Palatine Apartments and Rentals

According to data from the U.S. Census Bureau, Palatine's population was 68,557 in 2010. This growing Chicago suburb is located in the heart of the northwestern suburban area and serves as a focal point for numerous suburban activities and organizations. Young families, Chicago-area professionals, senior citizens and young singles can all find their ideal apartment in Palatine.

Palatine was incorporated in 1866, having developed around the Chicago and Northwestern railroad station. In the century to follow, Palatine's population would boom, catapulting it from a small rail town to a large and busy suburb. Palatine's plethora of housing opportunities make it a great place to call home: Those searching for Palatine apartments for rent should be able to find the perfect rental to meet their needs.

Palatine residents are proud of their city's history, as well as its ability to move forward. For a glimpse into the city's past, residents and visitors can stop by the George Clayson House, an 1873 residence listed on the National Register of Historic Places, and the Clayson House Museum, which houses more than 1,000 historic artifacts from early Palatine. 

To catch a glimpse of the city's future, residents need only make the trip into the city's town center. Since 1999, downtown Palatine has undergone numerous renovations and additions, recreating a traditional town center with a number of shops, restaurants, bars and other places to enjoy an evening out. Downtown Palatine's redevelopment has included the addition of 975 residential units, 93,000 square feet of commercial space and 120,000 square feet of office space. The prominence of multi-unit properties is welcome news to those looking for Palatine, Illinois, rentals.

Palatine is home to Harper College, where nearly 7,000 full-time students are enrolled each year. Oakton Community College, Universal Technical Institute of Illinois, Elmhurst College and College of Lake County are all located within 20 miles of Palatine, giving recent high school graduates a tremendous amount of opportunity to learn while living close to home.

Palatine's Comprehensive Annual Financial Report listed Palatine School District, Township School District, UPS, USPS, Square D Company, Schneider Electric and DiMucci Construction as some of its top employers in 2011. Many residents commute to other Chicago suburbs or downtown Chicago itself on a daily basis.

Palatine's cost of living was close to the national average in 2012, coming in at 104.6 on the cost of living index. The average cost of living index in the United States is 100. New residents will want to note the 9.25 percent sales tax, which is high compared to most suburban areas.

Rentals make up 28 percent of Palatine's residential properties, while 72 percent of housing units are owner-occupied. The median gross rent in Palatine was only $998, according to data from the U.S. Census Bureau.

The city of Palatine offers its residents numerous fun events throughout the year. Each year, residents flock to Palatine's Annual Downtown Palatine Street Fest, which showcases fantastic food, music and games. Other Palatine events include art and craft nights, community movie nights and farmers markets.

Palatine's suburban status puts it in close proximity to many other communities and their own events. Palatine is close to many other northwest suburbs, including Rolling Meadows, Arlington Heights, Hoffman Estates and Barrington.

If you are looking for an apartment for rent or a house rental in Palatine, Ill., search for rental properties at Rent.com®.