Cheap Apartments for Rent in Melrose Park, IL from $600 (42 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
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Terrace Apartments
1 Bedroom Apartments

Terrace Apartments

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

1450 N 1st Ave

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

1123 N 33rd Ave

1123 N 33rd AveMelrose Park, IL 60160
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11010 W Grand Ave
2 Bedroom Apartments

11010 W Grand Ave

11010 W Grand AveMelrose Park, IL 60164
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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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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.

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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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 Bedroom Apartments

1921 S 17th Ave

1921 S 17th AveBroadview, IL 60155
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Chestnut Villa
1 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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2036 S 13th Ave
1 to 3 Bedroom Apartments

2036 S 13th Ave

2036 S 13th AveBroadview, IL 60155
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1937 S 17th Ave
Studio to 1 Bedroom Apartments

1937 S 17th Ave

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

Broadview Apartments

2112 S 17th AveBroadview, IL 60155
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8111 W Grand Ave
2 to 3 Bedroom Apartments

8111 W Grand Ave

8111 W Grand AveRiver Grove, IL 60171
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102 Rockford Ave
1 Bedroom Apartments

102 Rockford Ave

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

8107 W Grand Ave

8107 W Grand AveRiver Grove, IL 60171
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1534 Bonnie Brae
1 Bedroom Apartments

1534 Bonnie Brae

1534 Bonnie BraeRiver Forest, IL 60305
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37 Rockford Ave.
Studio to 1 Bedroom Apartments

37 Rockford Ave.

37 Rockford AveForest Park, IL 60130
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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7406 Randolph St.
2 Bedroom Apartments

7406 Randolph St.

7406 Randolph StForest Park, IL 60130
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3001 N Thatcher Ave
Studio to 1 Bedroom Apartments

3001 N Thatcher Ave

3001 N Thatcher AveRiver Grove, IL 60171
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7300 W North Ave
Studio to 1 Bedroom Apartments

7300 W North Ave

7300 W North AveElmwood Park, IL 60707
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8624 Fullerton Ave
2 Bedroom Apartments

8624 Fullerton Ave

8624 Fullerton AveRiver Grove, IL 60171
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516 Des Plaines Ave.
Studio Apartments

516 Des Plaines Ave.

516 Des Plaines AveForest Park, IL 60130
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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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2115 S 4th Ave
1 Bedroom Apartments

2115 S 4th Ave

2115-2126 S 4th AveMaywood, IL 60153
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1010 S 2nd Ave
Studio Apartments

1010 S 2nd Ave

1010-1012 S 2nd AveMaywood, IL 60153
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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 Studio unit found at 1010 S 2nd Ave in the Downtown Maywood neighborhood priced from $995. 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 ListingModel NameBed/BathPriced From
1010 S 2nd AveStudio ApartmentStudio,1BA$995
7520 W Grand AveStudioStudio,1BA$1,175
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1,200
2115 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,205
37 Rockford Ave.37 Rockford 1 Bedroom1BR,1BA$1,325
Circle Court1 Bedroom, 1 Bath1BR,1BA$1,350

Best Value Apartments for Rent in Melrose Park, IL

As of July 03, 2025 the best value apartment in the Melrose Park area is the $2.13 price per square foot Woodlawn Model at The Grove Luxury Townhomes in the in the Dunning neighborhood starting from $4,800. The second greatest value Melrose Park apartment is the 2017 N 72nd Ct Model at 2017 N 72nd Ct, Unit 2 starting at $2,150 with a $1.65 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Grove Luxury TownhomesWoodlawn4BR,3.5BA$2.13
2017 N 72nd Ct, Unit 22017 N 72nd Ct3BR,2BA$1.65
2000 N 17th Ave, Unit 12000 N 17th Ave3BR,1BA$1.92
1125 Bohland Ave, Unit 11125 Bohland Ave3BR,1BA$1.92
1914 N 18th Ave, Unit 31914 N 18th Ave2BR,1BA$1.32
2036 N 72nd Ct, Unit 12036 N 72nd Ct2BR,1BA$1.55
443 22nd Ave, Unit bellwood443 22nd Ave2BR,1BA$1.42
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.80
8519 West Grand Avenue1BR/1.0BA1BR,1BA$2.00
2115 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$2.06

Quick 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

View MapMelrose Park, IL Apartments MapView MapMelrose Park, IL Rental Homes Map

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

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 $995.

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

The lowest price for a Cheap One Bedroom Melrose Park Apartment is $1,200 at 8519 West Grand Avenue.

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 $2,598 at Premier Luxury Apartments.

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

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.

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.