Melrose Park, IL mid-term rental market data
We track 1–25 active furnished monthly (30+ night) rental listings in Melrose Park, IL. The rent range is $2,200–$3,700. Sign in to view the real market rent and listing count. Data updated July 2026.
Small sample: treat these figures as directional until more listings are tracked here.
Pricing by bedroom
AMR and listing counts per unit type in Melrose Park, IL.
Who lives in Melrose Park, IL
U.S. Census demographics behind monthly demand.
- Population
- 45,763
- Median income
- $70,181
- Median age
- 37
- Renter-occupied
- 35%
- Median home value
- $253,601
Local economy
BLS employment for Cook County.
See the full picture with Pro
Comparables, demand drivers, rent trends, seasonality, regulations, and deal underwriting for Melrose Park, IL.
Real 30+ night comparables
Every active 30+ night marketplace listing in Melrose Park, IL, with photos and asking rents.
Demand drivers & deal underwriting
Hospitals, universities, and employers driving MTR demand in Melrose Park, IL, plus cap rate, cash-on-cash, and DSCR on any property.
Rent trends
Month-over-month AMR for Melrose Park, IL, so you can see where pricing is heading.
Seasonality
Which months book strongest in Melrose Park, IL. Plan pricing and turnovers around real demand.
Local regulations
Whether 30+ night rentals are allowed in Melrose Park, IL, short-term-rental rules, and HOA / zoning caveats to check before you buy.
Market opportunities
AI-surfaced opportunities and risks for Melrose Park, IL: underserved unit types, demand spikes, and where supply is thin.
Mid-term rentals in Melrose Park, IL: FAQ
- What is the rent range for a furnished monthly rental in Melrose Park, IL?
- The rent range for a furnished 30+ night rental in Melrose Park, IL is $2,200–$3,700. Sign in to view the real market rent. The listing range is 1–25 active 30+ night listings as of July 2026.
- How many furnished monthly rentals are there in Melrose Park, IL?
- The listing range for active 30+ night rentals in Melrose Park, IL is 1–25 as of July 2026. Sign in to view the real listing count.
- Are mid-term rentals legal in Melrose Park, IL?
- Rules are set locally. Most U.S. cities regulate short-term rentals (stays under 30 nights) and treat furnished stays of 30+ nights as ordinary tenancies, but some cities draw the line at a different length or limit furnished rentals in certain zones. Check Melrose Park, IL's current ordinance, plus HOA, lease, and zoning rules, before you buy or list.
Sources and methodology
The rent range and listing range come from active furnished monthly (30+ night) marketplace listings tracked by MTR Analytics as of July 2026. Sign in to view the real market rent and listing count. The real rent is the average asking monthly rent over up to the 12 most recent complete months. Demographics are U.S. Census Bureau ACS 5-year estimates. Employment is U.S. Bureau of Labor Statistics data for Cook County. How these numbers are built.
Cite this page: MTR Analytics, “Melrose Park, IL mid-term rental market data,” July 2026, https://mtranalytics.com/mid-term-rental-data/illinois/melrose-park.
Nearby Illinois markets
Run a full analysis on Melrose Park, IL
Sign up free to explore Melrose Park, IL: per-bedroom pricing, demographics, and trends. Upgrade to Pro for real comparables, demand drivers, market intelligence, and deal underwriting.