Average rent in Palatine, Chicago
The median asking rent in Palatine is $1,815 a month and the average is $1,876, based on 43 apartments available in 1 building as of September 21, 2026. By size, the median is $1,679 for a 1 bedroom, $1,978 for a 2 bedroom.
That is 34% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Palatine rent by apartment size
| Size | Median | Average | Range | Avg sq ft | Available |
|---|---|---|---|---|---|
| 1 bedroom | $1,679 | $1,683 | $1,598–$1,815 | 767 | 15 |
| 2 bedroom | $1,978 | $1,980 | $1,658–$2,465 | 1,016 | 28 |
| All sizes | $1,815 | $1,876 | 43 |
Asking rent is the listed monthly price before any move-in special. Only apartments available right now are counted. See how we measure rent.
How Palatine compares
| Neighborhood | Median | Studio | 1 bedroom | 2 bedroom |
|---|---|---|---|---|
| Palatine | $1,815 | n/a | $1,679 | $1,978 |
| West Loop | $2,813 | $2,360 | $2,889 | $4,116 |
| River North | $3,070 | $2,577 | $2,994 | $4,413 |
| South Loop | $2,856 | $2,378 | $2,755 | $3,495 |
| Streeterville | $3,206 | $2,654 | $3,079 | $4,502 |
| Gold Coast | $2,584 | $2,089 | $2,624 | $4,418 |
| Fulton Market | $3,271 | $2,476 | $3,177 | $4,407 |
| The Loop | $2,873 | $2,415 | $3,006 | $4,317 |
| Old Town | $3,129 | $2,605 | $3,084 | $4,354 |
| Uptown | $2,195 | $1,750 | $2,385 | $3,593 |
| Lakeshore East | $3,101 | $2,499 | $3,111 | $4,450 |
Frequently asked
What is the average rent in Palatine?
The median asking rent in Palatine is $1,815 a month and the average is $1,876, based on 43 apartments available in 1 building as of September 21, 2026. By size, the median is $1,679 for a 1 bedroom, $1,978 for a 2 bedroom.
How much is a 1 bedroom apartment in Palatine?
The median asking rent for a 1 bedroom in Palatine is $1,679 a month, ranging from $1,598 to $1,815 across 15 available units, with an average size of 767 square feet.
How much is a 2 bedroom apartment in Palatine?
The median asking rent for a 2 bedroom in Palatine is $1,978 a month, ranging from $1,658 to $2,465 across 28 available units, with an average size of 1,016 square feet.
Is Palatine more expensive than the rest of Chicago?
The median asking rent in Palatine is $1,815. That is 34% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Where do these numbers come from?
Precise Rent reads each building's own published pricing and availability every morning and afternoon. These figures count only apartments that are available right now, at the listed monthly price before any move-in special.