Rental market snapshot for Palatine, Illinois

Palatine, Illinois Rental Property Market Overview

Palatine, Illinois is a vibrant and diverse community located in the northwest suburbs of Chicago. With a population of 66,321 as of 2021 according to the US Census, Palatine is the seventh largest community in Cook County. It is home to a variety of businesses, restaurants, and entertainment venues, as well as a number of parks and recreational areas. Palatine is a great place to live, work, and play.

The average rent for an apartment in Palatine is $1,786. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Palatine Illinois | Cost of Living

  • The most expensive ZIP code in Palatine is 60067 with an average price of $2,084.
  • The cheapest ZIP code in Palatine is 60074 with an average price of $1,827.

Palatine ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160067$2,084
260074$1,827

Live near Palatine, Illinois's Top Sights and Attractions

Osage Park is a sprawling outdoor recreation area located in the suburbs of northern Illinois. It features a variety of activities, including a large lake with a beach, a playground, picnic areas, a disc golf course, and a nature trail. There are also several sports fields, including baseball, soccer, and softball, as well as a skate park and a BMX track. The park is a popular destination for families, with plenty of open space to explore and plenty of activities to keep everyone entertained.

Plum Grove Reservoir Park is a scenic outdoor destination located in the suburbs of northern Illinois. It features a large lake surrounded by lush greenery, making it a great spot for a peaceful stroll or a picnic. The park also offers a variety of recreational activities, including fishing, boating, and bird watching. There are also several trails for hiking and biking, as well as a playground for children. Visitors can also take advantage of the park's many amenities, such as restrooms, picnic tables, and grills.

Tom T Hamilton Park is a sprawling outdoor recreation area located in a suburban area of Illinois. It features a large lake, walking trails, picnic areas, playgrounds, and a variety of sports fields. The park also has a large pavilion, which is perfect for hosting events such as weddings and family reunions. The park is surrounded by lush trees and vegetation, providing a peaceful and tranquil atmosphere. Visitors can also enjoy fishing, boating, and other water activities on the lake.

Twin Lakes Recreational Area is a popular outdoor destination located in the northern suburbs of Chicago. It features two large lakes, a beach, and plenty of recreational activities. Visitors can enjoy swimming, fishing, boating, and picnicking. There are also several hiking trails, a playground, and a disc golf course. The area is also home to a variety of wildlife, including birds, turtles, and frogs. The park is open year-round and offers a variety of special events throughout the year.

Celtic Park is a large outdoor recreational area located in the suburbs of Chicago. It features a variety of activities for visitors of all ages, including a large playground, walking trails, a fishing pond, and a picnic area. The park also has a large pavilion, which can be rented for events such as weddings and birthday parties. Additionally, the park hosts a variety of festivals and events throughout the year, including a Celtic Festival and a St. Patrick's Day celebration.

Falcon Park is a beautiful outdoor space located in a suburban area. It features a large pond, walking paths, and plenty of open green space for visitors to enjoy. There are also several playgrounds, a picnic area, and a gazebo. The park is a popular spot for families, joggers, and nature lovers alike.

Brichwood Park is a sprawling outdoor oasis located in the suburbs of Illinois. It features a variety of recreational activities, including a large playground, a fishing pond, a walking path, and a picnic area. The park also has a large open field, perfect for playing sports or flying kites. With its lush green grass and mature trees, this park is a great place to relax and enjoy nature.

Community Park is a sprawling outdoor recreation area located in a suburban area. It features a variety of activities for all ages, including a large playground, a skate park, a disc golf course, a fishing pond, a walking path, and a picnic area. The park also has several sports fields, including baseball, softball, and soccer fields, as well as a basketball court and a sand volleyball court. The park is also home to a variety of events throughout the year, such as concerts, festivals, and outdoor movies.

Margreth Riemer Reservoir is a picturesque lake located in a suburban area. It is a popular spot for fishing, boating, and other outdoor activities. The reservoir is surrounded by lush greenery and a variety of wildlife, making it a great spot for nature lovers. There are also plenty of picnic tables and benches for visitors to enjoy a meal or just relax and take in the scenery.

Community Park is a sprawling outdoor recreation area located in a suburban area. It features a variety of activities for all ages, including a large playground, a skate park, a disc golf course, a fishing pond, a walking path, and a picnic area. The park also has several sports fields, including baseball, softball, and soccer fields, as well as a basketball court and a sand volleyball court. The park is also home to a variety of events throughout the year, such as concerts, festivals, and outdoor movies.

Palatine, Illinois area median rent change by ZIP code map

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How does Palatine compare to other cities in Illinois?

citymedian price
Frankfort$2,608
Addison$2,445
Summit$2,190
Braidwood$2,140
Bellwood$1,895
Woodstock$1,745
Lakemoor$1,595

Average household income in Palatine area graph - US Census

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The median household income in Palatine in 2021 was $86,415. This represents a 17.1% change from 2011 when the median was $73,811.

#categorypercent
0Less than $10,0002.8%
1$10,000 to $14,9991.6%
2$15,000 to $19,9993.1%
3$20,000 to $24,9993.1%
4$25,000 to $29,9993.0%
5$30,000 to $34,9994.2%
6$35,000 to $39,9993.1%
7$40,000 to $44,9994.3%
8$45,000 to $49,9993.8%
9$50,000 to $59,9996.4%
10$60,000 to $74,9999.1%
11$75,000 to $99,99912.4%
12$100,000 to $124,99912.0%
13$125,000 to $149,9997.4%
14$150,000 to $199,99911.7%
15$200,000 or more11.9%

Neighborhoods in Palatine

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Palatine is $1,786.
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