Homes & Apartments for Rent in Melrose Park, IL

House for rent at Winston Park, 1450-80 N 1st Ave #1, Melrose Park, IL 60160

Apartment for rent at 43 King Arthur Court, Melrose Park, IL 60164

Welcome to 43 King Arthur Ct in Northlake, IL. This charming apartment complex offers residents a refreshing pool to cool off in during the hot summer months. With shared laundry facilities on-site, you can easily take care of your laundry without leaving the comfort of your home. The common yard area provides a great space for outdoor activities or simply relaxing in the fresh air. Don't miss out on the opportunity to make 43 King Arthur Ct your new home. Pool, Shared Laundry, Common Yard Area, Fridge, Stove, On-Site Laundry, Gas, Water, Trash & Dishwas. Pet Friendly.

Apartment for rent at 1123 N 33rd Ave, Melrose Park, IL 60160

Managed by Black Forest Properties

$1,095

Apartment1 Bed1 Bath

1123 N 33rd Ave

Melrose Park, IL 60160

Welcome to 33rd Ave Apartments, presented by Black Forest Properties. We have several units available for lease. For more information and to schedule a showing, please contact us. Coin operated laundry, Parking Lot, Fridge, Range, Heat And Water & Cooking Gas. Cats Allowed.

New - 2 days ago

Managed by Black Forest Properties

$1,200

Apartment1 Bed1 Bath

2034-2054 N 18 Ave

Melrose Park, IL 60160

Welcome to 18th Ave Properties Llc, presented by Black Forest Properties. We have several units available for lease. For more information and to schedule a showing, please contact us. Coin operated laundry, Parking Lot, Fridge, Stove, Cooking Gas, Heat, Water & Trash. Cats Allowed.

Managed by Sunny P

$2,200

Apartment3 Beds1 Bath

1834 N 22nd Ave #2

Melrose Park, IL 60160

1834 North 22 ND Ave, Unit 2 Melrose Park, IL 60160. 2 ND Floor. $2150 Rent. 3 Bed / 1 Bath. Lease Term. 12 Month Lease, $2200 Deposit. Credit check required - $65 (non-refundable) per adult application fee. No Pets allowed. Features. Central Air Conditioning/Heat. Smoke Free. Refrigerator / Oven. Hardwood Floors. Included In Rent. Garbage. Water. Sewage. Nicely 2 ND floor, 3 bedroom, 1 bath apartment, fully remodeled kitchen in Melrose Park on North Ave. Water included in rent. back patio with grill to enjoy your summer. Tenant pays electricity & gas utility.

Viewing 1-5 of 5 rentals in Melrose Park

What to Know About

Life in Melrose Park & Beyond

Melrose Park shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Melrose Park, IL

As of March 2025, Melrose Park's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Melrose Park's average rent is 16.5% ($281) lower than the Illinois average of $1,706 and 20.3% ($363) lower than the U.S. average of $1,788.

Average Rent

$1,425

Monthly ChangeMonth Over Month Change

12.4% ($202)

Yearly ChangeYear Over Year Change

34.3% ($745)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,274	0.6% ($8)	31.7% ($591)
2 Beds	$1,641	0.6% ($10)	31.7% ($761)
3 Beds	$1,981	1.1% ($22)	26.6% ($719)

Nearby Cities	Average Rent	Avg. Rent vs. Melrose ParkAverage Rent vs. Melrose Park	Avg. Days on MarketAverage Days on Market
Maywood	$1,221	14.3% ($204)	26 days
Berkeley	$1,481	3.9% ($56)	26 days
River Forest	$1,777	24.7% ($352)	24 days
Hillside	$1,548	8.6% ($123)	25 days
Elmwood Park	$1,767	24% ($342)	28 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Melrose Park Rental Market FAQs

Explore rental prices, market trends, and availability in Melrose Park, IL.

What is the average rent in Melrose Park, IL?

The average rent in Melrose Park, IL is $1,425 per month.

What is the rental price range for homes in Melrose Park, IL?

Homes in Melrose Park typically rent for between $892 and $2,575 per month, with an average of $1,425 per month.

What is the average rent for different bedroom sizes in Melrose Park, IL?

In Melrose Park, the average rent for a 1-bedroom home is $1,274 per month, for a 2-bedroom home, $1,641 per month, and a 3-bedroom home is $1,981 per month.

How do rent prices in Melrose Park, IL compare with the national average?

The average rent in Melrose Park is 20.3% ($363) lower than the national average of $1,788 per month.

How have rent prices in Melrose Park, IL changed recently?

The average rent in Melrose Park has decreased by 12.4% ($202) in the last month and decreased by 34.3% ($745) over the past year.

How competitive is the rental market in Melrose Park, IL?

The rental market in Melrose Park, IL, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.

How long do rentals stay on the market in Melrose Park, IL?

In Melrose Park, IL, the average rental stays on the market for approximately 24 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Melrose Park, IL?

There are currently 5 rental properties available in Melrose Park, IL.

Can I afford to rent a home in Melrose Park, IL?

Based on the current averages, a household would need an annual income of $65,640 to comfortably afford a 2-bedroom home in Melrose Park.

Find Homes & Apartments for Rent in Melrose Park, IL

Life in Melrose Park & Beyond

Melrose Park, IL

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