21 Hours Ago
Highlights
Pet Friendly
Location
1516 Crimson Ln, Palatine, IL 60074, USA
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Property Overview
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space
Great for
Pet owners
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! |
Let's explore this property.
Amenities for 1516 Crimson Lane
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!
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 1516 Crimson Lane is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1516 Crimson Lane has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
1516 Crimson Lane offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 1516 Crimson Lane is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1516 Crimson Lane is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 1516 Crimson Lane does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
1516 Crimson Lane provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
1516 Crimson Lane is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1516 Crimson Lane compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 905 sqft larger than other listings nearby
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- Lacks images
- Fewer than 10 photos available for this location
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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 Nov 1 2025.
Palatine
| Month | Median Rent |
|---|---|
| November 2023 | $1,500 |
| 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 |
| November 2025 | $1,700 |
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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