Melrose Park, IL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Melrose Park is $1,192, a 10.96% increase compared to the previous year, when the average rent was $1,074.
One-bedroom apartments provide 680 square feet for $1,150, balancing privacy and affordability.
Average rent in Melrose Park, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,192 | 661 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,150 | 680 sq. ft. |
| 2 Beds | n/a | n/a |
| 3 Beds | n/a | n/a |
Melrose Park, IL rent trends
Rental prices in Melrose Park, IL have increased by 10.96% over the past year. The average rent moved from $1,074 to $1,192.
Do most people rent or own in Melrose Park, IL?
3,553 or 43% of the households in Melrose Park, IL are renter-occupied while 4,768 or 57% are owner-occupied.
How Melrose Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Melrose Park | $1,192 |
| Skokie | $2,041 |
| Naperville | $2,057 |
| Chicago | $2,461 |
| Aurora | $1,856 |
| Evanston | $2,577 |
| Oak Park | $2,176 |
| Rockford | $1,260 |
| Lombard, IL | $1,986 |
| Des Plaines, IL | $1,894 |
| La Grange, IL | $2,070 |
| Clarendon Hills, IL | $1,693 |
| Downers Grove, IL | $2,029 |
| Glen Ellyn, IL | $1,620 |
| Mount Prospect, IL | $1,886 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Melrose Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.