Cheap Apartments for Rent in Melrose Park, IL from $600 (80 Rentals)

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Search the lowest-cost Apartments available for rent right now in Melrose Park.

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Casa Heritage
Studio to 1 Bedroom Apartments

Casa Heritage

10315 W Palmer AveMelrose Park, IL 60164
  • Utilities Included
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Terrace Apartments
1 to 2 Bedroom Apartments

Terrace Apartments

1829 N Broadway AveMelrose Park, IL 60160
  • Utilities Included
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1450 N 1st Ave
1 to 2 Bedroom Apartments

1450 N 1st Ave

1450 N 1st AveMelrose Park, IL 60160
  • Utilities Included
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1123 N 33rd Ave
1 Bedroom Apartments

1123 N 33rd Ave

1123 N 33rd AveMelrose Park, IL 60160
  • Utilities Included
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11010 W Grand Ave
1 to 2 Bedroom Apartments

11010 W Grand Ave

11010 W Grand AveMelrose Park, IL 60164
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1530 N 1st Ave
1 Bedroom Apartments

1530 N 1st Ave

1530 N 1st AveMelrose Park, IL 60160
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1410 N 1st Ave
2 Bedroom Apartments

1410 N 1st Ave

1410 N 1st AveMelrose Park, IL 60160
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1510 N 1st Ave
2 Bedroom Apartments

1510 N 1st Ave

1510 N 1st AveMelrose Park, IL 60160

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 7234 W North Ave

$1,150 - $1,600

Studio To 1 Bedroom Rentals

Available Now

7234 W North Ave

Elmwood ParkIL60707

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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8925 Grand Ave, Unit BN
$1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350
1 Bedroom Apartment Available Now

8925 Grand Ave, Unit BN

8925 Grand AveRiver Grove, IL 60171
Cost Per Sq.Ft.
property at 7234 W North Ave

$1,380

Total Monthly Price

Total Monthly Price

Base Rent
$1,380

Total Monthly Price
$1,380

1 Bedroom, 1 Bath Condo for Rent

Available Now

7234 W North Ave, Unit 7234

7234 W North Ave
Elmwood ParkIL60707
property at 2435 N 78th Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Condo for Rent

Available Now

2435 N 78th Ave, Unit GN

2435 N 78th Ave
Elmwood ParkIL60707

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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218 S 13th Ave, Unit 2
$1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650
2 Bedroom Apartment Available Now

218 S 13th Ave, Unit 2

218 S 13th AveMaywood, IL 60153
Cost Per Sq.Ft.
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The Maywood Apartments
1 to 2 Bedroom Apartments

The Maywood Apartments

1015-1017 S 4th AveMaywood, IL 60153
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1921 S 17th Ave
1 to 2 Bedroom Apartments

1921 S 17th Ave

1921 S 17th AveBroadview, IL 60155
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Chestnut Villa
Studio to 2 Bedroom Apartments

Chestnut Villa

9403-9407 Chestnut AveFranklin Park, IL 60131
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37 King Arthur Ct
1 Bedroom Apartments

37 King Arthur Ct

37 King Arthur CtNorthlake, IL 60164
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300 Des Plaines Ave
1 Bedroom Apartments

300 Des Plaines Ave

300 Des Plaines AveForest Park, IL 60130
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Elmwood Towers
Studio to 1 Bedroom Apartments

Elmwood Towers

7300 W North AveElmwood Park, IL 60707
Senior Living
  • Utilities Included
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2036 S 13th Ave
1 to 3 Bedroom Apartments

2036 S 13th Ave

2036 S 13th AveBroadview, IL 60155
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1534 Bonnie Brae
1 Bedroom Apartments

1534 Bonnie Brae

1534 Bonnie BraeRiver Forest, IL 60305
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1937 S 17th Ave
Studio to 1 Bedroom Apartments

1937 S 17th Ave

1937 S 17th AveBroadview, IL 60155
  • Utilities Included
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Broadview Apartments
1 Bedroom Apartments

Broadview Apartments

2112 S 17th AveBroadview, IL 60155
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812 S 19th Ave
1 Bedroom Apartments

812 S 19th Ave

812 S 19th AveMaywood, IL 60153
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2110 S 5th Ave
Studio to 1 Bedroom Apartments

