The Lakes of Schaumburg Apartment Homes
801 Belinder Ln,
Schaumburg, IL 60173
$1,670 - $4,176
1-2 Beds
Palatine
Palatine, IL Area Guide
Enjoy easy access to Chicago from this thriving, family-friendly suburb
Suburb
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Commuter
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Golf
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Public Transportation
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Metra
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Rail Service
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College
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Parks
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Nature
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Outdoors
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Safe
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Low Crime
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Schools
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Family-Friendly
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Palatine is a large, suburban village located about 35 miles northwest of Chicago. Offering a direct line into the city via Metrarail service, it’s a popular home base for Chicago-area commuters; the exceptional public schools and low crime rate also make the area a great choice for families.
The center of town around the intersection of Palatine Road and Plum Grove Road is alive with activity, hosting a collective of specialty shops, coffeehouses, restaurants, and other popular hangouts. Grab a coffee at Christies on your way to the station in the morning, stop into Schnell’s for dinner and a drink in the evening, or swing by Mac’s On Slade to see a band play on the weekend. Harper College sits on the south end of town, serving thousands of students from around the region. The local rental market includes everything from budget-friendly apartments to upscale condos and houses, serving the needs of Palatine’s diverse population.
Rent Trends
As of March 2026, the average apartment rent in Palatine, IL is $1,216 for a studio, $1,639 for one bedroom, $1,943 for two bedrooms, and $2,323 for three bedrooms. Apartment rent in Palatine has increased by 1.8% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,639/month
771 Sq Ft
House
$2,403/month
1,167 Sq Ft
Condo
$1,964/month
767 Sq Ft
Townhome
$2,851/month
1,102 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Palatine, IL is for everyday living.
Somewhat Walkable
58
/ 100
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Minimal Transit
1
/ 100
You'll likely want a car when living in this area since it has few transit options.
Bikeable
56
/ 100
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Scores provided by Walk Score
Schools
Hunting Ridge Elementary School
Public
Grades K-5
Marion Jordan Elementary School
Public
Grades K-5
Public
Grades PK-5
Public
Grades PK-5
Public
Grades K-5
Public
Grades 9-12
Public
Grades 9-12
Public
Grades K-12
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Camp Reinberg
- Deer Grove
- Baker's Lake Nature Preserve
- Buffalo Creek
- Northern Illinois Raptor Center
Military Bases
Airports
- Chicago O'Hare International
- Chicago Midway International
Top Apartments in Palatine
Houses for Rent in Palatine
Property Management Companies in Palatine, IL
Greystar
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3,491
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960,072
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895
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Morgan Properties
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108,446
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239
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2 Communities in Palatine
Bayshore Properties
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20
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7,902
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17
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2 Communities in Palatine
The Finger Companies
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13
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4,692
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3
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2 Communities in Palatine
Willow Bridge
-
715
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198,674
Units
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340
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1 Community in Palatine
RPM
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625
Communities
-
174,401
Units
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249
Cities
1 Community in Palatine
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.