1938 N 17th Ave
Melrose ParkIL60160
Cheap Apartments for Rent in Melrose Park, IL from $600 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose Park.
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from $9951 Bedroom Apartment Available Now
141 Rockford Ave, Unit 2
141 Rockford AveForest Park, IL 60130
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from $1,175Studio to 1 Bedroom Apartments Available Now
7520 W Grand Ave
7520 W Grand AveElmwood Park, IL 60707
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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from $1,195Studio Apartment Available Now
7310 W North Ave, Unit 1b
7310 W North AveElmwood Park, IL 60707
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Rent Specials
from $1,3501 to 2 Bedroom Apartments Available Apr 15
Circle Court
214 Circle AveForest Park, IL 60130
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from $1,4002 Bedroom Apartment Available Mar 31
1827 N 43rd Ave, Unit 10
1827 N 43rd AveStone Park, IL 60165
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1 Bedroom Apartments
527-533 Des Plaines Ave. and 7624-7626 Wilcox
533 Des Plaines AveForest Park, IL 60130
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Showing Results 1-39, Page 1 of 1
Melrose Park, IL Local Guide
Downtown Melrose Park by Dennisyerger84 is licensed under CC BY 4.0
How much does it cost to rent an apartment in Melrose Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Melrose Park Studio Apartments | $2,164 | $975 | $3,864 |
| Cheap Melrose Park 1 Bedroom Apartments | $2,288 | $995 | $4,053 |
| Cheap Melrose Park 2 Bedroom Apartments | $3,068 | $1,400 | $5,603 |
| Cheap Melrose Park 3 Bedroom Apartments | $3,088 | $1,750 | $4,650 |
| Cheap Melrose Park 4 Bedroom Apartments | $4,900 | $4,800 | $5,000 |
Browse Top Apartments in Melrose Park
See all Apartments in Melrose ParkExplore Melrose Park
Melrose Park, IL Local Guide
Written By:
Justin HabersaatEditing Staff
- Melrose Park Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Melrose Park Apartments for Rent
The cheapest available apartment rental in Melrose Park, IL is a Studio unit found at 411-419 Thatcher Ave. in the North Maywood neighborhood priced from $1,099. 8519 West Grand Avenue in the Irving Woods neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Melrose Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 411-419 Thatcher Ave. | 411 Thatcher GH | Studio,1BA | $1,099 |
| 8519 West Grand Avenue | 1BR/1.0BA | 1BR,1BA | $1,175 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,175 |
| RRK Ventures LLC | 1BR/1.0BA | 1BR,1BA | $1,350 |
| Premier Luxury Apartments | 1 Bed - Jr. | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Melrose Park, IL
As of March 24, 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 1017 S 14th Ave Model at 1017 S 14th Ave, Unit 2 starting at $1,750 with a $1.17 price per square foot in the Downtown Maywood 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 | Woodlawn | 4BR,3.5BA | $2.13 |
| 1017 S 14th Ave, Unit 2 | 1017 S 14th Ave | 3BR,1BA | $1.17 |
| 2726 N 73rd Ct | 2726 N 73rd Ct | 3BR,1BA | $1.68 |
| 2036 N 72nd Ct, Unit 2 | 2036 N 72nd Ct | 3BR,1.5BA | $1.69 |
| 2129 N 73rd Ave, Unit 1 | 2129 N 73rd Ave | 3BR,1BA | $1.67 |
| 2628 N 73rd Ct, Unit 1 | 2628 N 73rd Ct | 2BR,1BA | $2.15 |
| 141 Rockford Ave, Unit 2 | 141 Rockford Ave | 1BR,1BA | $1.17 |
| RRK Ventures LLC | 1BR/1.0BA | 1BR,1BA | $2.01 |
| 8519 West Grand Avenue | 1BR/1.0BA | 1BR,1BA | $1.96 |
| 7310 W North Ave, Unit 1b | 7310 W North Ave | Studio ,1BA | $2.17 |
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Melrose Park Overview
A bustling suburb of the great city of Chicago, Melrose Park is a historic and charming metro area offering a sound economic base and plenty of natural beauty. Large enough to present much in the way of opportunity yet cozy enough to yield a small town ambiance, Melrose Park is one Illinois hub that is popular with good reason.
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
Melrose Park, IL Apartments MapMelrose Park, IL Rental Homes MapWhy live in Melrose Park, IL?
With a steady job market thanks to health care and a range of other industries, Melrose Park apartments make a great place to hang your hat. Families will undoubtedly enjoy the close access to area schools, while the call of the greater Chicago arts and entertainment scene makes Melrose Park all the more enticing for younger professionals.
Getting Around Melrose Park, IL
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
31 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Melrose Park Apartments
What is the Cheapest Studio apartment in Melrose Park?
Currently the most affordable Cheap Studio Apartment in Melrose Park is at 411-419 Thatcher Ave. listed at $1,099.
How much is rent for a Cheap One Bedroom Melrose Park Apartment?
The lowest price for a Cheap One Bedroom Melrose Park Apartment is $1,175 at 8519 West Grand Avenue.
What is the lowest price for a Cheap Two Bedroom Melrose Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Melrose Park is starting from $2,398 at Premier Luxury Apartments.
What is the most affordable Melrose Park Three Bedroom Apartment?
The best deal on a cheap Melrose Park Three Bedroom Apartment rental is at The Grove Residences and starts from $3,200.
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.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.