Updated 1 Hour Ago
Location
550 E Melrose Ct #2, Decatur, IL 62526, USA|The Elms
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Amenities for 550 E Melrose Ct #2, The Elms
Apartment Amenities
| Air Conditioning | Central Heat |
| Utilities Included |
Grounds
| Assigned Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 550 E Melrose Ct #2
Amazing 1 bedroom, 1 bathroom apartment in Decatur. Amenities included: central air and central heat. Utilities included: water. Is not pet friendly. Date Available: Oct 1st 2026. $700/month rent. $700 security deposit required. Please submit the form on this page or contact Ribby at 217-330-2848 to learn more. This property is managed by a responsible landlord using Avail landlord software.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 550 E Melrose Ct, Decatur, IL 62526, USA compares to other nearby properties.
Positives
- Central heat
- This address offers a climate controlled environment
Considerations
- Pet restrictions
- Pets aren't allowed at this location.
Address details
| Neighborhood | The Elms |
|---|---|
| Zip code | 62526 |
| Type | Apartment for rent |
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Rent trends in The Elms
1-bedroom apartments at 550 E Melrose Ct #2 cost about 7% less than the average rent price for 1-bedroom apartments in Decatur.
Median rents as of Sep 26 2026.
Decatur
| Month | Median Rent |
|---|---|
| October 2024 | $681 |
| November 2024 | $679 |
| December 2024 | $650 |
| January 2025 | $620 |
| February 2025 | $655 |
| March 2025 | $677 |
| April 2025 | $687 |
| May 2025 | $699 |
| June 2025 | $700 |
| July 2025 | $622 |
| August 2025 | $627 |
| September 2025 | $696 |
| October 2025 | $707 |
| November 2025 | $692 |
| December 2025 | $708 |
| January 2026 | $710 |
| February 2026 | $710 |
| March 2026 | $697 |
| April 2026 | $709 |
| May 2026 | $700 |
| June 2026 | $709 |
| July 2026 | $725 |
| August 2026 | $722 |
| September 2026 | $743 |
Affordability calculator
Can I afford to live at 550 E Melrose Ct #2?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$28,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $28,000 annually to afford this 1-bedroom monthly rent price of $700.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 11 months ago | $725 | 1 bed | 1 bath | ||
| 1 year ago | $700 | 2 bed | 1 bath |
Schools near 550 E Melrose Ct #2
Pershing Early Learning Center
2912 n university ave
decatur, IL, 62526
PKPublic
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Internet available near 550 E Melrose Ct #2
Neighborhood
The Elms | Decatur, IL
Getting around Decatur near 550 E Melrose Ct #2
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 550 E Melrose Ct #2, Decatur
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
3/10
Some bars within walking distance
Other units at this address
550 E Melrose Ct, Decatur, IL
550 E Melrose Ct Decatur, IL
Occupied
1
1 Bed
1 Bath
$700
Assigned Parking • Air Conditioning • Central Heat
Occupied
5
2 Beds
1 Bath
$700
Assigned Parking • Air Conditioning • Central Heat
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