505 W Melrose Street Apartments

Verified
This is a CoStar Verified® Listing

505 W Melrose Street in Chicago, IL is verified by CoStar’s® proprietary screening and fraud detection process, so you can shop and rent with confidence on ApartmentHomeLiving.com. Always protect yourself when shopping online.

505 W Melrose St, Chicago, IL 60657
(224) 412-4195
Check Availability

Photos

Contact

505 W Melrose Street

505 W Melrose St
Chicago, IL 60657
(224) 412-4195
505 W Melrose Street in Chicago, IL - Building Photo
  • Studio Bedrooms
  • $1,750-$1,800Pricing
  • 500–600Square Feet

About 505 W Melrose Street

Brand-New Apartments in the Heart of Lakeview East! Live in a newly renovated building just steps from shopping, dining, and the lakefront. The property features a newly updated lobby and front entry doors for a modern, welcoming feel. Kitchens include granite countertops, modern cabinetry, LG gas ranges, built-in microwaves, dishwashers, and stylish tile finishes throughout. Updated bathrooms feature walk-in showers with sliding glass doors, white marble floors, and modern vanities. Apartments are bright and inviting with large windows, recessed lighting, refinished hardwood floors, new doors, and in-unit washer/dryer (in select units). Located on a quiet street in Lakeview East, this building boasts a 92 Walk Score — close to Belmont Harbor, public transit, and Lake Shore Drive. Enjoy peaceful living while staying near great restaurants, shops, and entertainment. Highlights: - Studios & 1-bedrooms - In-unit laundry (select units) - Gated parking available - Central heat & A/C units provided - No security deposit, soft credit check - Utility fee covers gas, water, sewer & trash (tenants pay only for electricity and internet).

505 W Melrose Street is located in the Lakeview Neighborhood and 60657 Zip code of Chicago, IL. This community is professionally managed by Langdon Partners

Property Contact Info

Floorplan Pricing and Availability

505 W Melrose Street offers Studio apartments starting from $1,750 and having 500–600 sq ft. Here is the current pricing and availability:

    • Studio

      Studio

      From $1,750

      Studio, 1 Bath, 500-600 sq ft
      Available Nov 1

      Availability Details

      PriceAvailability DateUnitSq Ft
      From $1,750November 1, 2025Studio500-600 sq ft

      Model Amenities and Features

      Features

      • Air Conditioning
      • Ceiling Fans
      • Heating
      • Washer/Dryer

      Kitchen

      • Dishwasher
      • Granite Countertops
      • Ice Maker
      • Island Kitchen
      • Pantry
      • Stainless Steel Appliances

      Living Space

      • Hardwood Floors

      Model Rent and Fees

      Model Price Range

      • $1,750 - $1,800

      $1,750

      More 0 bedroom units

      Studio, 1 Bath, 600 sq ft
      Available Nov 1

      Availability Details

      PriceAvailability DateUnitSq Ft
      $1,750 November 1, 2025406600

      Unit 406 Amenities and Features

      Features

      • Air Conditioning
      • Ceiling Fans
      • Heating
      • Washer/Dryer

      Kitchen

      • Dishwasher
      • Granite Countertops
      • Island Kitchen
      • Stainless Steel Appliances

      Living Space

      • Hardwood Floors
      • Tile Floors

      Unit 406 Rent and Fees

      Unit Price

      • $1,750
    Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

    Schedule a Tour

    Schedule a Tour
    Call us at: (224) 412-4195 to schedule a tour.

    Property Information

    • 41 Units
    • 5 Stories
    • Built in 1975

    Lease Terms

    • 12 months

    Fees and Policies

    The fees below are based on community-supplied data and may exclude additional fees and utilities.

