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Melrose Park, IL Houses for Rent

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  • 1816 N 38th Ave, Stone Park, IL 60165
    1816 N 38th Ave, Stone Park, IL 60165
    1816 N 38th Ave, Stone Park, IL 60165
    /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
  • 1400 N 22nd Ave, Melrose Park, IL 60160
    1400 N 22nd Ave, Melrose Park, IL 60160
    1400 N 22nd Ave, Melrose Park, IL 60160
    /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
Illinois Cook County

Houses for Rent in Melrose Park, IL

Frequently Asked Questions

How much does it cost to rent a single-family home in Melrose Park, IL?
The median rent for a single-family home in Melrose Park, IL is $2,095 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 $69,000 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 $1,725 per month in Melrose Park, IL, renters typically need to show $5,175 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 16.1, 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 single-family 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 single-family home include Austin, Galewood and Norwood Park, each with its own character and price range.

Rental Home Trends in Melrose Park, IL

There are currently 2 single-family homes available for rent in Melrose Park, IL. The median rent is $2,095 per month, with 3-bedroom houses renting at $2,125, 4-bedroom houses at $3,050 and 5-bedroom houses at $4,000.

Rental Home Trends

Number of Houses for Rent
2
Median Single Family Home Rent
$2,095
Median 3 Bedroom Single Family Home Rent
$2,125
Median 4 Bedroom Single Family Home Rent
$3,050
Median 5 Bedroom Single Family Home Rent
$4,000
How to Rent a Home

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