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Highlights
Pet Friendly
Location
1516 Crimson Ln, Palatine, IL 60074, USA
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Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 1,800 sqft | $1,625 /mo | 1 unit available | Charming 2B/1B Apartment – Palatine, IL Welcome to your new home at 1516 Crimson Ln, Unit 1B, Palatine (60074)! This beautifully renovated apartment offers modern comfort and peaceful pond views in a prime location close to shopping, parks, restaurants, and public transportation. Rent: $1,599 per month Features: Spacious living area Fully equipped kitchen with stainless steel appliances Modern bathroom with stylish fixtures Ample storage Serene pond view Additional Details: Owner pays for water Tenant responsible for electricity Renter's insurance required No smoking Pets allowed (extra cost) Don’t miss out on this beautiful home — contact us today to schedule a viewing! |
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Amenities for 1516 Crimson Lane
Apartment Amenities
| Air Conditioning | Electricity |
| Water |
Appliances
| Dishwasher | Electric Range |
| Range | Refrigrator |
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 6 |
|---|
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About 1516 Crimson Lane
Charming 2B/1B Apartment – Palatine, IL Welcome to your new home at 1516 Crimson Ln, Unit 1B, Palatine (60074)! This beautifully renovated apartment offers modern comfort and peaceful pond views in a prime location close to shopping, parks, restaurants, and public transportation. Rent: $1,599 per month Features: Spacious living area Fully equipped kitchen with stainless steel appliances Modern bathroom with stylish fixtures Ample storage Serene pond view Additional Details: Owner pays for water Tenant responsible for electricity Renter's insurance required No smoking Pets allowed (extra cost) Don’t miss out on this beautiful home — contact us today to schedule a viewing!
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Rent trends in Palatine
2-bedroom apartments at 1516 Crimson Lane cost about 14% less than the average rent price for 2-bedroom apartments in Palatine.
Median rents as of Oct 25 2025.
Palatine
| Month | Median Rent |
|---|---|
| November 2023 | $1,466 |
| December 2023 | $1,420 |
| January 2024 | $1,475 |
| February 2024 | $1,575 |
| March 2024 | $1,480 |
| April 2024 | $1,424 |
| May 2024 | $1,516 |
| June 2024 | $1,522 |
| July 2024 | $1,732 |
| August 2024 | $1,728 |
| September 2024 | $1,511 |
| October 2024 | $1,437 |
| November 2024 | $1,600 |
| December 2024 | $1,662 |
| January 2025 | $1,555 |
| February 2025 | $1,637 |
| March 2025 | $1,648 |
| April 2025 | $1,684 |
| May 2025 | $1,784 |
| June 2025 | $1,698 |
| July 2025 | $1,610 |
| August 2025 | $1,600 |
| September 2025 | $1,645 |
| October 2025 | $1,772 |
Affordability calculator
Can I afford to live at 1516 Crimson Ln?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$65,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $65,000 annually to afford this 2-bedrooms monthly rent price of $1,625.
For more information on rent affordability, visit our rent calculator.
Schools near 1516 Crimson Lane
Lake Louise Elementary School
500 n jonathan dr
palatine, IL, 60074
PK, K-6Public
C+
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Internet available near 1516 Crimson Lane
Getting around Palatine near 1516 Crimson Ln
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1516 Crimson Ln, Palatine
Groceries
4/10
At least one grocery store within a 30-minute walk
Shopping
5/10
Some shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
2/10
No elementary schools within a 30-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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