Melrose Park, IL Rental Market Trends
The average rent for an apartment in Melrose Park is $884, a 13% increase compared to the previous year, when the average rent was $779.
Average Rent in Melrose Park, IL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$884||13%||661 sq. ft.|
The average size for a Melrose Park, IL apartment is 661 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Melrose Park, IL Apartment Rent Ranges
Melrose Park, IL Occupied Housing Units
- Renter-occupied Households30%
- Owner-occupied Households69%
2,383 or 30% of the households in Melrose Park, IL are renter-occupied while 5,505 or 69% are owner-occupied.
Melrose Park, IL Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Mar / 2021|
How Melrose Park Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Melrose Park rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!