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Cheap Apartments for Rent in Melrose Park, IL from $600 (30 Rentals)
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from $1,175Studio to 1 Bedroom Apartments Available Now
7520 W Grand Ave
7520 W Grand AveElmwood Park, IL 60707
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from $1,195Studio Apartment Available Now
7310 W North Ave, Unit 1b
7310 W North 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 to 1 Bedroom Apartments Available Now
3001 N Thatcher Ave
3001 N Thatcher AveRiver Grove, IL 60171
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from $1,196Studio to 1 Bedroom Apartments Available Now
7300 W North Ave
7300 W North AveElmwood Park, IL 60707
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Showing Results 1-30, 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 | $1,662 | $975 | $3,811 |
| Cheap Melrose Park 1 Bedroom Apartments | $2,115 | $1,150 | $4,363 |
| Cheap Melrose Park 2 Bedroom Apartments | $3,147 | $1,400 | $6,170 |
| Cheap Melrose Park 3 Bedroom Apartments | $3,209 | $1,850 | $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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 411-419 Thatcher Ave. | 411 Thatcher GH | Studio,1BA | $1,099 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,175 |
| Royal Arms Apartments | Studio | Studio,1BA | $1,195 |
| Elmwood Towers | Studio | Studio,1BA | $1,196 |
| Oak Park Place | S2 | Studio,1BA | $1,723 |
| Premier Luxury Apartments | 1 Bed - Jr. | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Melrose Park, IL
As of February 20, 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 1530 William St Model at 1530 William St, Unit 1 starting at $3,095 with a $1.93 price per square foot in the Frank Lloyd Wright Historic District 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 |
| 1530 William St, Unit 1 | 1530 William St | 3BR,2BA | $1.93 |
| 5 N 8th Ave, Unit #2 | 5 N 8th Ave | 3BR,1BA | $1.23 |
| 2023 N Neva Ave, Unit 1 | 2023 N Neva Ave | 3BR,2BA | $2.02 |
| 101 N Avon Rd, Unit Apt 1 | 101 N Avon Rd | 3BR,2BA | $2.46 |
| Grove on Grand I | 2BR/2.0BA | 2BR,2BA | $2.69 |
| 2833 N 75th Ave, Unit G | 2833 N 75th Ave | 2BR,1BA | $1.56 |
| 3106 Calwagner St, Unit 1A | 3106 Calwagner St | 1BR,1BA | $1.73 |
| 7310 W North Ave, Unit 1b | 7310 W North Ave | Studio ,1BA | $2.17 |
| 411-419 Thatcher Ave. | 411 Thatcher GH | Studio ,1BA | $2.44 |
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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.
Why 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.
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 MapGetting 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 $1,295 at Elmwood Towers.
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 $2,450 at The Grove Residences.
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
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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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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.
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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.
How Your Move-In Inspection Can Protect Your Security Deposit
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If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.