    Required Fees

    One-Time Move-In Fees

    Due at Move-In
    Move-In FeeiNo security deposit. Non-refundable move-in fee of $399.$399

    Pet Policy and Fees

    Cats

    • 2 Pet Limit
    • $50 Monthly Pet Rent
    • $250 Fee
    • 100 Lb Weight Limit
    Restrictions:

    Dogs

    • 2 Pet Limit
    • $50 Monthly Pet Rent
    • $250 Fee
    • 100 Lb Weight Limit
    Restrictions:

    Parking Info and Fees

    Coveredi$225/month for covered parking.
    • $225/Mo
    Surface Loti$175/month for uncovered parking.
    • $175/Mo

    Features and Amenities

    On-Site Services

    • Property Manager On Site
    • 24 Hour Access
    • Laundry Facilities

    Community Features

    • Elevator

    Outdoor Features

    • Waterfront
    • Controlled Access

    Recreation and Fitness

    • Walking/Biking Trails

    Interior Features

    • Heating
    • Tub/Shower
    • Ceiling Fans
    • Washer/Dryer
    • Air Conditioning

    Kitchen Amenities

    • Dishwasher
    • Microwave
    • Oven
    • Pantry
    • Range
    • Refrigerator
    • Island Kitchen
    • Quartz Countertops
    • Disposal
    • Freezer
    • Stainless Steel Appliances
    • Ice Maker
    • Kitchen
    • Granite Countertops

    Living Area Features

    • Vinyl Flooring
    • Family Room
    • Hardwood Floors
    Google Map

    Map

    505 W Melrose St, Chicago, IL 60657

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    Monday9:00 am–5:00 pm
    Tuesday9:00 am–5:00 pm
    Wednesday9:00 am–5:00 pm
    Thursday9:00 am–5:00 pm
    Friday9:00 am–5:00 pm
    SaturdayBy Appointment
    SundayBy Appointment

    Getting Around

    Walk Score®

    92 / 100

    Walker’s Paradise

    Daily errands do not require a car

    Bike Score®

    89 / 100

    Very Bikeable

    Biking is convenient for most trips

    Transit Score®

    76 / 100

    Excellent Transit

    Transit is convenient for most trips

    Frequently Asked Questions about 505 W Melrose Street

    Where is 505 W Melrose Street located?

    505 W Melrose Street is located at 505 W Melrose St near the Lakeview area of Chicago, IL

    What is the current rent range at 505 W Melrose Street?

    Studio at 505 W Melrose Street currently start from $1,750. Call today for more info!

    When is the leasing office open?

    • The office Hours for 505 W Melrose Street are
    • Monday 9:00 am–5:00 pm
    • Tuesday 9:00 am–5:00 pm
    • Wednesday 9:00 am–5:00 pm
    • Thursday 9:00 am–5:00 pm
    • Friday 9:00 am–5:00 pm
    • Saturday By Appointment
    • Sunday By Appointment

    Are pets allowed?

    Call us today to find out our pet policy and if we allow pets

    Lifestyle Ratings

    • Affordability Good Value3.6

      The 505 W Melrose Street Apartments are 15.6% more expensive than the average apartment in the Lakeview area, and 6.4% cheaper than the average apartment city-wide.

      Rent Comparison to the Lakeview Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      Studio$1,750$1,514+$23615.6%

      Rent Comparison to the city of Chicago

      FloorplanLowest Price HereCity Average RentCost Difference%
      Studio$1,750$1,869-$119-6.4%

      Methodology: On 10/11/2025, ApartmentHomeLiving.com compared current rents by floorplan to 1504 other apartment communities in the immediate area around 505 W Melrose Street (Lakeview), and 8470 other apartment communities in Chicago using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

      Rent Pricing Data as of 10/11/2025

    • Transit Friendly 3.2

      Transit Friendly apartments feature a fantastic location and great access to local mass transit.

    Learn more about Lifestyle Search

    Renters Reviews and Ratings

    4.0
    0 Renters Reviews
    ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

    Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

    Nearby Schools

    Nettelhorst Elementary School

    Chicago Public Schools
    3252 North Broadway
    Public School - Grades PK-8 (625 Students)
    In Attendance Zone1 minute drive / 0.1 miles away
    9/10

    Lake View High School

    Chicago Public Schools
    4015 North Ashland Avenue
    Public School - Grades 9-12 (1417 Students)
    In Attendance Zone5 minute drive / 1.7 miles away
    3/10
    School data provided by GreatSchools.
    details
    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 scale of 1 (below average) and 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 needs as part of the school selection process.

    About GreatSchools Data on ApartmentHomeLiving.com.

    Points of Interest

    Time and distance from 505 W Melrose Street.

