Rent in Palatine, IL
Across Palatine's 6 ZIP codes, a 2-bedroom typically rents for about $1,980 a month, with figures from $1,567–$2,170. The highest typical rent is in 60038 ($2,011) and the lowest in 60074 ($1,869). 5 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Cook County pay about 1.91% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,650 | $1,346–$1,810 | 6 |
| 1 bed | $1,750 | $1,227–$1,920 | 6 |
| 2 beds | $1,980 | $1,567–$2,170 | 6 |
| 3 beds | $2,550 | $1,906–$2,790 | 6 |
| 4 beds | $2,910 | $2,017–$3,190 | 6 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Palatine ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Palatine, IL?
- About $1,980 a month: the median of the typical rents in 6 ZIP codes, which range from $1,567–$2,170. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Palatine, IL?
- About $1,750 a month: the median of the typical rents in 6 ZIP codes, which range from $1,227–$1,920. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Palatine, IL?
- About $2,550 a month: the median of the typical rents in 6 ZIP codes, which range from $1,906–$2,790. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Palatine, IL?
- About $1,650 a month: the median of the typical rents in 6 ZIP codes, which range from $1,346–$1,810. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Palatine, IL?
- About $2,910 a month: the median of the typical rents in 6 ZIP codes, which range from $2,017–$3,190. Figures are gross rent (rent plus tenant-paid utilities).
- Which Palatine ZIP code has the highest rent?
- For a 2-bedroom, 60038 has the highest typical rent at $2,011 a month, and 60074 the lowest at $1,869.
- What is the property tax rate in Palatine, IL?
- Owner-occupied homes in Cook County pay a typical 1.91% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Palatine rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).