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Melrose Park, IL Condos for Rent

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  • 1314 N 21st Ave Unit Shared second floor, Melrose Park, IL 60160
    1314 N 21st Ave Unit Shared second floor, Melrose Park, IL 60160
    1314 N 21st Ave Unit Shared second floor, Melrose Park, IL 60160
    /13

    $950 Per Month

    • 1 Bed
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    1314 N 21st Ave Unit Shared second floor, Melrose Park, IL 60160

    Property Id: 2738973 Welcome to your new home at 1314N. 21st. Ave in Melrose Park, IL! This charming 1 bedroom, 1 bathroom room in a secure building includes all utilities and top-notch amenities such as a washer, dryer, oven, and refrigerator. Enjoy the convenience of a shared washer/dryer, driveway, and street parking. Don't miss out on this fantastic opportunity for $950/month starting on

    1314 N 21st Ave Unit Shared second floor, Melrose Park, IL 60160
  • 1971 N 19th Ave Unit 9, Melrose Park, IL 60160
    1971 N 19th Ave Unit 9, Melrose Park, IL 60160
    1971 N 19th Ave Unit 9, Melrose Park, IL 60160
    /9

    $1,725 Per Month

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

    1971 N 19th Ave Unit 9, Melrose Park, IL 60160

    Property Id: 2581685 Se Habla Español - Welcome to your new apartment at 1971 N 19th Ave, a comfy 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, on-site shared washer & dryer facilities

    1971 N 19th Ave Unit 9, Melrose Park, IL 60160
  • 1360 N 1st Ave Unit A3, Melrose Park, IL 60160
    1360 N 1st Ave Unit A3, Melrose Park, IL 60160
    1360 N 1st Ave Unit A3, Melrose Park, IL 60160
    /6

    $1,300 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1360 N 1st Ave Unit A3, Melrose Park, IL 60160

    Property Id: 2464157 1 BR 1 Ba apartment for rent. Perfect location for commuters to Downtown, 1 mile north of I290, 7 miles away from O’Hare. Close to shopping and dining, just south of Costco on 1st Ave

    1360 N 1st Ave Unit A3, Melrose Park, IL 60160
  • 1948 N 19th Ave Unit 2W, Melrose Park, IL 60160
    1948 N 19th Ave Unit 2W, Melrose Park, IL 60160
    1948 N 19th Ave Unit 2W, Melrose Park, IL 60160
    /5

    $1,800 Per Month

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

    1948 N 19th Ave Unit 2W, Melrose Park, IL 60160

    Property Id: 2822876 Beautifully Renovated 2-Bedroom Apartment Welcome to this beautifully renovated 2-bedroom, 1-bathroom apartment in Melrose Park. The apartment features a brand-new kitchen, updated bathroom, and new carpeting, offering a clean and comfortable living space. The unit is located in a well-maintained building and includes one parking space. Conveniently located

    1948 N 19th Ave Unit 2W, Melrose Park, IL 60160
  • 5209 W Lake St Unit B, Melrose Park, IL 60160
    5209 W Lake St Unit B, Melrose Park, IL 60160
    5209 W Lake St Unit B, Melrose Park, IL 60160
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    $2,095 Per Month

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    5209 W Lake St Unit B, Melrose Park, IL 60160

    Discover modern comfort in this newly renovated 3-bedroom, 1-bath apartment in Melrose Park. The stylish kitchen features granite countertops, shaker cabinets, stainless steel appliances, microwave, and a stove and oven.Enjoy the convenience of in-unit laundry, available parking, private patio is perfect for relaxing or entertaining.Located steps from public transit, this

    5209 W Lake St Unit B, Melrose Park, IL 60160
Illinois Cook County

Condos for Rent in Melrose Park, IL

Frequently Asked Questions

How much does it cost to rent a condo in Melrose Park, IL?
The median rent for a condo in Melrose Park, IL is $1,450 per month, though prices vary by neighborhood, size, and property type. As of September 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 $80,000 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 $2,000 per month in Melrose Park, IL, renters typically need to show $6,000 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 13.9, 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 condo?
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 condo include Belmont Heights, Montclare, O'Hare, Wicker Park and West Loop, each with its own character and price range.

Condo Rental Trends in Melrose Park, IL

There are currently 5 condos available for rent in Melrose Park, IL. The median rent is $1,450 per month, with 1-bedroom condos renting at $1,273, 2-bedroom condos at $1,450 and 3-bedroom condos at $2,098.

Rental Home Trends

Number of Condos for Rent
5
Median Condo Rent
$1,450
Median 1 Bedroom Condo Rent
$1,273
Median 2 Bedroom Condo Rent
$1,450
Median 3 Bedroom Condo Rent
$2,098
How to Rent a Home

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