Rentometer, Inc. | Data as of 10/22/2025
Palatine, Illinois, offers a balanced rental landscape that appeals to a wide range of tenants, from young professionals to growing families. The cityâs wellâconnected location near major highways and the Metra rail line makes commuting to Chicago convenient, while its own vibrant downtown, historic Main Street, and a variety of local eateries create a lively, selfâcontained community. Residents also enjoy easy access to the expansive Palatine Forest Preserve, which provides yearâround outdoor activities such as hiking, biking, and fishing, enhancing the overall quality of life.
Housing options in Palatine span modern apartments and spacious singleâfamily homes. Oneâbedroom apartments typically fall in the $1500s, making them attractive for individuals or couples seeking a comfortable urban setting. Twoâ and threeâbedroom apartments trend toward the $2000 and $2500 ranges, respectively, offering ample space for small families or roommates. For those preferring a house, twoâbedroom units are generally priced in the $2000 range, while threeâbedroom homes move into the $3000 bracket, and larger fourâplus bedroom homes often sit in the $3500 range. These price tiers reflect the cityâs mix of newer developments and wellâmaintained older properties, ensuring a variety of styles and floor plans to suit different preferences.
Beyond housing, Palatineâs neighborhoods each have distinct characterâfrom the familyâfriendly atmosphere of the Dead Horse Creek area to the upscale feel of the Olde Palatine district, where historic architecture meets contemporary amenities. Cultural attractions such as the Palatine Historical Society, local farmers markets, and seasonal festivals add a welcoming community vibe, while nearby shopping centers and the Bensenville Speedway provide additional entertainment options. Together, these features create a dynamic rental market that balances affordability, convenience, and a strong sense of community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,495 | $1,640 | $568 - $2,075 | $1,375 - $1,695 |
| Apartment | 2 Bedroom | $1,964 | $1,905 | $1,650 - $2,400 | $1,846 - $2,095 |
| Apartment | 3 Bedroom | $2,562 | $2,500 | $2,151 - $3,100 | $2,450 - $3,100 |
| House | 2 Bedroom | $2,062 | $2,075 | $1,700 - $2,400 | $1,850 - $2,400 |
| House | 3 Bedroom | $3,041 | $2,950 | $2,150 - $4,500 | $2,600 - $3,300 |
| House | 4+ Bedroom | $3,582 | $3,550 | $2,600 - $4,800 | $3,200 - $3,750 |
In the current period, the average rent in Palatine was
$1,496 for 1 Bedroom,
$1,980 for 2 Bedroom,
$2,962 for 3 Bedroom, and
$3,505 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.