Palatine Town, Illinois Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Palatine Town, Illinois rental market.
Palatine Town, Illinois
Average Apartment Rent
$1,916
Y-o-Y Change in Average
Apartment Rent
2.4%
As of March 2026
Compared to a year ago, Palatine Town, Illinois apartments have recorded a 2.4% rent increase.
Palatine Town, Illinois Average apartment rent trend
Palatine Town, Illinois Average Apartment Rent
Palatine Town, Illinois Apartment rent ranges
At 57.05%, apartments priced $1,500 - $2,000 represent the bulk of Palatine Town, Illinois rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.75%.
Palatine Town, Illinois Housing tenure**
Renters take up 33% of Palatine Town, Illinois real estate, occupying a total of 8,640 units, while homeowners live in 17,942 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$62,240
Average household size of renter-occupied housing units**
2.47
Rental vacancy rate**
5.4%
Palatine Town, Illinois Renter-occupied housing units by no. of bedrooms**
There are 4,267 rentals in Palatine Town, Illinois with 2 beds making up the highest share of the market, at 49%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 375 units. Overall, the median number of rooms in Palatine Town, Illinois homes for rent is 4.
Palatine Town, Illinois Renter-occupied units by age of householder**
Most condos for rent in Palatine Town, Illinois are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Palatine Town, Illinois Renter-occupied housing units by family type**
Palatine Town, Illinois Renter-occupied housing units by the presence of own children**
A total of 4,836 apartments for rent in Palatine Town, Illinois, or 56% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 2,678 units. All in all, the median size of a renter-occupied household in Palatine Town, Illinois is 2.47.
Palatine Town, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 38% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Palatine Town, Illinois.
Palatine Town, Illinois Renter-occupied units by year structure built**
The highest share of Palatine Town, Illinois apartment rentals, namely 35% or 3,056 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (21%, 1,798 units), and the ones Built 1990 - 1999 (11%, 960 units).
Palatine Town, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Palatine Town, Illinois renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Palatine Town, Illinois condos for rent is 2018.
Palatine Town, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Palatine Town, Illinois renters have 1 vehicle available per household, 41% of them have 2 vehicles available, and 9% have No vehicle available.
Palatine Town, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Palatine Town, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Palatine Town, Illinois apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
