | +80% | +0.8% | 11 |
Frequently asked questions
What is the average rent in Palatine, IL?
The average listed apartment rent in Palatine, IL is $1,727 per month, as of November 6, 2026. This sample includes 14 priced apartments in 1 building. These are tracked asking prices, not signed leases.
What is the median rent in Palatine, IL?
The median asking rent in Palatine, IL is $1,655 per month, computed from 14 priced listings; check the observation dates shown on this page. The average is $1,727/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Palatine, IL?
The lowest available rent in Palatine, IL starts at $1,565 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in Palatine, IL?
1-bedroom apartments in Palatine, IL average $1,631/mo. The lowest listed 1-bedroom starts at $1,565/mo across 7 units tracked.
How much is a 2-bedroom apartment in Palatine, IL?
2-bedroom apartments in Palatine, IL average $1,899/mo. Units start from $1,885/mo across 5 units currently listed.
Rent Trends in Palatine, IL
Track how apartment prices are changing over time.
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