Palatino is one of the 7 hills of Rome and is considered to be the part where the original Rome was founded. According to Roman mythology, the Palatine Hill was the location of the cave, where Romulus and Remus were found by the she-wolf that kept them alive. Their grandfather had left them there to die. Recent excavations show that people have indeed lived there since approximately 1000 BC.
In the Roman times Palatino was Rome's most exclusive neighbourhood where the emperors lived in unabashed luxury. The emperor Augustus lived here all his life and some of the buildings from those times can still be seen, like the residence of Livia, the wife of Augustus.
Palatine hill is located in the central part of the city, close to other major touristic attractions such as the Roman Forum. Both of these sites serve now as open museums and attract lots of visitors. One ticket allows you to enter Palatino, the roman forum and the Colosseum as well.
The Palatine Hill is located between the river Tiber and the Colosseum. The Colosseum metro station is the closest one.
Entrance fee to the Palatino comes at 12e, but it also includes admissions to the Roman Forum and the Colosseum.