Cheap Homes for Rent in Melrose Park, IL from $1,000 (17 Rentals)

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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.

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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.

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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.

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property at 7234 W North Ave

7234 W North Ave

Elmwood ParkIL60707
Showing Results 1-17, Page 1 of 1

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 7520 W Grand Ave in the Dunning neighborhood priced from $1,175. Circle Court in the North Maywood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here is today’s list of the most affordable Melrose Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
7520 W Grand AveStudioStudio,1BA$1,175
Circle Court1 Bedroom, 1 Bath1BR,1BA$1,350
102 S 17th Ave2 Bedroom 1 Bath Apartment2BR,1BA$1,510
Oak Park PlaceS3Studio,1BA$1,703
Premier Luxury Apartments1 Bed - Jr.1BR,1BA$1,750

Best Value Apartments for Rent in Melrose Park, IL

As of May 31, 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 1125 Bohland Ave Model at 1125 Bohland Ave, Unit 1 starting at $2,300 with a $1.92 price per square foot in the West Village 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.
The Grove Luxury TownhomesWoodlawn4BR,3.5BA$2.13
1125 Bohland Ave, Unit 11125 Bohland Ave3BR,1BA$1.92
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.80
The Grove Residences1 Bedroom, 1 Bathroom1BR,1BA$2.99
102 S 17th Ave2 Bedroom 1 Bath Apartment2BR,1BA$2.24
Premier Luxury Apartments1 Bed - Jr.1BR,1BA$2.72
7310 W North Ave, Unit 2B7310 W North AveStudio ,1BA$1.91
Oak Park PlaceS2Studio ,1BA$3.51
7520 W Grand AveStudioStudio ,1BA$2.94

Quick Rent Budget Calculator

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Frequently Asked Questions about Melrose Park

What type of rentals are currently available in Melrose Park?

There are currently 793 Apartments for Rent in Melrose Park, IL with pricing that ranges from $1,050 to $5,699. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Park ranging from $1,050 to $6,200.

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 $6,200 with an average monthly rent of $2,836.

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 $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,500.

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.

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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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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.