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Apartments in Melrose Park

1 - 4 of 4 Results
5
$950
1123 N 33rd Ave
Melrose Park, IL
1 BR | Available Now
Contact
Cat Friendly
Surface Parking
Storage
Disability Access
25
$1,775
1618 43rd Ave
Stone Park, IL
2 BR | Available Now
Contact
1
$700 - 1,200
171 25TH AVE 1N-10
Melrose Park, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Call for Pricing
2241 N Mannheim Rd
Melrose Park, IL
Studio | Available Now
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1 - 4 of 4 Results
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How much does it cost to rent an apartment in Melrose Park?

Melrose Park Apartments
Bed Type Average Rent Range
1BR $950 $700 - $1,200
2BR $1,100 $1,100 - $1,780
Frequently Asked Questions

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

Rentable.co has over 183 apartments available in Melrose Park.

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 $950 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 $1,100 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 $1,100 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 one-bedroom apartment you would need an annual household income of $38,000 to live comfortably.

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Campuses Nearby

Triton College

Melrose Park:
April Rent Report

Welcome to the April 2024 Melrose Park Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 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

$1,700
$1,280
$850
$430
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Melrose Park Rent Prices Increase From March to April

Melrose Park rent prices increased over the last month. From March to April, the city experienced a 3.57% increase for the price of a one-bedroom apartment. The rent price for a Melrose Park one-bedroom apartments currently stands at $1,072.0.

When we take a look at the two-bedroom comparison from March to April, Melrose Park experienced a 11.57% increase for the price of a two-bedroom apartment. The rent price for a Melrose Park two-bedroom apartments currently stands at $1,610.0.

April Prices: Melrose Park vs. Surrounding Areas

Rent Prices in Melrose Park and Surrounding Areas

Rent prices have increased 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.

April 2024 Pricing Trends: Melrose Park vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Melrose Park Rent Prices More Affordable Than Major Cities

Rent growth in Melrose Park over the past year has been on the rise. 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 April 1 BR M/M % Change 2 BR April 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.

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Colleges Near Melrose Park