Property prices for rent in Melrose Park (Illinois)

The rent prices in real estate in Melrose Park, in the Illinois region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Melrose Park has risen strongly during the last 6 months. In July, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.48. In the following two months the price per sq.feet has risen 109 %, going from $1.24 to $1.35 per sq.feet. The price per sq.feet has risen 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.3 to $1.38 during November, and December.

Average price

When referring to the price in Melrose Park (cities), this has fallen considerably in the last 6 months. The average price for July is $1,609. During August the price had a considerable fall till $1,217. During the following two months (September, October) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $1,313.25 to $1,154.5 in November and December.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,147 they are 9 % more affordable than the average price for Melrose Park . The properties with the highest average price have 4 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,267.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.12 / sq.feet, with an average $1.35 / sq.feet price in Melrose Park. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.22 / sq.feet.

Price per property type

According to average price per property type in Melrose Park, "" priced at $1,287 is 12 % more expensive than the average price ($1,147) in this city.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Melrose Park
Number of properties used in region Illinois
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value