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 $1,576. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 10.0% over the past year.
Last Updated April 22, 2023
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
Average monthly rent graph in Palatine Illinois | Cost of Living
- The most expensive ZIP code in Palatine is 60074 with an average price of $1,995
- The cheapest ZIP code in Palatine is 60074 with an average price of $1,400
Palatine ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 60074 | $1,995 |
| 2 | 60067 | $1,700 |
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
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
How does Palatine compare to other cities in Illinois ?
| city | median price |
|---|---|
| Urbana | $1,100 |
| Savoy | $1,130 |
| Itasca | $1,945 |
| Oswego | $2,000 |
| Bensenville | $2,550 |
| Flossmoor | $3,125 |
| Highwood | $1,925 |
| Lisle | $1,719 |
| Midlothian | $1,989 |
| Riverdale | $1,085 |
Average household income in Palatine area graph - US Census
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
The median household income in Palatine in 2021 was $86,415. This represents a 18.6% change from 2011 when the median was $72,882.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 2.8% |
| 1 | $10,000 to $14,999 | 1.6% |
| 2 | $15,000 to $19,999 | 3.1% |
| 3 | $20,000 to $24,999 | 3.1% |
| 4 | $25,000 to $29,999 | 3.0% |
| 5 | $30,000 to $34,999 | 4.2% |
| 6 | $35,000 to $39,999 | 3.1% |
| 7 | $40,000 to $44,999 | 4.3% |
| 8 | $45,000 to $49,999 | 3.8% |
| 9 | $50,000 to $59,999 | 6.4% |
| 10 | $60,000 to $74,999 | 9.1% |
| 11 | $75,000 to $99,999 | 12.4% |
| 12 | $100,000 to $124,999 | 12.0% |
| 13 | $125,000 to $149,999 | 7.4% |
| 14 | $150,000 to $199,999 | 11.7% |
| 15 | $200,000 or more | 11.9% |
