No rentals found near Melrose Park, IL

The average rent in Melrose Park, IL is $1,101.

In Melrose Park 43% of the housing is rented out compared to 57% of homes are owned, according to the most recent Census Bureau estimates. 6% of Melrose Park's apartments are found in large buildings of 50 units or more, 78% are located in smaller apartment complexes with less than 50 units, and 14% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Melrose Park are about 50 years old, on average. Of these, 17% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 83% of the rental communities here are low-rise, garden-style communities, 17% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Melrose Park are around 14% of rentals, while 1-bedroom floor plans represent 78% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 8% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.