2110 S 5th Ave

2110 S 5th AveMaywood, IL 60153
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8111 W Grand Ave
2 to 3 Bedroom Apartments

8111 W Grand Ave

8111 W Grand AveRiver Grove, IL 60171
  • Utilities Included
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1010-1012 S 2nd Ave
Studio to 3 Bedroom Apartments

1010-1012 S 2nd Ave

1010-1012 S 2nd AveMaywood, IL 60153
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102 Rockford Ave
Studio to 1 Bedroom Apartments

102 Rockford Ave

102 Rockford AveForest Park, IL 60130
  • Utilities Included
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8107 W Grand Ave
2 to 3 Bedroom Apartments

8107 W Grand Ave

8107 W Grand AveRiver Grove, IL 60171
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Melrose Park, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Melrose Park Apartments for Rent

 

The cheapest available apartment rental in Melrose Park, IL is a 1 Bed unit found at 2115-2126 S 4th Ave in the Maybrook Square neighborhood priced from $1,205. 227 Des Plaines Ave in the Downtown Oak Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here is today’s list of the most affordable Melrose Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2115-2126 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,205
227 Des Plaines Ave0BR/1.0BAStudio,1BA$1,295
7520 W Grand AveStudioStudio,1BA$1,300
Circle Court1 Bedroom, 1 Bath1BR,1BA$1,495
9565 Franklin AveNew Gut Rehab 1Bed 1Bath1BR,1BA$1,495
404 School St2 Bedroom 1 Bath Apartment2BR,1BA$1,565

Best Value Apartments for Rent in Melrose Park, IL

As of June 11, 2026 the best value apartment in the Melrose Park area is the $1.54 price per square foot 2017 N 72nd Ct Model at 2017 N 72nd Ct, Unit C in the in the Conti Circle neighborhood starting from $2,150. The second greatest value Melrose Park apartment is the 2702 N 74th Ave Model at 2702 N 74th Ave, Unit 2702 N 74th Unit 2 starting at $2,700 with a $1.93 price per square foot in the Dunning neighborhood. Here is today’s list of the best values for Melrose Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2017 N 72nd Ct, Unit C2017 N 72nd Ct3BR,2BA$1.54
2702 N 74th Ave, Unit 2702 N 74th Unit 22702 N 74th Ave3BR,1.5BA$1.93
218 S 13th Ave, Unit 2218 S 13th Ave2BR,1BA$1.57
8925 Grand Ave, Unit BN8925 Grand Ave1BR,1BA$1.50
9565 Franklin AveNew Gut Rehab 1Bed 1Bath1BR,1BA$1.87
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.99
3106 Calwagner St, Unit 23106 Calwagner St1BR,1BA$1.87
2403 N 75th Ct, Unit A2403 N 75th Ct1BR,1BA$1.47
404 School St2 Bedroom 1 Bath Apartment2BR,1BA$2.12
2115-2126 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1.85

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Melrose Park Overview

A bustling suburb of the great city of Chicago, Melrose Park is a historic and charming metro area offering a sound economic base and plenty of natural beauty. Large enough to present much in the way of opportunity yet cozy enough to yield a small town ambiance, Melrose Park is one Illinois hub that is popular with good reason.

Why live in Melrose Park, IL?

With a steady job market thanks to health care and a range of other industries, Melrose Park apartments make a great place to hang your hat. Families will undoubtedly enjoy the close access to area schools, while the call of the greater Chicago arts and entertainment scene makes Melrose Park all the more enticing for younger professionals.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Melrose Park, IL Rentals by Map

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Frequently Asked Questions about Cheap Melrose Park Apartments

What is the Cheapest Studio apartment in Melrose Park?

Currently the most affordable Cheap Studio Apartment in Melrose Park is at 227 Des Plaines Ave listed at $1,295.

How much is rent for a Cheap One Bedroom Melrose Park Apartment?

The lowest price for a Cheap One Bedroom Melrose Park Apartment is $1,205 at 2115-2126 S 4th Ave.

What is the lowest price for a Cheap Two Bedroom Melrose Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melrose Park is starting from $1,565 at 404 School St.

What is the most affordable Melrose Park Three Bedroom Apartment?

The best deal on a cheap Melrose Park Three Bedroom Apartment rental is at Galewood Residences and starts from $4,099.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.