Cheap Homes for Rent in Melrose Park, IL from $1,000 (30 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
property at 8000 Grand Ave

8000 Grand Ave

River GroveIL60171

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.

Read Article
Showing Results 1-30, 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 1 Bed unit found at 2115 S 4th Ave in the Maybrook Square neighborhood priced from $1,145. 817 S 19th Ave in the Seminary District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,160. Here is today’s list of the most affordable Melrose Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2115 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,145
817 S 19th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,160
7520 W Grand AveStudioStudio,1BA$1,175
1010 S 2nd Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,205
37 Rockford Ave.37 Rockford 1 Bedroom1BR,1BA$1,325
Circle Court1 Bedroom, 1 Bath1BR,1BA$1,350
1510 N 1st Ave2BD/1BA2BR,1BA$1,350
411-419 Thatcher Ave.419 Thatcher A1BR,1BA$1,499

Best Value Apartments for Rent in Melrose Park, IL

As of July 31, 2025 the best value apartment in the Melrose Park area is the $1.85 price per square foot 2 Bed - Penthouse Model at Premier Luxury Apartments in the in the Irving Woods neighborhood starting from $2,598. The second greatest value Melrose Park apartment is the 2725 N 75th Ave Model at 2725 N 75th Ave, Unit 2nd floor starting at $2,200 with a $1.57 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.
Premier Luxury Apartments2 Bed - Penthouse2BR,2BA$1.85
2725 N 75th Ave, Unit 2nd floor2725 N 75th Ave3BR,1.5BA$1.57
2602 N 74th Ct, Unit 2602 n 74th court2602 N 74th Ct3BR,2BA$1.71
1125 Bohland Ave, Unit 11125 Bohland Ave3BR,1BA$1.92
2000 N 17th Ave, Unit 12000 N 17th Ave3BR,1BA$1.67
2036 N 72nd Ct, Unit 12036 N 72nd Ct2BR,1BA$1.55
1528 N Harlem Ave, Unit 3E1528 N Harlem Ave2BR,1BA$1.94
515 25th Ave, Unit Garden Unit515 25th Ave2BR,1BA$1.94
1510 N 1st Ave2BD/1BA2BR,1BA$1.59
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.80

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Melrose Park

What type of rentals are currently available in Melrose Park?

There are currently 814 Apartments for Rent in Melrose Park, IL with pricing that ranges from $1,025 to $7,120. There are also 113 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 $2,681.

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 $1,999 to $7,120, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,499. Four Bedroom Single-Family rentals are also available starting from $3,115 and Four Bedroom Apartments start at $2,600.

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 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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.