Melrose Park renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Melrose Park is about $1,201 per month. This puts it in the 83rd percentile compared to the state average cost of rent, which is $1,330. Households in Melrose Park have a median income of $4,895 per month so the average renter in Melrose Park is spending roughly 25% of their earnings on housing.
Nationally, and in Melrose Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Melrose Park is $250,479 right now, which is lower than cities nearby, meaning that rents in Melrose Park also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Melrose Park while lower rent rates are often available in southwestern areas.
Nearby Cities
- Stone Park, IL: more expensive rent prices
- Northlake, IL: more expensive rent prices
- Bellwood, IL: more expensive rent prices
- Franklin Park, IL: more expensive rent prices
- River Grove, IL: more expensive rent prices
- Maywood, IL: more expensive rent prices
- Berkeley, IL: less expensive rent prices
- River Forest, IL: more expensive rent prices
- Hillside, IL: more expensive rent prices
- Elmwood Park, IL: less expensive rent prices
Cities with Similar Populations
- Greenfield, IN: less expensive rent prices
- Fairhope, AL: more expensive rent prices
- Riviera Beach, FL: more expensive rent prices
- Socorro, TX: less expensive rent prices
- Tarpon Springs, FL: more expensive rent prices
- Reisterstown, MD: more expensive rent prices
- Paragould, AR: less expensive rent prices
- Los Altos, CA: more expensive rent prices
- Watertown, NY: less expensive rent prices
- San Dimas, CA: more expensive rent prices
All Local Stats
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