Average Rent in Palatine, IL

Palatine rentals average $1,495 for a 1-bedroom rental to $3,000 for a 3-bedroom rental. The median price of all currently available listings is $2,088, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $460 (-95.63%) year-over-year from $481 to $21. 1-bedroom rentals prices have increased by $157 (12.14%) year-over-year from $1,291 to $1,448. 2-bedroom rentals prices have increased by $325 (20.97%) year-over-year from $1,550 to $1,875. 3-bedroom rentals prices have increased by $925 (39.76%) year-over-year from $2,325 to $3,250. 4-bedroom rentals prices have decreased by $267 (-6.40%) year-over-year from $4,167 to $3,900. 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 down by 0.10% this month. 2-bedroom rents have gone up by 2.27% this month. 3-bedroom rents have gone up by 5.41% this month. 4-bedroom rents have gone up by 8.38% this month.