What is the median rent in Melrose Park, IL?
The median gross rent in Melrose Park, IL is $1,176 (±$82) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 3,529 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Melrose Park, the median gross rent went from $995 in 2015–2019 to $1,176 in 2020–2024 (+18.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,176 (±$82)
- Rented homes
- 3,529 (±477)
- $2,000 or more
- 6.4%
- Since 2015–2019
- +18.2%
How much rent costs in Melrose Park
| Monthly gross rent | Melrose Park | Cook County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 0.8% (±0.9 points) | 6.0% | 7.0% | 6.3% |
| $500 to $999 | 31.9% (±7.2 points) | 14.5% | 23.5% | 20.2% |
| $1,000 to $1,499 | 45.8% (±8.3 points) | 33.7% | 32.6% | 28.1% |
| $1,500 to $1,999 | 15.1% (±6.0 points) | 22.0% | 18.7% | 21.1% |
| $2,000 to $2,499 | 3.5% (±2.3 points) | 12.1% | 9.6% | 12.0% |
| $2,500 to $2,999 | 1.1% (±1.2 points) | 5.6% | 4.1% | 5.5% |
| $3,000 or more | 1.8% (±1.6 points) | 6.1% | 4.4% | 6.8% |
The most common range is $1,000 to $1,499, paid by 45.8% of renting households.
6.4% of rented homes in Melrose Park cost $2,000 or more a month.
Melrose Park against Cook County, its state and the nation
| Melrose Park | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $1,176 (±$82) | $1,435 (±$7) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 3,529 (±477) | 859,046 (±6,982) | 1,587,238 (±10,609) | 42,849,984 |
In Melrose Park, median gross rent is lower than in Cook County ($1,435).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
In Cook County, Melrose Park ranks 121 of 143 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 471 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Melrose Park has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $995 (±$30) | $1,176 (±$82) | +18.2% | No measurable change after inflation |
| Households that rent | 49.6% (±3.1 points) | 43.3% (±4.6 points) | −6.3 percentage points | Measurable decrease |
| Rental vacancy rate | 4.9% (±2.6 points) | 1.7% (±1.7 points) | −3.2 percentage points | Measurable decrease |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Melrose Park
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Melrose Park | — | $1,176 (±$82) | — |
| Stone Park | 0.9 mi | $1,412 (±$352) | Not measurably different |
| Bellwood | 1.5 mi | $1,293 (±$86) | Not measurably different |
| Maywood | 1.9 mi | $1,209 (±$72) | Not measurably different |
| River Grove | 2.0 mi | $1,214 (±$93) | Not measurably different |
| Northlake | 2.3 mi | $1,123 (±$149) | Not measurably different |
| River Forest | 2.4 mi | $1,554 (±$269) | Higher |
| River Forest Township | 2.4 mi | $1,554 (±$269) | Higher |
| Franklin Park | 2.4 mi | $1,109 (±$51) | Not measurably different |
Nearby places with a measurably higher figure: River Forest, IL ($1,554), River Forest Township, IL ($1,554).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Cook County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 115 | Thornton Township | $1,203 (±$26) |
| 116 | Lyons | $1,198 (±$90) |
| 117 | South Chicago Heights | $1,196 (±$198) |
| 118 | Countryside | $1,180 (±$62) |
| 119 (tie) | Bridgeview | $1,177 (±$85) |
| 119 (tie) | Calumet City | $1,177 (±$41) |
| 121 | Melrose Park | $1,176 (±$82) |
| 122 | Worth | $1,169 (±$82) |
| 123 (tie) | Cicero | $1,154 (±$34) |
| 123 (tie) | Stickney | $1,154 (±$55) |
| 123 (tie) | Cicero Township | $1,154 (±$34) |
| 126 | Hickory Hills | $1,145 (±$67) |
| 127 | Alsip | $1,140 (±$30) |
Showing 13 of 143 places in Cook County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Melrose Park
What is the average rent in Melrose Park, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Melrose Park is $1,176 (±$82) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Melrose Park?
In Melrose Park, the median gross rent went from $995 in 2015–2019 to $1,176 in 2020–2024 (+18.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Melrose Park cost more than $2,000 a month?
6.4% of rented homes in Melrose Park have a gross rent of $2,000 or more a month, and 0.8% cost less than $500.
Is rent in Melrose Park higher than in Cook County?
In Melrose Park, median gross rent is lower than in Cook County ($1,435).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Melrose Park village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Melrose Park village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Melrose Park village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Melrose Park village, Illinois (place:48242, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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- Fair Market Rent in Melrose Park
- Illinois landlord and tenant rules
- Housing across Cook County
- Illinois places ranked by median rent
- Housing data for every place in Illinois