Melrose Place

This cozy 1-bedroom, 1-bathroom apartment spans 620 sqft and is located in the vibrant Melrose Place area, available for rent at $2,595/month.

Last checked on July 2, 2026. We may earn a commission when you click through.

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This apartment offers a charming living space in a sought-after neighborhood, but the price may be steep for some renters.

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Melrose Place
For Rent

Melrose Place

Melrose Place, 519 W Melrose St APT 404, Chicago, IL 60657

Our verdict

This apartment offers a charming living space in a sought-after neighborhood, but the price may be steep for some renters.

Best for

Best suited for singles or couples looking for a convenient urban lifestyle in Chicago's lively Melrose Place.

Watch out

Renters should be aware of the high monthly cost and consider if it aligns with their budget and needs.

Neighborhood guide

Melrose Place boasts a lively atmosphere with shops, restaurants, and parks nearby, making it an attractive choice for city dwellers.

Full review

The $2,595/month rent positions this apartment at the higher end of the market. While it offers a cozy 620 sqft layout, potential renters should weigh this against their budget. The Melrose Place area is known for its vibrant community, ppealing yet pricey.

Despite its charms, this unit may not be suitable for those on a tight budget. The lack of amenities and pet-friendliness might also deter some prospective tenants. It's wise to compare this option with similar listings in the area to assess value.

In the current rental market, options like nearby studio apartments may offer more affordable alternatives. According to Zillow, the current market shows various listings around $2,000, providing choices for budget-sensitive renters. This property could be a fit for those prioritizing location over cost.

The bottom line

This 1bd 1ba apartment in Melrose Place offers a prime location but comes at a premium price, making it best for those willing to invest in urban living.

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