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5518 W Melrose St #2, Chicago, IL 60641, USA|Portage Park
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Property Overview
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Wellness
Amenities for 5518 W Melrose St #2, Portage Park
Apartment Amenities
| Natural Gas |
Building
| Exterior Type: Brick |
Grounds
| Storage |
Other
| Seven Rooms | Wall Units |
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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 5518 W Melrose St #2
Property Status: Active Spacious 3-Bedroom Apartment with Enclosed Porch in Portage Park Welcome to this beautifully updated and exceptionally roomy 3-bedroom, 1-bath apartment located in the heart of Portage Park. This bright and inviting unit offers a generous layout featuring a large living room, formal dining room, and three well-sized bedrooms-perfect for comfortable everyday living. The home showcases high-end finishes throughout, including a stunning bathroom with honeycomb Carrera marble flooring that adds a touch of elegance. The kitchen is thoughtfully designed with premium cabinetry, sleek quartz countertops, and quality finishes that make it both stylish and functional. Enjoy additional living space with a large enclosed porch-ideal for relaxing, working from home, or extra storage. Conveniently located near Tony's Fresh Market, local gyms, restaurants, and everyday amenities. Commuting is easy with access to a 24-hour CTA bus service along Belmont Avenue just steps away. Rental Requirements & Disclosures: Minimum credit score of 700 required Household income must be at least 3x the monthly rent No pets allowed Listing agent is related to the property owner This is a fantastic opportunity to live in a spacious, well-appointed home in one of Chicago's most desirable neighborhoods Office Phone: (773) 744-1807 Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 5518 W Melrose St, Chicago, IL 60641, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
Address details
| Neighborhood | Portage Park |
|---|---|
| Zip code | 60641 |
| Type | Apartment for rent |
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Rent trends in Portage Park
3-bedroom apartments at 5518 W Melrose St #2 cost about 32% more than the average rent price for 3-bedroom apartments in Chicago.
Median rents as of Apr 25 2026.
Portage Park
Chicago
| Month | Median Rent |
|---|---|
| May 2024 | $3,130 |
| June 2024 | $3,237 |
| July 2024 | $3,286 |
| August 2024 | $3,019 |
| September 2024 | $3,002 |
| October 2024 | $2,997 |
| November 2024 | $2,921 |
| December 2024 | $2,891 |
| January 2025 | $2,880 |
| February 2025 | $2,917 |
| March 2025 | $2,888 |
| April 2025 | $2,911 |
| May 2025 | $2,944 |
| June 2025 | $2,961 |
| July 2025 | $2,986 |
| August 2025 | $2,854 |
| September 2025 | $2,699 |
| October 2025 | $2,650 |
| November 2025 | $2,839 |
| December 2025 | $2,640 |
| January 2026 | $2,649 |
| February 2026 | $2,751 |
| March 2026 | $2,932 |
| April 2026 | $2,985 |
| Month | Median Rent |
|---|---|
| May 2024 | $2,049 |
| June 2024 | $2,119 |
| July 2024 | $2,131 |
| August 2024 | $2,184 |
| September 2024 | $2,187 |
| October 2024 | $2,131 |
| November 2024 | $2,110 |
| December 2024 | $2,137 |
| January 2025 | $2,193 |
| February 2025 | $2,237 |
| March 2025 | $2,214 |
| April 2025 | $2,192 |
| May 2025 | $2,125 |
| June 2025 | $2,012 |
| July 2025 | $2,138 |
| August 2025 | $2,127 |
| September 2025 | $2,059 |
| October 2025 | $2,121 |
| November 2025 | $2,100 |
| December 2025 | $1,995 |
| January 2026 | $2,124 |
| February 2026 | $2,102 |
| March 2026 | $2,125 |
| April 2026 | $2,150 |
Affordability calculator
Can I afford to live at 5518 W Melrose St #2?
Bedrooms
3 bedroomsRent-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
$116,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $116,000 annually to afford this 3-bedrooms monthly rent price of $2,900.
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 | |||||
|---|---|---|---|---|---|
| 3 months ago | $1,400 | 2 bed | 1 bath | ||
| 3 months ago | $1,400 | 2 bed | 1 bath | ||
| 4 months ago | $1,400 | 2 bed | 1 bath | ||
| 4 months ago | $1,550 | 2 bed | 1 bath | ||
| 6 years ago | $1,550 | 3 bed | 1 bath |
Schools near 5518 W Melrose St #2
Marvin Camras Elementary School
3000 n mango ave
chicago, IL, 60634
PK, K-8Public
C+
Chicago Academy Elementary School
3400 n austin ave
chicago, IL, 60634
PK, K-8Public
B-
Belmont-Cragin Elementary School
5252 w palmer st
chicago, IL, 60639
PK, K-8Public
C-
Union Ridge Elementary School
4600 n oak park ave
harwood heights, IL, 60706
PK, K-8Public
A-
Beard Elementary School
6445 w strong st
chicago, IL, 60656
PK, K-3Public
B+
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Internet available near 5518 W Melrose St #2
Getting around Chicago near 5518 W Melrose St #2
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 5518 W Melrose St #2, Chicago
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Other units at this address
5518 W Melrose St, Chicago, IL
5518 W Melrose St Chicago, IL
Occupied
1
3 Beds
1 Bath
$1,550
Air Conditioning
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