Palatine Rent Trends
Chicago, IL · August 2026 · median asking rents from leased listings
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
- Median asking rent
- $2,151
- Effective rent
- $2,028
- Vs. Chicago median
- -15%
- Avg days to lease
- 18
- Active rentals now
- 85
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
1 bedroom
$1,957
— YoY · as of August 2026
2 bedroom
$2,202
— YoY · as of August 2026
3+ bedroom
$2,181
— YoY · as of August 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
Palatine renting, answered
- What is the average rent in Palatine?
- As of August 2026, the median asking rent in Palatine is $2,151 per month, based on 128 leased listings. By size, the median is $1,957 for a 1 bedroom and $2,202 for a 2 bedroom.
- Is Palatine more expensive than Chicago overall?
- Palatine's median asking rent is 15% below the Chicago citywide median of $2,535.
- How quickly do rentals lease in Palatine?
- Over the last 90 days, rentals in Palatine leased in an average of 18 days, with 85 active listings on the market right now.
Beyond the numbers
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