Foreclosure Homes in Palos Park, IL

Buyer vs Seller Market in Palos Park, IL

Median home value: $555,181 as of 2026-05-14.

Median rent: $2,440 as of 2026-05-14.

Home values: +2.38% MoM, +8.55% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Rent Prices In Palos Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palos Park, IL, is on a rollercoaster ride. The average rent price in Palos Park, IL, is $2,436.00. Indeed, when looking to rent in Palos Park, IL, you can expect to pay as little as $1,450.00 or as much as $4,960.00, with the average rent median estimated to be $2,440.00. The good news is that finding an affordable and desirable property to rent in Palos Park, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.