Median rent for residential apartments in as of Nov, 2019.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
59 Palatine apartments for rent
Palatine
Palatine, IL has a population of 69,098, including 66% white, 19% latino, and 12% asian.
| Population | 69,098 |
| Median Age | 37.5 |
| Poverty Rate | 10% |
| Median Income (Household) | $75,066 |
| Number Of Employees | 36,680 |
| Median Property Value | $265,800 |
City Overview
The median household income in Palatine, IL is around $75,066, while the median age is 37.5. This city is a home to major universities: Associate's Colleges: Mixed Transfer/Career & Technical-High Nontraditional, Associate's Colleges, and Harper College. 36,680 employees work in Palatine, IL. The homeownership rate among the residents is 68.35%. The median property value that you should keep in mind is $265,800.
Business & Economy
Wage by Common Jobs
Average salary: $50,416
- 1. Retail salespersons$64,705
- 2. Elementary & middle school teachers$62,369
- 3. Secretaries & administrative assistants$51,236
- 4. Nursing, psychiatric, & home health aides$44,981
- 5. Cashiers$28,792
Employment by Occupations
Employment by Industries
Demographics
Race & Ethnicity
Non-English Speakers
Education
Past year Palatine, IL universities awarded around 10,971 degrees. Statistics show that the population of students in Palatine, IL include 1,572 male students and 2,085 female students. Palatine, IL offers private and public tuition with a median cost of $0 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Harper College with the majority of graduates. The n/a and n/a hold the second and the third place respectively. The share of the public colleges in Palatine, IL is 100% and n/a% go to the private colleges.
Universities
- 1. Harper College3,657 graduates
Public vs Private
- Public0%
- Private100%
Health and Safety
The age groups that most likely have the health care coverage in Palatine, IL are 25-34 years old for men and 6-17 years old for women. Palatine, IL offers a 94 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 85 to 1, speaking of mental health doctors ratio, it’s 203 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 94 |
| Dentists | 1 to 85 |
| Mental Health | 1 to 203 |
| Other | 1 to 55 |
Transportation
Commute Time
Average travel time: 26.93 minutes
- USA
- Palatine, IL
Commuter Transportation
- USA
- Palatine, IL
Housing Trends
Palatine, IL, USA Housing Trends
Average rent in Palatine: $1,755 (-0.1%)
| Rent Price | Nov | vs Last Month |
|---|---|---|
| 1 bed rentals | $1,146 | +2.5% |
| 2 bed rentals | $1,496 | -2.5% |
| 3 bed rentals | $2,218 | +3.6% |
| 4+ bed rentals | $2,909 | -0.8% |
| Rent Type Price | Nov | vs Last Month |
|---|---|---|
| Townhouse rentals | $1,555 | +1.7% |
| Apartment rentals | $1,280 | -3.4% |
| House rentals | $3,083 | -0.5% |
| Loft rentals | $2,500 | +0% |
Over the Dec 2019, the average rent for an apartment in/near Palatine, IL decreased by 0.1% to $1757. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 2.5% to $1146. Pricing for 2-bed apartment also decreased by 2.6% and a place of this size will now cost you $1535. 3-bed apartment rent pricing starts at $2141, it increased by 3.5% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 0.8% and made it down to $2909.
The median rent for an apartment in Palatine, IL decreased by 3.5% to $1324. Statistics show that house rent price decreased by 0.5% this month making it up to $3099. The median rent for a loft did not face significant changes this time, it now still goes for $2500.
Rent vs Own
- Rent68%
- Own32%
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