636 S 13th Ave
MaywoodIL60153
Cheap Homes for Rent in Melrose Park, IL from $1,200 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose Park.
3001 N Thatcher Ave, Unit 2L
3001 N Thatcher Ave
River GroveIL60171
7300 W North Ave, Unit 2B
7300 W North Ave
Elmwood ParkIL60707
7640 Wilcox St
Forest ParkIL60130
2300 N Harlem Ave
ChicagoIL60707
7234 W North Ave, Unit 7234
7234 W North Ave
Elmwood ParkIL60707
29 N Hillside Ave
HillsideIL60162
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.
8910 Grand Ave
River GroveIL60171
3001 N Thatcher Ave, Unit 3M
3001 N Thatcher Ave
River GroveIL60171
3001 N Thatcher Ave, Unit 2M
3001 N Thatcher Ave
River GroveIL60171
3001 N Thatcher Ave, Unit 4G
3001 N Thatcher Ave
River GroveIL60171
2435 N 78th Ave, Unit GN
2435 N 78th Ave
Elmwood ParkIL60707
2310 N Harlem Ave, Unit 504
2310 N Harlem Ave
Elmwood ParkIL60707
7234 W North Ave
Elmwood ParkIL60707
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.
7432 Washington St
Forest ParkIL60130
1301 N Harlem Ave
Oak ParkIL60302
2402 N 76th Ct
Elmwood ParkIL60707
412 School St
MaywoodIL60153
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$1,7252 Bedroom Apartments Available Now
1971 N 19th Ave, Unit 7
1971 N 19th AveMelrose Park, IL 60160
2310 N Harlem Ave, Unit 304
2310 N Harlem Ave
Elmwood ParkIL60707
1112 N Harlem Ave, Unit 2 BR Condo
1112 N Harlem Ave
River ForestIL60305
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.
1112 N Harlem Ave
River ForestIL60305
2333 N Neva Ave
ChicagoIL60707
Showing Results 1-23, Page 1 of 1
Melrose Park, IL Local Guide
How much does it cost to rent a home in Melrose Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose Park 2 Bedroom Homes for Rent | $2,201 | $1,275 | $3,550 |
| Melrose Park 3 Bedroom Homes for Rent | $3,009 | $2,100 | $5,000 |
| Melrose Park 4 Bedroom Homes for Rent | $5,010 | $4,800 | $5,300 |
| Melrose Park 5 Bedroom Homes for Rent | $3,348 | $3,000 | $3,849 |
| Melrose Park 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Melrose Park, IL Local Guide
- Melrose Park Neighborhoods
- Nearby Cities
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Cheapest Available Melrose Park Apartments for Rent
The cheapest available apartment rental in Melrose Park, IL is a Studio unit found at RRK Ventures LLC in the Downtown Oak Park neighborhood priced from $1,295. 7520 W Grand Ave in the Dunning neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Melrose Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RRK Ventures LLC | 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 |
| 404 School | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,565 |
| 516 Des Plaines Ave. | 1 Bedroom | 1BR,1BA | $1,629 |
Best Value Apartments for Rent in Melrose Park, IL
As of July 06, 2026 the best value apartment in the Melrose Park area is the $1.89 price per square foot 2702 N 74th Ave Model at 2702 N 74th Ave, Unit 2702 N 74th Unit 2 in the in the Dunning neighborhood starting from $2,650. The second greatest value Melrose Park apartment is the 1712 N 35th Ave Model at 1712 N 35th Ave, Unit 2 starting at $2,000 with a $1.67 price per square foot in the West Cook 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. |
|---|---|---|---|
| 2702 N 74th Ave, Unit 2702 N 74th Unit 2 | 2702 N 74th Ave | 3BR,1.5BA | $1.89 |
| 1712 N 35th Ave, Unit 2 | 1712 N 35th Ave | 3BR,1BA | $1.67 |
| 817 N 23rd Ave, Unit Apt 5 | 817 N 23rd Ave | 3BR,1BA | $1.86 |
| 2136 N 74th Ct | 2136 N 74th Ct | 1BR,1BA | $1.53 |
| Premier Luxury Apartments | 1 Bed - Plus | 1BR,1BA | $2.01 |
| 7226 W Belden Ave, Unit 2 | 7226 W Belden Ave | 2BR,1BA | $2.00 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.99 |
| 7700 W Altgeld St, Unit 3 | 7700 W Altgeld St | 1BR,1BA | $1.37 |
| 2037 S 15th Ave, Unit 1N | 2037 S 15th Ave | 1BR,1BA | $1.60 |
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 Article
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 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.
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Explore Melrose Park, IL Rentals by Map
See the most popular apartments and homes in Melrose Park, IL
Frequently Asked Questions about Melrose Park
What type of rentals are currently available in Melrose Park?
There are currently 803 Apartments for Rent in Melrose Park, IL with pricing that ranges from $1,000 to $12,225. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Park ranging from $1,275 to $5,300.
What is the current price range for Rental Homes in Melrose Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose Park ranges from $1,275 to $5,300 with an average monthly rent of $2,768.
How much are larger Three and Four Bedroom Rentals in Melrose Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose Park range from $1,850 to $10,858, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $5,000. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $2,500.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.