505 W Melrose Street Apartments

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

505 W Melrose St
Chicago, IL 60657
(224) 412-4195
505 W Melrose Street in Chicago, IL - Building Photo
  • Studio–1 Bedrooms
  • $1,750-$2,250Pricing
  • 500–700Square Feet

Rent Specials

Sign a lease in 24 to 48 hours only!~~Sign a lease in 24 to 48 hours only!

Ask Us About Our Specials

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 to 1 Bedroom apartments starting from $1,750 and having 500–700 sq ft. Here is the current pricing and availability:

  • Studio

    Studio

    From $1,750

    Studio, 1 Bath, 500-600 sq ft
    Available Jan 15, 2026

    Availability Details

    PriceAvailability DateUnitSq Ft
    From $1,750January 15, 2026Studio500-600 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 January 15, 2026

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,750 January 15, 2026504600

    Unit 504 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 504 Rent and Fees

    Unit Price

    • $1,750
  • 1 Bedroom

    1BR/1.0BA

    From $2,250

    1 Bed, 1 Bath, 700 sq ft
    Available January 15, 2026

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,250 January 15, 2026503700

    Unit 503 Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Granite Countertops
    • Stainless Steel Appliances

    Living Space

    • Hardwood Floors
    • Tile Floors

    Unit 503 Rent and Fees

    Unit Price

    • $2,250

    Model Rent and Fees

    Model Price Range

    • $2,150 - $2,250
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. Use the calculator to add these fees to the base rent.

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

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

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 to 1 Bedroom Apartments at 505 W Melrose Street currently range from $1,750 to $2,250

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

Are there any rent specials?

The current rent special at 505 W Melrose Street is: Sign a lease in 24 to 48 hours only!~~Sign a lease in 24 to 48 hours only!.

Lifestyle Ratings

  • Affordability Good Value3.6

    The 505 W Melrose Street Apartments are 10.65% more expensive than the average apartment in the Lakeview area, and 7.5% cheaper than the average apartment city-wide.

    Rent Comparison to the Lakeview Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$1,750$1,495+$25517.1%
    1 Bedroom$2,150$2,064+$864.2%

    Rent Comparison to the city of Chicago

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$1,750$1,886-$136-7.2%
    1 Bedroom$2,150$2,332-$182-7.8%

    Methodology: On 11/26/2025, ApartmentHomeLiving.com compared current rents by floorplan to 3157 other apartment communities in the immediate area around 505 W Melrose Street (Lakeview), and 19560 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 11/26/2025

  • 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 $1,095
View Rentals
Studio to 5 Bedroom Apartments from $795
View Rentals
Studio to 5 Bedroom Apartments from $795
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Chicago Studio Apartments $1,886$550$7,500
Chicago 1 Bedroom Apartments $2,332$725$10,000+
Chicago 2 Bedroom Apartments $2,865$850$10,000+
Chicago 3 Bedroom Apartments $3,460$788$10,000+
Chicago 4 Bedroom Apartments $3,977$1,040$10,000+
Chicago 5 Bedroom Apartments $7,061$2,500$10,000+
Chicago 6 Bedroom Apartments $15,699$4,795$10,000+

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Viewing: 505 W Melrose Street | Desktop Version | Listing Updated: 11/18/2025 | AHLGLD