Cheap Homes for Rent in Melrose Park, IL from $1,100 (25 Rentals)

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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
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

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property at 7300 W North Ave

7300 W North Ave

Elmwood ParkIL60707
Showing Results 1-25, 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 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 ListingModel NameBed/BathPriced From
411-419 Thatcher Ave.411 Thatcher GHStudio,1BA$1,099
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1,175
7520 W Grand AveStudioStudio,1BA$1,175
Premier Luxury Apartments1 Bed - Jr.1BR,1BA$1,750

Best Value Apartments for Rent in Melrose Park, IL

As of March 26, 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 2726 N 73rd Ct Model at 2726 N 73rd Ct starting at $2,350 with a $1.68 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
2726 N 73rd Ct2726 N 73rd Ct3BR,1BA$1.68
2036 N 72nd Ct, Unit 22036 N 72nd Ct3BR,1.5BA$1.69
2129 N 73rd Ave, Unit 12129 N 73rd Ave3BR,1BA$1.67
The Grove on Grand2BR/2.0BA2BR,2BA$2.69
2628 N 73rd Ct, Unit 12628 N 73rd Ct2BR,1BA$2.15
141 Rockford Ave, Unit 2141 Rockford Ave1BR,1BA$1.17
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1.96
7310 W North Ave, Unit 1b7310 W North AveStudio ,1BA$2.17
411-419 Thatcher Ave.411 Thatcher GHStudio ,1BA$2.44

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Frequently Asked Questions about Melrose Park

What type of rentals are currently available in Melrose Park?

There are currently 799 Apartments for Rent in Melrose Park, IL with pricing that ranges from $995 to $5,603. There are also 115 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 $2,547.

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 $1,950 to $4,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $4,800.

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 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.

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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.