7542 Adams St, Unit 4M
7542 Adams St
Forest ParkIL60130
Cheap Homes for Rent in Melrose Park, IL from $1,000 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose Park.
903 S 5th Ave
MaywoodIL60153
1213 34th Ave, Unit 16
1213 34th Ave
Melrose ParkIL60160
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$1,2001 Bedroom Apartments Available Jun 12
1938 N 17th Ave, Unit 3
1938 N 17th AveMelrose Park, IL 60160
7542 Adams St
Forest ParkIL60130
636 S 13th Ave
MaywoodIL60153
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
7300 W North Ave, Unit 5E
7300 W North Ave
Elmwood ParkIL60707
7300 W North Ave, Unit 5B
7300 W North Ave
Elmwood ParkIL60707
7300 W North Ave, Unit 6G
7300 W North Ave
Elmwood ParkIL60707
8925 W Grand Ave, Unit BN
8925 W Grand Ave
River GroveIL60171
7733 W Belmont Ave, Unit 204, Unit 204
7733 W Belmont Ave
ChicagoIL60707
410 School St
MaywoodIL60153
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.
115 Marengo Ave
Forest ParkIL60130
3001 N Thatcher Ave, Unit 5J
3001 N Thatcher Ave
River GroveIL60171
3001 N Thatcher Ave, Unit 2M
3001 N Thatcher Ave
River GroveIL60171
8910 Grand Ave
River GroveIL60171
7428 Washington St
Forest ParkIL60130
8301 O Connor Dr
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.
2300 N Harlem Ave, Unit 204
2300 N Harlem Ave
Elmwood ParkIL60707
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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 | $2,351 | $1,275 | $4,000 |
| Melrose Park 3 Bedroom Homes for Rent | $3,126 | $2,100 | $4,500 |
| Melrose Park 4 Bedroom Homes for Rent | $4,494 | $2,390 | $5,300 |
| Melrose Park 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Melrose Park 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Melrose Park
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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 2110 S 5th in the Maybrook Square neighborhood priced from $1,015. 1010 S 2nd in the Downtown Maywood 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 |
|---|---|---|---|
| 2110 S 5th | Studio Apartment | Studio,1BA | $1,015 |
| 1010 S 2nd | Studio Apartment | Studio,1BA | $1,030 |
| 8519 West Grand Avenue | 1BR/1.0BA | 1BR,1BA | $1,250 |
| RRK Ventures LLC | 0BR/1.0BA | Studio,1BA | $1,295 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,300 |
Best Value Apartments for Rent in Melrose Park, IL
As of May 22, 2026 the best value apartment in the Melrose Park area is the $1.54 price per square foot 2017 N 72nd Ct Model at 2017 N 72nd Ct, Unit C in the in the Conti Circle neighborhood starting from $2,150. The second greatest value Melrose Park apartment is the 2807 N 74th Ct Model at 2807 N 74th Ct, Unit top floor starting at $1,950 with a $1.50 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. |
|---|---|---|---|
| 2017 N 72nd Ct, Unit C | 2017 N 72nd Ct | 3BR,2BA | $1.54 |
| 2807 N 74th Ct, Unit top floor | 2807 N 74th Ct | 2BR,1.5BA | $1.50 |
| 2327 N 73rd Ave, Unit 1 | 2327 N 73rd Ave | 3BR,1.5BA | $1.96 |
| 331 Des Plaines Ave, Unit #2 | 331 Des Plaines Ave | 1BR,1BA | $1.60 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.99 |
| 404 School | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $2.12 |
| 102 S 17th | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $2.12 |
| 7929 W Grand Ave, Unit 101 | 7929 W Grand Ave | Studio ,1BA | $2.00 |
| 8519 West Grand Avenue | 1BR/1.0BA | 1BR,1BA | $2.08 |
Don'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 Article
Best 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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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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 800 Apartments for Rent in Melrose Park, IL with pricing that ranges from $995 to $12,065. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Park ranging from $1,075 to $5,300.
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 $1,075 to $5,300 with an average monthly rent of $2,675.
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 $9,099, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,390 and Four Bedroom Apartments start at $5,000.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.