    Arts Museums and Landmarks

    Wrigley Field

    1060 W Addison St
    2 minute drive / 0.98 miles away

    Peggy Notebaert Nature Museum

    2430 N. Cannon Drive
    3 minute drive / 1.01 miles away

    Steppenwolf Theatre

    1650 North Halsted Street
    5 minute drive / 1.99 miles away

    Big Box and Retail

    Walgreens

    3201 N Broadway St
    1 minute drive / 0.21 miles away

    Aldi

    4500 N Broadway
    5 minute drive / 1.86 miles away

    Menards

    2601 N Clybourn Ave
    5 minute drive / 1.87 miles away

    Colleges and Universities

    DePaul University - Lincoln Park Campus

    55 E Jackson
    3 minute drive / 1.33 miles away

    City College of Chicago, Harry S. Truman - Harry S. Truman Campus

    1145 West Wilson Avenue
    5 minute drive / 1.95 miles away

    DeVry University-Illinois

    3300 North Campbell Avenue
    5 minute drive / 2.67 miles away

    Groceries

    Jewel-Osco

    3531 N Broadway St
    1 minute drive / 0.57 miles away

    Trader Joe's

    667 W Diversey Pky
    1 minute drive / 0.61 miles away

    Whole Foods

    3628-3650 N Halsted St
    2 minute drive / 0.77 miles away

    Hospitals

    Presence Saint Joseph Hospital - Chicago

    2900 North Lake Shore Drive
    1 minute drive / 0.46 miles away

    Advocate Illinois Masonic Medical Center

    836 West Wellington Avenue
    1 minute drive / 0.65 miles away

    Thorek Memorial Hospital

    850 W Irving Park Rd
    3 minute drive / 1.15 miles away

    Hotspots

    Supernatural Chicago

    632 N. Dearborn
    6 minute drive / 3.25 miles away

    Parks and Recreation

    Oak Street Beach

    1000 North Lake Shore Drive
    5 minute drive / 2.7 miles away

    Wendella Boats

    400 North Michigan Avenue
    7 minute drive / 3.59 miles away

    Funhouse Maze

    600 E. Grand Avenue
    8 minute drive / 3.8 miles away

    505 W Melrose Street has 5 parks within 5.3 miles, including Oak Street Beach, Wendella Boats, Funhouse Maze, Millennium Park, and Shedd Aquarium.

    Restaurants and Dining

    Soprano's Italian Restaurant

    2901 N Sheffield Ave
    2 minute drive / 0.8 miles away

    Margie's Candies

    1960 N Western Ave
    6 minute drive / 2.9 miles away

    Dick's Last Resort

    435 E Illinois
    7 minute drive / 3.6 miles away

    Shopping Centers

    Broadway Street Center

    3139-3145 N Broadway St
    1 minute drive / 0.23 miles away

    European Walk Shopping Center

    3300-3332 N Broadway St
    1 minute drive / 0.29 miles away

    3030 North Broadway

    3030 N Broadway St
    1 minute drive / 0.31 miles away

    505 W Melrose Street has 5 shopping centers within 0.5 miles.

    Transit Stations

    Belmont Station (Brown, Purple, Red Lines)-Red Line

    945 W. Belmont Ave.
    2 minute drive / 0.69 miles away

    Belmont Station (Brown, Purple, Red Lines)-Brown Line

    945 W. Belmont Ave.
    2 minute drive / 0.69 miles away

    Belmont Station (Brown, Purple, Red Lines)-Purple Line

    945 W. Belmont Ave.
    2 minute drive / 0.69 miles away

    Nearby Neighborhoods

    Studio to 4 Bedroom Apartments from $1,025
    View Rentals
    Studio to 5 Bedroom Apartments from $1,025
    View Rentals
    Studio to 5 Bedroom Apartments from $1,025
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Chicago Studio Apartments $1,869$575$8,000
    Chicago 1 Bedroom Apartments $2,324$750$10,000+
    Chicago 2 Bedroom Apartments $2,920$825$10,000+
    Chicago 3 Bedroom Apartments $3,523$788$10,000+
    Chicago 4 Bedroom Apartments $3,838$650$10,000+
    Chicago 5 Bedroom Apartments $10,061$2,700$10,000+
    Chicago 6 Bedroom Apartments $15,982$1,795$10,000+

    Browse Top Apartments in Chicago

    Viewing: 505 W Melrose Street | Desktop Version | Listing Updated: 10/07/2025 | AHLGLD