Average Rent in Palatine, IL

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Current Versus Historical Palatine, IL Rents

Palatine rentals average $1,600 for a 1-bedroom rental to $4,150 for a 4-bedroom rental. The median price of all currently available listings is $2,100, or roughly $22 per square feet.

For the apartment units and housing in June 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $490 (53.91%) year-over-year from $910 to $1,400. 1-bedroom rentals prices have increased by $56 (3.62%) year-over-year from $1,544 to $1,600. 2-bedroom rentals prices have increased by $338 (18.12%) year-over-year from $1,863 to $2,200. 3-bedroom rentals prices have decreased by $160 (-5.27%) year-over-year from $3,035 to $2,875. 4-bedroom rentals prices have increased by $586 (14.97%) year-over-year from $3,914 to $4,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 2.13% this month. 2-bedroom rents have gone up by 4.39% this month. 3-bedroom rents have gone down by 2.68% this month. 4-bedroom rents have gone up by 16.38% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$25.60	$1,600	$1,544 (3.62%)	$1,312 (21.98%)
2 BR	$22.00	$2,200	$1,863 (18.12%)	$1,817 (21.10%)
3 BR	$19.89	$2,875	$3,035 (-5.27%)	$2,625 (9.52%)
4+ BR	$15.83	$4,500	$3,914 (14.97%)	$3,575 (25.87%)

Historical Rents in Palatine, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Palatine

There are a total of 2 cities nearby Palatine. The average rent in Palatine is currently $2,570 per month. Our records show that Schaumburg, IL, with an average rent of $2,289, is the most affordable city nearby. In contrast, the most expensive city near Palatine, IL is Vernon Hills, IL. Monthly rents here are on average $2,850 per month.

Let's compare Palatine, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 25.56% more affordable. Two bedrooms in Palatine, IL are about 8.93% more affordable. Finally, rent for three bedrooms are about 11.30% more affordable. Want more information? Check out the top 2 cities near Palatine, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,980	$2,300	$2,289
Vernon Hills, IL	N/A	$2,038	$2,275	$2,850

Top Neighborhoods Near Palatine

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Palatine

There are a total of 6 counties located by Palatine, IL. Some of these counties include Palatine, IL, Schaumburg, IL, and Hanover, IL. The average rent for rentals in these counties is $2,397. That's roughly around $24 per sqft. The county that is the most affordable is Palatine, IL. Its average rent per month is $2,289. Vice versa, with an average rent of $2,875, Vernon, IL is the most expensive county by Palatine, IL.

In comparison, rent for one bedroom listings in Palatine, IL is 1.56% more affordable than other counties nearby. Finally, rent for two bedrooms in Palatine, IL is 5.89% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Palatine, IL	N/A	$1,911	$2,450	$2,289
Schaumburg, IL	N/A	$1,650	$2,250	$2,350
Hanover, IL	N/A	$1,395	$2,135	$2,394
Elk Grove, IL	$1,150	$1,600	$2,198	$2,400
Wheeling, IL	$1,300	$1,545	$2,149	$2,595
Vernon, IL	N/A	$1,650	$2,362	$2,875

Top Zipcodes Near Palatine

There is one zipcode in or near Palatine, IL. The average rent for this zipcode is $2,125.

The following table includes the zipcode in or near Palatine, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60016, Des Plaines, IL	$1,200	$1,500	$2,000	$2,125

Frequently Asked Questions - Palatine Average Rents

What is the average rent price in Palatine, IL?

The average monthly rental price for Palatine, IL apartments for rent is approximately $2,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Palatine, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Palatine, IL.

How much is a one bedroom apartment in Palatine, IL?

The average monthly rental price for one bedroom apartments is $1,600 and an average price per square feet of $25.60. There are a total of 10 one bedroom apartment listings currently available for rent in Palatine.

How much is a two bedroom apartment in Palatine, IL?

The average monthly rental price for two bedroom apartments is $2,100 and an average price per square feet of $22.00. There are a total of 21 two bedroom apartment listings currently available for rent in Palatine.

How have rent prices in Palatine, IL changed this year?

Rent prices for rentals in Palatine, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.54%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.18%, three bedroom rental prices have changed by -0.05% year-over-year.

What is a reasonable rent price in Palatine, IL?

A reasonable rent price in Palatine, IL is around $1,680/month. You can search for these reasonably priced rental listings on RentHop.