Rental market snapshot for Melrose Park, Illinois

Melrose Park, Illinois Rental Property Market Overview

The average rent for an apartment in Melrose Park is $1,994. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 3.0% over the past year.

Melrose Park is a village in Cook County, Illinois, United States. The population was 23,173 at the 2010 census. Melrose Park is located just west of the Chicago city limits, approximately 14 miles (23 km) northwest of the Loop. It is close to O'Hare International Airport. The village is home to a large Italian-American population.

Last Updated December 23, 2022

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Average monthly rent graph in Melrose Park Illinois | Cost of Living

  • The most expensive ZIP Code in Melrose Park is 60164 with an average price of $2,400
  • The cheapest ZIP Code in Melrose Park is 60160 with an average price of $1,255

Melrose Park ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
160164$2,400
260160$1,255

Live near Melrose Park, Illinois's Top Sights and Attractions

The Access Melrose Park Community Health Center is a community health center that provides medical and dental care to residents of Melrose Park, Illinois. The center is located on the west side of Melrose Park, near the intersection of North Avenue and West Lake Street. The center offers a variety of services, including primary care, dental care, mental health services, and social services. The center also has a pharmacy and a laboratory.

Bulger Park is a beautiful park located in Melrose Park, Illinois. The park features a playground, a basketball court, a picnic area, and a walking path.

Bataan Park is a beautiful park located in Melrose Park, Illinois. The park features a playground, a basketball court, a picnic area, and a walking trail. The park is also home to a variety of trees and plants, making it a great place to enjoy the outdoors.

Sharp Park is an attraction in Melrose Park, Illinois that features a variety of rides, games, and other activities for visitors to enjoy. The park is home to a number of different attractions, including a roller coaster, a Ferris wheel, and a variety of other rides and games.

Tommy Olsen Park is a small park located in the center of Melrose Park, Illinois. The park features a playground, a small gazebo, and a few benches. The park is surrounded by trees and is a popular spot for locals to take a break from the hustle and bustle of the city.

George A Leoni Complex is a public recreation center that features a gymnasium, an indoor pool, a weight room, and a dance studio. The complex also has a playground, a picnic area, and a walking path.

Westdale Park is a small park located in the suburb of Melrose Park, Illinois. The park features a playground, a small pavilion, and a walking path.

Veterans Park District is a beautiful park that offers a variety of activities for the whole family. There are picnic areas, a playground, a basketball court, and a walking path. The park also has a pond where you can go fishing.

Melrose Park, Illinois area median rent change by ZIP Code map

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How does Melrose Park compare to other cities in Illinois ?

citymedian price
Granite City$1,103
Morton$1,330
Elmhurst$2,495
La Grange$2,825
Frankfort$2,200
Melrose Park$2,400
Belleville$895

Average household income in Melrose Park area graph - US Census

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The median household income in Melrose Park in 2021 was $53,596. This represents a 22.2% change from 2011 when the median was $43,863.

#categorypercent
0Less than $10,0005.1%
1$10,000 to $14,9993.4%
2$15,000 to $19,9993.4%
3$20,000 to $24,9995.4%
4$25,000 to $29,9995.3%
5$30,000 to $34,9997.5%
6$35,000 to $39,9994.6%
7$40,000 to $44,9996.6%
8$45,000 to $49,9995.0%
9$50,000 to $59,99910.5%
10$60,000 to $74,9999.9%
11$75,000 to $99,99915.8%
12$100,000 to $124,9996.0%
13$125,000 to $149,9994.0%
14$150,000 to $199,9994.1%
15$200,000 or more3.5%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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