
Cheap Homes for Rent in Melrose Park, IL from $1,200 (26 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose Park.


152 N 22nd Ave

636 S 13th Ave

2333 N Neva Ave

7300 W North Ave

3406 Warren Ave
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.

3406 Warren Ave

7610 W Grand Ave

3001 N Thatcher Ave

336 Lathrop Ave

1111 N Harlem Ave

8301 O Connor Dr
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.

520-522 22nd Ave

7428 Washington St

5905 Ridge Ave

2310 N Harlem Ave

2300 N Harlem Ave

2412 N 76th Ave
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

1971 N 19th Ave

2608 St Charles Rd

1025 N Harlem Ave

640 S 14th Ave

323 22nd Ave

7444 Washington St
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

2725 N Thatcher Ave

47 S 20th Ave
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 | $2,500 | $1,275 | $4,000 |
| Melrose Park 3 Bedroom Homes for Rent | $2,998 | $2,000 | $4,200 |
| Melrose Park 4 Bedroom Homes for Rent | $4,757 | $3,750 | $5,350 |
| Melrose Park 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
| Melrose Park 6 Bedroom Homes for Rent | $3,250 | $3,000 | $3,500 |
Browse Top Homes for Rent in Melrose Park
Explore Melrose Park
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 1010-1012 S 2nd Ave in the Downtown Maywood neighborhood priced from $1,030. 2110 S 5th Ave in the Maybrook Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. Here is today’s list of the most affordable Melrose Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1010-1012 S 2nd Ave | Studio Apartment | Studio,1BA | $1,030 |
| 2110 S 5th Ave | Studio Apartment | Studio,1BA | $1,030 |
| 2115-2126 S 4th Ave | Studio Apartment | Studio,1BA | $1,050 |
| 411-419 Thatcher Ave. | 411 Thatcher GH | Studio,1BA | $1,139 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,250 |
| 516 Des Plaines Ave. | Studio | Studio,1BA | $1,285 |
| 527-533 Des Plaines Ave. and 7624-7626 Wilcox | 1 Bedroom | 1BR,1BA | $1,369 |
| RRK Ventures LLC | 1BR/1.0BA | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Melrose Park, IL
As of April 06, 2026 the best value apartment in the Melrose Park area is the $2.18 price per square foot Evergreen 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 7131 W Altgeld St Model at 7131 W Altgeld St starting at $2,300 with a $1.35 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. |
|---|---|---|---|
| The Grove Luxury Townhomes | Evergreen | 3BR,3.5BA | $2.18 |
| 7131 W Altgeld St | 7131 W Altgeld St | 3BR,2BA | $1.35 |
| 8222 Grand Ave, Unit 3a | 8222 Grand Ave | 3BR,2BA | $1.60 |
| 7226 W Belden Ave, Unit 2 | 7226 W Belden Ave | 2BR,1BA | $2.00 |
| 9647 Pacific Ave, Unit 2N | 9647 Pacific Ave | 2BR,1BA | $1.94 |
| 404 School St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.98 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.99 |
| Maywood Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $2.12 |
| RRK Ventures LLC | 1BR/1.0BA | 1BR,1BA | $2.08 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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.
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 Melrose Park
What type of rentals are currently available in Melrose Park?
There are currently 802 Apartments for Rent in Melrose Park, IL with pricing that ranges from $995 to $6,829. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Park ranging from $1,275 to $5,350.
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 $5,350 with an average monthly rent of $2,790.
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 $1,950 to $5,135, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,200. Four Bedroom Single-Family rentals are also available starting from $3,750 and Four Bedroom Apartments start at $1,900.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.