Rentometer, Inc. | Data as of 10/23/2025
Melrose Park, a thriving city in Illinois just minutes from downtown Chicago, offers a blend of suburban charm and urban convenience. Residents enjoy easy access to major highways, commuter rail lines, and a growing assortment of local businesses, cafes, and entertainment venues that give the community a lively, welcoming atmosphere. The city’s well‑maintained parks, riverfront trails, and family‑friendly schools make it an attractive destination for both young professionals and growing families seeking a balanced lifestyle.
The rental market in Melrose Park is diverse, featuring a healthy mix of apartments and single‑family homes. Two‑bedroom apartments typically fall in the $1700s range, with median rents hovering around $1600, providing modern amenities for renters who value location and convenience. For those who prefer a house, two‑bedroom units are commonly found in the $1500 range, with median figures just under $1500, offering spacious layouts and often more private outdoor space. Larger families looking for three‑bedroom houses can expect rent to be in the $2500‑$3000 range, reflecting the added room and flexibility these homes provide. This variety of housing options supports a dynamic rental market that caters to a broad spectrum of needs and budgets.
Neighborhoods such as the historic Melrose Center and the vibrant River Trail district highlight the city’s eclectic character, with boutique shops, diverse dining options, and cultural events that draw residents together. Proximity to the Chicago Loop, O'Hare International Airport, and major sports venues adds further appeal, making Melrose Park a strategic base for commuters and travelers alike. Whether you’re seeking a contemporary apartment close to transit or a family‑oriented house near top‑rated schools, Melrose Park’s rental landscape offers compelling choices in a welcoming community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,724 | $1,600 | $1,400 - $2,175 | $1,450 - $1,995 |
| House | 2 Bedroom | $1,515 | $1,495 | $1,450 - $1,600 | $1,450 - $1,600 |
| House | 3 Bedroom | $2,523 | $2,985 | $1,250 - $3,335 | $1,250 - $3,335 |
In the current period, the average rent in Melrose Park was
$1,646 for 2 Bedroom, and
$2,393 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.