
Cheap Apartments for Rent in Melrose Park, IL from $600 (80 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose Park.


1213 34th Ave

Casa Heritage

Terrace Apartments

1450 N 1st Ave

1123 N 33rd Ave

11010 W Grand Ave

1530 N 1st Ave

1410 N 1st Ave

1510 N 1st Ave
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.

Total Monthly Price
7542 Adams St, Unit 307

2104-2108 S 17th Ave, Unit 2108-GE

7542 Adams St, Unit 4M

Total Monthly Price
2403 N 75th Ct, Unit A

7234 W North Ave

3001 N Thatcher Ave, Unit 3L

3001 N Thatcher Ave, Unit 2L

7300 W North Ave, Unit 2B

7300 W North Ave, Unit 4E

7300 W North Ave, Unit 5B
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.

7520 W Grand Ave

Total Monthly Price
8925 Grand Ave, Unit BN

7234 W North Ave, Unit 7234

3106 Calwagner St, Unit 2

3001 N Thatcher Ave, Unit 2M

3001 N Thatcher Ave, Unit 3M

8714 W Fullerton Ave

Circle Court

2435 N 78th Ave, Unit GN

2242 73rd Ave
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.

218 S 13th Ave, Unit 2

Total Monthly Price
218 S 13th Ave, Unit 2

2300 N Harlem Ave, Unit 606

The Maywood Apartments

1921 S 17th Ave

Chestnut Villa

37 King Arthur Ct

300 Des Plaines Ave

Elmwood Towers

2036 S 13th Ave
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.

1534 Bonnie Brae

1937 S 17th Ave

Broadview Apartments

812 S 19th Ave

2110 S 5th Ave

8111 W Grand Ave

1010-1012 S 2nd Ave

102 Rockford Ave

8107 W Grand Ave

2108 S 17th Ave
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

How much does it cost to rent an apartment in Melrose Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Melrose Park Studio Apartments | $1,545 | $995 | $1,999 |
| Cheap Melrose Park 1 Bedroom Apartments | $2,047 | $1,250 | $2,544 |
| Cheap Melrose Park 2 Bedroom Apartments | $2,772 | $1,600 | $3,444 |
| Cheap Melrose Park 3 Bedroom Apartments | $3,921 | $2,000 | $10,000+ |
| Cheap Melrose Park 4 Bedroom Apartments | $11,913 | $10,000 | $10,000+ |
Browse Top Apartments in Melrose Park
See all Apartments in Melrose ParkExplore Melrose Park
Melrose Park, IL Local Guide

- 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2115-2126 S 4th Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,205 |
| 227 Des Plaines Ave | 0BR/1.0BA | Studio,1BA | $1,295 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,300 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1,495 |
| 9565 Franklin Ave | New Gut Rehab 1Bed 1Bath | 1BR,1BA | $1,495 |
| 404 School St | 2 Bedroom 1 Bath Apartment | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2017 N 72nd Ct, Unit C | 2017 N 72nd Ct | 3BR,2BA | $1.54 |
| 2702 N 74th Ave, Unit 2702 N 74th Unit 2 | 2702 N 74th Ave | 3BR,1.5BA | $1.93 |
| 218 S 13th Ave, Unit 2 | 218 S 13th Ave | 2BR,1BA | $1.57 |
| 8925 Grand Ave, Unit BN | 8925 Grand Ave | 1BR,1BA | $1.50 |
| 9565 Franklin Ave | New Gut Rehab 1Bed 1Bath | 1BR,1BA | $1.87 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.99 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
| 2403 N 75th Ct, Unit A | 2403 N 75th Ct | 1BR,1BA | $1.47 |
| 404 School St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $2.12 |
| 2115-2126 S 4th Ave | 1 Bedroom 1 Bath Apartment | 1BR,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.
Read ArticleBest 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 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 ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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
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

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

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.

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.

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.

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.