
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.

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.

7520 W Grand Ave

156 Des Plaines Ave

9919 W Roosevelt Rd

443 22nd Ave, Unit bellwood

7310 W North Ave, Unit 2B

3109 Calwagner St, Unit 1W

3112 Calwagner St
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.

9521 Franklin Ave
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.

Forest Park Apartments Bldg 1
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.
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
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 | $2,142 | $1,175 | $4,079 |
Cheap Melrose Park 1 Bedroom Apartments | $2,358 | $1,100 | $4,872 |
Cheap Melrose Park 2 Bedroom Apartments | $2,472 | $1,280 | $6,273 |
Cheap Melrose Park 3 Bedroom Apartments | $3,244 | $1,895 | $7,090 |
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

- 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 $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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
1010 S 2nd Ave | Studio Apartment | Studio,1BA | $995 |
7520 W Grand Ave | Studio | Studio,1BA | $1,175 |
8519 West Grand Avenue | 1BR/1.0BA | 1BR,1BA | $1,200 |
2115 S 4th Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,205 |
37 Rockford Ave. | 37 Rockford 1 Bedroom | 1BR,1BA | $1,325 |
Circle Court | 1 Bedroom, 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Grove Luxury Townhomes | Woodlawn | 4BR,3.5BA | $2.13 |
2017 N 72nd Ct, Unit 2 | 2017 N 72nd Ct | 3BR,2BA | $1.65 |
2000 N 17th Ave, Unit 1 | 2000 N 17th Ave | 3BR,1BA | $1.92 |
1125 Bohland Ave, Unit 1 | 1125 Bohland Ave | 3BR,1BA | $1.92 |
1914 N 18th Ave, Unit 3 | 1914 N 18th Ave | 2BR,1BA | $1.32 |
2036 N 72nd Ct, Unit 1 | 2036 N 72nd Ct | 2BR,1BA | $1.55 |
443 22nd Ave, Unit bellwood | 443 22nd Ave | 2BR,1BA | $1.42 |
Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.80 |
8519 West Grand Avenue | 1BR/1.0BA | 1BR,1BA | $2.00 |
2115 S 4th Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $2.06 |
Quick 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
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 $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.

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.

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.

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.

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.