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Cheap Apartments for Rent in Melrose Park, IL from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose Park.
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414 W Walnut St
MaywoodIL60153
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$1,1001 Bedroom Apartment Available Now
1725 Madison St, Unit 2nd floor
1725 Madison StMaywood, IL 60153
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156 Des Plaines Ave
Forest ParkIL60130
7441 Randolph St
Forest ParkIL60130
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$1,175 - $1,475Studio to 1 Bedroom Apartments Available Now
7520 W Grand Ave
7520 W Grand AveElmwood Park, IL 60707
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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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Showing Results 1-33, 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 | $1,432 | $995 | $1,750 |
| Cheap Melrose Park 1 Bedroom Apartments | $1,653 | $1,100 | $2,200 |
| Cheap Melrose Park 2 Bedroom Apartments | $2,291 | $1,350 | $3,571 |
| Cheap Melrose Park 3 Bedroom Apartments | $2,897 | $1,950 | $6,802 |
| Cheap Melrose Park 4 Bedroom Apartments | $4,150 | $3,400 | $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 1010 S 2nd Ave in the Downtown Maywood neighborhood priced from $1,030. 7520 W Grand Ave in the Dunning neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here is today’s list of the most affordable Melrose Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1010 S 2nd Ave | Studio Apartment | Studio,1BA | $1,030 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,175 |
| 2110 S 5th Ave | Studio Apartment | Studio,1BA | $1,210 |
| 2115 S 4th Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,260 |
| 516 Des Plaines Ave. | Studio | Studio,1BA | $1,285 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1,350 |
| RRK Ventures LLC | 1BR/1.0BA | 1BR,1BA | $1,375 |
| 37 Rockford Ave. | 37 Rockford 1 Bedroom | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Melrose Park, IL
As of September 14, 2025 the best value apartment in the Melrose Park area is the $1.43 price per square foot 2725 N 75th Ave Model at 2725 N 75th Ave, Unit 2nd floor in the in the Dunning neighborhood starting from $2,000. The second greatest value Melrose Park apartment is the 2318 N 72nd Ct Model at 2318 N 72nd Ct, Unit 2 starting at $2,000 with a $1.48 price per square foot in the Conti Circle 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. |
|---|---|---|---|
| 2725 N 75th Ave, Unit 2nd floor | 2725 N 75th Ave | 3BR,1.5BA | $1.43 |
| 2318 N 72nd Ct, Unit 2 | 2318 N 72nd Ct | 3BR,1.5BA | $1.48 |
| Premier Luxury Apartments | 2 Bed | 2BR,2BA | $2.05 |
| 1125 Bohland Ave, Unit 1 | 1125 Bohland Ave | 3BR,1BA | $1.92 |
| 2000 N 17th Ave, Unit Unit 1 | 2000 N 17th Ave | 3BR,1BA | $1.67 |
| 8624 Fullerton Ave | 2BD/1BA | 2BR,1BA | $1.65 |
| 1535 Bonnie Brae Pl, Unit 5 | 1535 Bonnie Brae Pl | 1BR,1BA | $1.84 |
| 404 School St | 2 Bedroom Apartment | 2BR,1BA | $2.02 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.80 |
| 1725 Madison St, Unit 2nd floor | 1725 Madison St | 1BR,1BA | $1.57 |
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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 1010 S 2nd Ave 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 $1,260 at 2115 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 $1,400 at 8624 Fullerton 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 $3,250.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.