Last updated
Average Rent in Palatine, IL & Rent Trends
Rent prices and market trends across 3 apartment communities in Palatine, IL. Updated daily.
Market Average
$1,949/mo
Lowest Available
$1,491/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
10
available now
Price Cuts This Week in Palatine, IL
8 listed units across 1 building offering 1 bed units in Palatine, IL dropped their asking rent in the past 7 days, an average cut of $1,036/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Deer Park Crossing | Unit 2 | $4,687 | $2,560 | $2,127 |
| Deer Park Crossing | Unit 1 | $4,264 | $2,262 | $2,002 |
| Deer Park Crossing | Unit 10 | $4,510 | $3,436 | $1,074 |
| Deer Park Crossing | Unit 9 | $4,073 | $3,018 | $1,055 |
| Deer Park Crossing | Unit 8 | $3,536 | $2,528 | $1,008 |
| Deer Park Crossing | Unit 7 | $3,018 | $2,248 | $770 |
| Deer Park Crossing | Unit 16 | $5,245 | $5,055 | $190 |
| Deer Park Crossing | Unit Hollington | $4,083 | $4,020 | $63 |
Rent by Neighborhood in Palatine, IL
Compare average rent across Palatine, IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Deer Park 60010 | $3,660 | ▲ $80 | $2,248 | 1 | 16 |
| Palatine 60067 | $1,795 | ▲ $8 | $1,491 | 2 | 13 |
Is Rent Going Up or Down in Palatine, IL?
As of September 2026, the average rent in Palatine, IL is $1,949 per month across 3 apartment communities and 10 available units.
The most affordable option is The Clayson starting at $1,491/mo. By unit type, a 1-bedroom averages $1,949/mo.
Prices range from $1,491 to $2,560 per month. The most common price point is the $1,600 range, where 5 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Palatine, IL
Rent Prices by Apartment in Palatine, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Clayson | $1,491/mo | $1,491/mo | 1 | 3.5 |
| The Gates of Deer Grove Apartment Homes | $1,620/mo | $1,681/mo | 5 | 3.7 |
| Deer Park Crossing | $2,248/mo | $2,400/mo | 4 | 4.8 |
Frequently Asked Questions About Rent in Palatine, IL
What is the average rent in Palatine, IL?
Is rent going up or down in Palatine, IL?
What is the cheapest apartment in Palatine, IL?
How much is a 1-bedroom apartment in Palatine, IL?
How many apartments are available in Palatine, IL?
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
$78,000/year
Based on the 30 percent rule, using our tracked average rent of $1,949/mo.
Comfortable income
$94,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,491/mo), you need to earn at least $60,000/year.
Median household income in Palatine, IL is $95,950 , about 3% 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) | $1,949 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,570/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
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
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
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
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.
Google Search Trends for Palatine, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Palatine, IL Apartments
Browse all 3 communities with daily-updated pricing and availability.