Cheap Homes for Rent in Melrose Park, IL from $1,000 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in Melrose Park.

property at 2124 14th Ave

2124 14th Ave

BroadviewIL60155
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
property at 2617 N 74th Ave

2617 N 74th Ave

Elmwood ParkIL60707
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Melrose Park, IL Local Guide

Cheapest Available Melrose Park Apartments for Rent

 

The cheapest available apartment rental in Melrose Park, IL is a Studio unit found at 2115 S 4th Ave in the Maybrook Square neighborhood priced from $1,035. 7520 W Grand Ave in the Dunning neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,225. Here is today’s list of the most affordable Melrose Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2115 S 4th AveStudio ApartmentStudio,1BA$1,035
7520 W Grand AveStudioStudio,1BA$1,225
1530 N 1st Ave1BD/1BA1BR,1BA$1,250
2110 S 5th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,375
RRK Ventures LLC1BR/1.0BA1BR,1BA$1,375

Best Value Apartments for Rent in Melrose Park, IL

As of November 09, 2025 the best value apartment in the Melrose Park area is the $1.39 price per square foot 7660 Adams St Model at 7660 Adams St, Unit 1 in the in the Downtown Oak Park neighborhood starting from $1,950. The second greatest value Melrose Park apartment is the 2BD/2BA Model at Large 2 Bedroom Apartment with Heated Garage starting at $2,490 with a $1.78 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 ListingModel NameBed/BathPrice Per Sq.Ft.
7660 Adams St, Unit 17660 Adams St3BR,1BA$1.39
Large 2 Bedroom Apartment with Heated Garage2BD/2BA2BR,2BA$1.78
425 N Maple Ave, Unit 2425 N Maple Ave2BR,1BA$1.73
1619 N 35th Ave, Unit 11619 N 35th Ave3BR,1.5BA$1.75
1125 Bohland Ave, Unit 11125 Bohland Ave3BR,1BA$1.92
7226 W Belden Ave, Unit 27226 W Belden Ave2BR,1BA$1.94
2624 N 75th Ave, Unit Elmwood Apartment2624 N 75th Ave1BR,1BA$1.53
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.90
1750 Riverwoods Dr, Unit 1091750 Riverwoods Dr1BR,1BA$1.75
3106 Calwagner St, Unit B3106 Calwagner St1BR,1BA$1.93

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Melrose Park

What type of rentals are currently available in Melrose Park?

There are currently 808 Apartments for Rent in Melrose Park, IL with pricing that ranges from $1,150 to $8,561. There are also 99 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Park ranging from $1,050 to $5,000.

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 $1,050 to $5,000 with an average monthly rent of $2,409.

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 $1,900 to $8,561, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $3,400.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.