Rental market snapshot for Melrose Park, Illinois

Melrose Park, Illinois Rental Property Market Overview

Melrose Park, Illinois is a village located in Cook County, Illinois. According to the US Census, the population of Melrose Park, Illinois in 2021 is 24,206. The village is known for its diverse population and vibrant culture. It is home to a variety of businesses, restaurants, and parks. Melrose Park is also home to a number of historic sites, including the Melrose Park Historical Society and the Melrose Park Public Library. The village is a great place to live, work, and play.

The average rent for an apartment in Melrose Park is $1,933. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

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 $2,369.
  • The cheapest ZIP code in Melrose Park is 60160 with an average price of $1,872.

Melrose Park ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160164$2,369
260160$1,872

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

Access Melrose Park Community Health Center is a non-profit health center that provides comprehensive primary care services to the local community. It offers a wide range of services, including medical, dental, mental health, and social services. The center also provides health education and outreach programs, as well as a variety of community events and activities. The center is committed to providing quality, affordable health care to all individuals, regardless of their ability to pay.

Bulger Park is a large outdoor recreational area located in a suburban area. It features a variety of activities and amenities, including a large playground, a walking path, a basketball court, a baseball diamond, and a picnic area. The park also has a pond with a fishing pier, a gazebo, and a pavilion. The park is well-maintained and provides a great place for families to spend time outdoors.

Bataan Park is a beautiful outdoor oasis located in a suburban area. It features a large lake, walking trails, and plenty of open green space for picnicking and playing. The park also has a playground, basketball court, and a gazebo for special events. The lake is stocked with fish and is a popular spot for fishing and boating. The park is a great place to spend a day outdoors, enjoying the fresh air and natural beauty.

Sharp Park is a large outdoor recreational area located in the western suburbs of Chicago. It features a variety of activities for visitors to enjoy, including a large lake, walking trails, picnic areas, playgrounds, and a golf course. The park also has a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy fishing, boating, and other water activities. The park is open year-round and offers a variety of special events throughout the year.

Tommy Olsen Park is a sprawling green space located in a suburban area. It features a variety of recreational activities, including a playground, basketball court, baseball diamond, and walking trails. The park also has a large pond with a fishing pier, and a picnic area with grills and tables. The park is a popular spot for families to enjoy the outdoors and spend quality time together.

The George A Leoni Complex is a sprawling outdoor recreation area located in the suburbs of Illinois. It features a variety of activities for visitors to enjoy, including a large lake for fishing, a playground for children, and a walking path for those looking to take a leisurely stroll. The complex also has a picnic area, a basketball court, and a sand volleyball court. In addition, the complex is home to a variety of wildlife, including ducks, geese, and other birds.

Westdale Park is a large outdoor recreational area located in a suburban area. It features a variety of activities, including a playground, walking trails, a fishing pond, and picnic areas. There is also a large open field perfect for playing sports or flying kites. The park is surrounded by trees and lush greenery, making it a great spot for a peaceful stroll.

Veterans Park District is a sprawling outdoor recreation area located in the western suburbs of Chicago. It features a variety of amenities, including a large lake, a fishing pier, a playground, picnic areas, and a walking path. There are also several sports fields, including baseball, softball, and soccer, as well as a skate park and a disc golf course. The park is a great place to spend a day outdoors, with plenty of activities to keep everyone entertained.

Melrose Park Bundles Cable TV is a popular attraction in the area, offering a wide variety of cable TV packages and services. Customers can choose from a variety of packages, including basic cable, digital cable, and high-definition packages. The packages also include access to premium channels, such as HBO, Showtime, and Starz. Customers can also take advantage of special deals and discounts, as well as free installation and setup. With Melrose Park Bundles Cable TV, customers can enjoy all their favorite shows and movies in the comfort of their own home.

Memorial Park Dist is a large outdoor recreational area located in the suburbs of Chicago. It features a variety of activities for all ages, including a large playground, a walking path, a fishing pond, and a picnic area. The park also has a variety of sports fields, including baseball, softball, and soccer, as well as a skate park and a disc golf course. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

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

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

How does Melrose Park compare to other cities in Illinois?

citymedian price
Evanston$2,950
Palos Heights$2,575
Geneva$2,170
Streamwood$2,025
McHenry$1,740
Alsip$1,695
Berkeley$1,689
Itasca$1,395

Average household income in Melrose Park area graph - US Census

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

The median household income in Melrose Park in 2021 was $58,871. This represents a 31.7% change from 2011 when the median was $44,691.

#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%

Neighborhoods in Melrose Park

We currently do not have this data but we are working to add this soon.

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.

As of December , the average rent in Melrose Park is $1,933.
Made withDataherald