9

Newest Homes for Rent in Melrose Park, IL

Section Image
  • /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
  • /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
  • /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
  • /19

    $2,095 Per Month

    • 3 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • Apartment for Rent

    5209 W Lake St Unit 2, Melrose Park, IL 60160

    Sabrina Mack Avenue 1 Realty Group

    5209 W Lake St Unit 2, Melrose Park, IL 60160
  • /20

    $3,130 Per Month

    • 5 Beds
    • 2 Baths
    • 1,795 Sq Ft
    • House for Rent

    1816 N 38th Ave, Stone Park, IL 60165

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $3274.90. That covers your base rent, $3130.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    1816 N 38th Ave, Stone Park, IL 60165
  • /54

    $4,000 Per Month

    • 5 Beds
    • 3.5 Baths
    • House for Rent

    1400 N 22nd Ave, Melrose Park, IL 60160

    Welcome to 1400 N 22nd Ave, Melrose Park, IL 60160! This beautifully fully remodeled rental home is move-in ready and features fresh, modern updates throughout. Enjoy a bright and inviting interior, updated finishes, and a comfortable, functional layout. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major roadways, with easy access to surrounding

    Anna Villarejo Ruiz RE/MAX Plaza

    1400 N 22nd Ave, Melrose Park, IL 60160
  • /16

    $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
  • /9

    $2,200 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

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

    Property Id: 1842553 1834 NORTH 22 ND AVE, UNIT 1 MELROSE PARK, IL 60160 1st FLOOR $2200 RENT 3 BED / 1 BATH LEASE TERM 12 Month Lease, $2500 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

    1834 N 22nd Ave Unit 1, Melrose Park, IL 60160
  • /9

    $1,500 Per Month

    • 2 Beds
    • 1 Bath
    • 651 Sq Ft
    • Apartment for Rent

    1730 N 1st Ave Unit 1D, Melrose Park, IL 60160

    Prepate yourself to fall in love with this unique apartment for rent at Melrose Park Area! This beautiful and sunny apartment has 2 bedrooms, living room, and the kitchen opens to combo with dining room. This property is situated right on Melrose Park and neighboring River Grove, and Elmwood Park. Just a few blocks north of North Avenue (IL-64). Easy access to transportation, near to schools and

    Fabian Morales Chicago Homes Real Estate Corp

    1730 N 1st Ave Unit 1D, Melrose Park, IL 60160

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 $1,862 per month, though prices vary by neighborhood, size, and property type. As of August 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 $74,480 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 $1,862 per month in Melrose Park, IL, renters typically need to show $5,586 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 14.9, 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 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 Seminary District, Old Town, Belmont Heights, Galewood and Wicker Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
9
Median Rent
$1,862
Median Single Family Home Rent
$2,048
Median Townhouse Rent
$1,350
Median Condo Rent
$1,438
How to Rent a Home