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Apartments in Melrose Park

1 - 8 of 8 Results
1
$1,150 - 1,375
33rd Ave Apartments
1123 N 33rd Ave Melrose Park, IL
1 - 2 BR | Available Now
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Cat Friendly
Surface Parking
Storage
Disability Access
2
$1,260 - 1,540
Terrace Apartments
1829 N 19th Ave Melrose Park, IL
1 - 2 BR | Aug. 15, 2026
Contact
Dog Friendly
Cat Friendly
1
$1,350
1500-04 N 22nd Ave
Melrose Park, IL
1 BR | Available Now
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1
$1,295
1970 N 18th Ave
Melrose Park, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
0
$1,400
No Security Deposited Required!
1722 N Mannheim Rd Stone Park, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,355
1660 N 1st Ave
Melrose Park, IL
1 BR | Aug. 14, 2026
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Dog Friendly
Cat Friendly
0
$1,200
No Security Deposited Required!
1722 N Mannheim Rd Stone Park, IL
Studio | Available Now
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Dog Friendly
Cat Friendly
1
Call for Pricing
1622 N 40th Ave
Stone Park, IL
2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
1 - 8 of 8 Results
  1. Home
  2. Chicago Area Apartments
  3. Melrose Park

How much does it cost to rent an apartment in Melrose Park?

Melrose Park Apartments
Bed Type Average Rent Range
Studio $1,200 $1,200 - $1,200
1BR $1,350 $1,150 - $1,400
2BR $1,460 $1,380 - $1,540
Frequently Asked Questions

How many apartments are available in Melrose Park, IL on Rentable.co?

Rentable.co has over 273 apartments available in Melrose Park.

What is the average rent for a studio apartment in Melrose Park, IL?

The average rent for a studio apartment in Melrose Park is around $1,200 per month.

What is the average rent for a one-bedroom apartment in Melrose Park, IL?

The average rent for a one-bedroom apartment in Melrose Park is around $1,350 per month.

What is the average rent for a two-bedroom apartment in Melrose Park, IL?

The average rent for a two-bedroom apartment in Melrose Park is around $1,460 per month.

How expensive is it to rent an apartment in Melrose Park, IL?

For a two-bedroom apartment in Melrose Park, the average rent price is $1,460 per month, which is lower than the national average of $1,630 per month.

Can I afford an apartment for rent in Melrose Park, IL?

Based on average rent prices in Melrose Park, to afford a studio apartment you would need an annual household income of $48,000 to live comfortably.

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Campuses Nearby

Triton College

Melrose Park:
August Rent Report

Welcome to the August 2026 Melrose Park Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Melrose Park rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Melrose Park and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Melrose Park average rent prices in the chart below.

Monthly Rent Report

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Aug. 2026
1 BR       2 BR

Melrose Park Rent Prices Decrease From July to August

Melrose Park rent prices decreased over the last month. From July to August, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Melrose Park one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from July to August, Melrose Park experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Melrose Park two-bedroom apartments currently stands at $.

August Prices: Melrose Park vs. Surrounding Areas

Rent Prices in Melrose Park and Surrounding Areas

Rent prices have decreased in Melrose Park over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Melrose Park suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Melrose Park suburbs

  • Rents did not decrease in any of the Melrose Park suburbs.

August 2026 Pricing Trends: Melrose Park vs. National Comparisons

Melrose Park Rent Prices More Affordable Than Major Cities

Rent growth in Melrose Park over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Melrose Park average rent prices appear to be relatively affordable for local residents.

The price for a Melrose Park one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Melrose Park and surrounding area rent prices, take a look at the complete data set below.

Data set for Melrose Park and suburbs

1 BR August 1 BR M/M % Change 2 BR August 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Melrose Park Apartments
Colleges Near Melrose Park