Cheap Homes for Rent in Melrose Park, IL from $1,100 (32 Rentals)

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

property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707

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

Read Article
property at 323 22nd Ave

323 22nd Ave

BellwoodIL60104
Showing Results 1-32, 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 1530 N 1st Ave in the North Maywood neighborhood priced from $1,100. 2115 S 4th Ave in the Maybrook Square neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,130. Here is today’s list of the most affordable Melrose Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1530 N 1st Ave1 bedroom1BR,1BA$1,100
2115 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,130
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1,175
7520 W Grand AveStudioStudio,1BA$1,175
Circle Court1 Bedroom, 1 Bath1BR,1BA$1,350
Oak Park PlaceS2Studio,1BA$1,663
Premier Luxury Apartments1 Bed - Jr.1BR,1BA$1,750

Best Value Apartments for Rent in Melrose Park, IL

As of April 17, 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 2602 N 74th Ct Model at 2602 N 74th Ct, Unit 2602 n 74th court starting at $2,500 with a $1.79 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.
The Grove Luxury TownhomesWoodlawn4BR,3.5BA$2.13
2602 N 74th Ct, Unit 2602 n 74th court2602 N 74th Ct3BR,2BA$1.79
2036 N 72nd Ct, Unit 22036 N 72nd Ct3BR,1.5BA$1.69
8306 Grand Ave, Unit 1S8306 Grand Ave2BR,1.5BA$1.85
2325 1/2 N 74th Ave, Unit 22325 1/2 N 74th Ave2BR,1BA$2.00
515 25th Ave, Unit Garden Unit515 25th Ave2BR,1BA$1.70
2628 N 73rd Ct, Unit 12628 N 73rd Ct2BR,1BA$2.15
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.80
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1.96
1530 N 1st Ave1 bedroom1BR,1BA$1.96

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Frequently Asked Questions about Melrose Park

What type of rentals are currently available in Melrose Park?

There are currently 795 Apartments for Rent in Melrose Park, IL with pricing that ranges from $1,100 to $5,326. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Park ranging from $1,195 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 $1,195 to $5,000 with an average monthly rent of $2,507.

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 $1,710 to $4,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,819.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.