Cheap Homes for Rent in Melrose Park, IL from $1,000 (35 Rentals)

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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.

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property at 310 Lathrop Ave

310 Lathrop Ave

Forest ParkIL60130

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.

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property at 8000 Grand Ave

8000 Grand Ave

River GroveIL60171

The 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.

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property at 8000 Grand Ave

8000 Grand Ave

River GroveIL60171

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.

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Showing Results 1-35, Page 1 of 1

Melrose Park, IL Local Guide

Cheapest Available Melrose Park Apartments for Rent and Nearby

 

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 $1,030. 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$1,030
7520 W Grand AveStudioStudio,1BA$1,175
2110 S 5th AveStudio ApartmentStudio,1BA$1,210
2115 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,260
516 Des Plaines Ave.StudioStudio,1BA$1,285
Circle Court1 Bedroom, 1 Bath1BR,1BA$1,350
RRK Ventures LLC1BR/1.0BA1BR,1BA$1,375
37 Rockford Ave.37 Rockford 1 Bedroom1BR,1BA$1,399

Best Value Apartments for Rent in Melrose Park, IL and Nearby

As of September 15, 2025 the best value apartment in the Melrose Park area is the $1.43 price per square foot 2725 N 75th Ave Model at 2725 N 75th Ave, Unit 2nd floor in the in the Dunning neighborhood starting from $2,000. The second greatest value Melrose Park apartment is the 2318 N 72nd Ct Model at 2318 N 72nd Ct, Unit 2 starting at $2,000 with a $1.48 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.
2725 N 75th Ave, Unit 2nd floor2725 N 75th Ave3BR,1.5BA$1.43
2318 N 72nd Ct, Unit 22318 N 72nd Ct3BR,1.5BA$1.48
Premier Luxury Apartments2 Bed2BR,2BA$2.05
1125 Bohland Ave, Unit 11125 Bohland Ave3BR,1BA$1.92
2000 N 17th Ave, Unit 12000 N 17th Ave3BR,1BA$1.67
8624 Fullerton Ave2BD/1BA2BR,1BA$1.65
1535 Bonnie Brae Pl, Unit 51535 Bonnie Brae Pl1BR,1BA$1.84
404 School St2 Bedroom Apartment2BR,1BA$2.02
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.80
1725 Madison St, Unit 2nd floor1725 Madison St1BR,1BA$1.57

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

Explore Melrose Park, IL Rentals by Map

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See the most popular apartments and homes in Melrose Park, IL

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Frequently Asked Questions about Melrose Park

What type of rentals are currently available in Melrose Park?

There are currently 805 Apartments for Rent in Melrose Park, IL with pricing that ranges from $995 to $10,871. There are also 115 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Park ranging from $1,000 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 $1,000 to $5,000 with an average monthly rent of $2,606.

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 $6,801, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $4,499. Four Bedroom Single-Family rentals are also available starting from $2,910 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.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.