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Cheap Apartments for Rent in Melrose Park, IL from $600 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose Park.
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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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2132 N Harlem Ave
Elmwood ParkIL60707
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$1,225 - $1,475Studio to 1 Bedroom Apartments Available Now
7520 W Grand Ave
7520 W Grand AveElmwood Park, IL 60707
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5607 St Charles Rd
BerkeleyIL60163
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$1,4001 Bedroom Apartment Available Now
3106 Calwagner St, Unit 2
3106 Calwagner StFranklin Park, IL 60131
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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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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Studio to 1 Bedroom Apartments
Forest Park Apartments Bldg 1
303 Des Plaines AveForest Park, IL 60130
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Studio to 2 Bedroom Apartments
2115 S 4th Ave 2122 and 2125 S 4th Ave Maywood, IL 60153
2115-2126 S 4th AveMaywood, IL 60153
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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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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Showing Results 1-42, Page 1 of 1
Melrose Park, IL Local Guide
Downtown Melrose Park by Dennisyerger84 is licensed under CC BY 4.0
How much does it cost to rent an apartment in Melrose Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Melrose Park Studio Apartments | $1,487 | $1,100 | $1,924 |
| Cheap Melrose Park 1 Bedroom Apartments | $1,755 | $950 | $2,513 |
| Cheap Melrose Park 2 Bedroom Apartments | $2,393 | $1,350 | $3,643 |
| Cheap Melrose Park 3 Bedroom Apartments | $3,401 | $1,800 | $9,873 |
| Cheap Melrose Park 4 Bedroom Apartments | $4,900 | $4,800 | $5,000 |
Browse Top Apartments in Melrose Park
See all Apartments in Melrose ParkExplore Melrose Park
Melrose Park, IL Local Guide
Written By:
Justin HabersaatEditing Staff
- Melrose Park Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Melrose Park Apartments for Rent
The cheapest available apartment rental in Melrose Park, IL is a Studio unit found at 2110 S 5th Ave Maywood, IL 60153 in the Maybrook Square neighborhood priced from $1,030. 2115 S 4th Ave 2122 and 2125 S 4th Ave Maywood, IL 60153 in the Maybrook Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Melrose Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2110 S 5th Ave Maywood, IL 60153 | Studio Apartment | Studio,1BA | $1,030 |
| 2115 S 4th Ave 2122 and 2125 S 4th Ave Maywood, IL 60153 | Studio Apartment | Studio,1BA | $1,050 |
| 1530 N 1st Ave | 1BD/1BA | 1BR,1BA | $1,150 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,225 |
| 1010 S 2nd Ave Maywood, IL 60153 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,260 |
| 2109 S 5th Ave | 2 Bedroom 1.5 Bath Apartment | 2BR,1BA | $1,285 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1,475 |
Best Value Apartments for Rent in Melrose Park, IL
As of December 18, 2025 the best value apartment in the Melrose Park area is the $1.53 price per square foot 7131 W Altgeld St Model at 7131 W Altgeld St, Unit FL1 in the in the Dunning neighborhood starting from $2,599. The second greatest value Melrose Park apartment is the 2BD/2BA Model at Large 2 Bedroom Apartment with Heated Garage starting at $2,490 with a $1.78 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 7131 W Altgeld St, Unit FL1 | 7131 W Altgeld St | 3BR,2BA | $1.53 |
| Large 2 Bedroom Apartment with Heated Garage | 2BD/2BA | 2BR,2BA | $1.78 |
| 7660 Adams St, Unit 1 | 7660 Adams St | 3BR,1BA | $1.39 |
| 8306 Grand Ave, Unit 1S | 8306 Grand Ave | 2BR,1.5BA | $1.75 |
| 1619 N 35th Ave, Unit 1 | 1619 N 35th Ave | 3BR,1.5BA | $1.75 |
| 1125 Bohland Ave, Unit 1 | 1125 Bohland Ave | 3BR,1BA | $1.92 |
| 1205 N Harlem Ave, Unit 10 | 1205 N Harlem Ave | 1BR,1BA | $1.82 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.97 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
| 2109 S 5th Ave | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.77 |
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
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleA 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
Read ArticleQuick Rent Budget Calculator
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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
See the most popular apartments and homes in Melrose Park, IL
Getting Around Melrose Park, IL
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
31 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 2110 S 5th Ave Maywood, IL 60153 listed at $1,030.
How much is rent for a Cheap One Bedroom Melrose Park Apartment?
The lowest price for a Cheap One Bedroom Melrose Park Apartment is $1,150 at 1530 N 1st 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 $1,285 at 2109 S 5th Ave.
What is the most affordable Melrose Park Three Bedroom Apartment?
The best deal on a cheap Melrose Park Three Bedroom Apartment rental is at The Grove Residences and starts from $3,450.
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
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.
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.
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.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.