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Newest Homes for Rent in Melrose Park, IL

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  • 1971 N 19th Ave Unit 7, Melrose Park, IL 60160
    1971 N 19th Ave Unit 7, Melrose Park, IL 60160
    1971 N 19th Ave Unit 7, Melrose Park, IL 60160
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    $1,725 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    1971 N 19th Ave Unit 7, Melrose Park, IL 60160

    Property Id: 2459193Se Habla EspañolWelcome to your new apartment at 1971 N 19th Ave, a Fully rehabbed Kitchen and Bathroom, including soft-close cabinets, quartz countertops, stainless steel appliances, modern faucets and bath vanity. The designated parking space offers added convenience, the shared washer and dryer facilities make laundry day a breeze, while the no-smoking,

    (708) 540-2875

    1971 N 19th Ave Unit 7, Melrose Park, IL 60160
  • 1213 N 34th Ave Unit 27, Melrose Park, IL 60160
    1213 N 34th Ave Unit 27, Melrose Park, IL 60160
    /2

    $1,450 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    1213 N 34th Ave Unit 27, Melrose Park, IL 60160

    Must-see apartments! This lovely, spacious, and bright building in Melrose Park includes all utilities except electricity. It's situated in a prime location near shopping, dining, Lake Street, and offers a quick trip to downtown Chicago. Close to hospitals and schools, it's the only apartment building on the block, surrounded by single-family homes in great condition-this location won't

    Karel Machala 606 Realty LLC

    1213 N 34th Ave Unit 27, Melrose Park, IL 60160
  • 1360 N 1st Ave Unit C3, Melrose Park, IL 60160
    1360 N 1st Ave Unit C3, Melrose Park, IL 60160
    1360 N 1st Ave Unit C3, Melrose Park, IL 60160
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    $1,250 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1360 N 1st Ave Unit C3, Melrose Park, IL 60160

    Property Id: 2464159Immaculate location in Melrose Park. Close to shopping and dining. Close to 290 and 15 minutes away from O’Hare airport

    (708) 316-9861

    1360 N 1st Ave Unit C3, Melrose Park, IL 60160
  • Unlisted Address
    Unlisted Address
    Unlisted Address
    /16

    $2,000 Per Month

    • 3 Beds
    • 1 Bath
    • 900 Sq Ft
    • Apartment for Rent

    Unlisted Address

    Welcome to your new apartment!! Beautiful first-floor unit featuring three spacious bedrooms and a charming, sun-filled lie, Enjoy a stylish eat-in kitchen equipped with stainless steel and freshly painted interiors throughout, A perfect blend of comfort and convenience-ready for you to move in

    Agent Photo

    Jorge Mariscal

    RE/MAX Partners

    (464) 246-1603

    Unlisted Address
  • 1938 N 17th Ave Unit 3, Melrose Park, IL 60160
    1938 N 17th Ave Unit 3, Melrose Park, IL 60160
    1938 N 17th Ave Unit 3, Melrose Park, IL 60160
    /11

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    1938 N 17th Ave Unit 3, Melrose Park, IL 60160

    Property Id: 2507503Se Habla Espanol - Very nice 1 BR with Large Closet, in a well maintained, full exterior security camera Building. The designated parking space offers added convenience, shared washer and dryer facilities make laundry day a breeze, while the no-smoking policy ensures a clean and healthy environment. Experience the perfect blend, while enjoying convenient shopping

    (224) 442-9786

    1938 N 17th Ave Unit 3, Melrose Park, IL 60160
  • 1971 N 19th Ave Unit 6, Melrose Park, IL 60160
    1971 N 19th Ave Unit 6, Melrose Park, IL 60160
    1971 N 19th Ave Unit 6, Melrose Park, IL 60160
    /13

    $1,700 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    1971 N 19th Ave Unit 6, Melrose Park, IL 60160

    Property Id: 2446464Se Habla Español - Welcome to your new apartment at 1971 N 19th Ave, a cozy 2-bedroom, 1-bath Unit.Rehabbed Kitchen and Bathroom, including soft-close cabinets, quartz countertops, stainless steel appliances, modern faucets, laminate and hardwood flooring. A designated parking space offers added convenience, shared washer and dryer facilities make

    (708) 628-4628

    1971 N 19th Ave Unit 6, Melrose Park, IL 60160
  • 714 N Broadway Ave Unit REAR, Melrose Park, IL 60160
    714 N Broadway Ave Unit REAR, Melrose Park, IL 60160
    714 N Broadway Ave Unit REAR, Melrose Park, IL 60160
    /18

    $3,000 Per Month

    • 5 Beds
    • 1.5 Baths
    • 1,600 Sq Ft
    • Apartment for Rent

    714 N Broadway Ave Unit REAR, Melrose Park, IL 60160

    This spacious home offers great value with 5 bedrooms and 1.5 fully renovated baths-just move in and enjoy! It's a short walk to the train and school. The second floor features a cozy nook, perfect for reading or a homework spot for the kids. Washer and dryer are located in the basement. Enjoy all the privacy of a single-family home. Tenant is responsible for all utilities, including water. An

    Joe Cibula Compass

    714 N Broadway Ave Unit REAR, Melrose Park, IL 60160
  • 1834 N 22nd Ave Unit 1, Melrose Park, IL 60160
    1834 N 22nd Ave Unit 1, Melrose Park, IL 60160
    1834 N 22nd Ave Unit 1, Melrose Park, IL 60160
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    $2,200 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    1834 N 22nd Ave Unit 1, Melrose Park, IL 60160

    Property Id: 18425531834 NORTH 22 ND AVE, UNIT 1 MELROSE PARK, IL 601601st FLOOR $2200 RENT3 BED / 1 BATH LEASE TERM12 Month Lease, $2500 Deposit Credit check required - $65 (non-refundable) per adult application feeNo Pets allowedFEATURES Central Air Conditioning/HeatSmoke Free Refrigerator / OvenHardwood Floors INCLUDED

    (708) 498-7618

    1834 N 22nd Ave Unit 1, Melrose Park, IL 60160
Illinois Cook County Melrose Park

Newest Homes for Rent in Melrose Park, IL

Frequently Asked Questions

How much does it cost to rent a home in Melrose Park, IL?
The median rent for a home in Melrose Park, IL is $1,700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Melrose Park, IL?
To comfortably afford the median rent in Melrose Park, IL, a household needs to earn roughly $68,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,700 per month in Melrose Park, IL, renters typically need to show $5,100 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Melrose Park, IL?
In Melrose Park, IL, the price-to-rent ratio is 16.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Melrose Park, IL are best for renting a home?
The best neighborhood for renting in Melrose Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Belmont Terrace, Galewood, Montclare, West Loop and Old Town, each with its own character and price range.

Rental Trends in Melrose Park, IL

There are currently 8 homes available for rent in Melrose Park, IL. The median rent is $1,700 per month, with single-family homes renting at $1,975, townhouses at $1,375 and condos at $1,450.

Rental Home Trends

Number of Homes for Rent
8
Median Rent
$1,700
Median Single Family Home Rent
$1,975
Median Townhouse Rent
$1,375
Median Condo Rent
$1,450
How to Rent a Home

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