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468 West Melrose presents an exceptional rental opportunity, supported by a Zumper expert rating of 9 out of 10, reflecting its overall quality and desirability. With competitive pricing, excellent amenities, and a prime location, the property excels in providing a great living environment. Notable features include a spacious floor plan, large bedroom, new kitchen, and convenient first-floor laundry, making it a standout choice in the area.
Things you’ll love
Less expensiveElementary school nearbyImages Available| 0BR/1.0BA | Studio | 1 bath | $1,285–$1,485 /mo | 2 units available | Tons of closet space! this apartment is located in the middle of the Lakeview area, right in between the numerous shops and restaurants of Broadway and the serenity of the lake. This building is on a quiet East Lakeview street and is just steps off of Lake Shore Drive, Lake Michigan, Lincoln Park Shopping and Dining and very close to Wrigley Field! It offers extremely easy access to public transportation including the L train as well as multiple buses. Take advantage of this fantastic completely remodeled studio. This building has great amenities including: spacious floor plans building is meticulously maintained by engineer who lives in the building on site laundry facility security cameras throughout first floor, lobby, garage, entrances intercom security access for entire building energy efficient windows remodeled lobby and entryway This unit offers a spacious floor plan and includes: Lots of Closet Space Eat in Kitchen Counter Newer bathroom Full sized Kitchen Wood plank tile floors | ||
| 1BR/1.0BA | 1 bed | 1 bath | $1,840–$1,905 /mo | 3 units available | Welcome to Apartment #564, a spacious and inviting one-bedroom home ideally located in the heart of Chicago. Situated on the top floor, this residence offers added privacy and a quiet, elevated living experience. Inside, you’ll find beautiful hardwood floors throughout and an exceptionally generous layout. The apartment features a large, separate living room and dining room—perfect for entertaining, working from home, or simply enjoying extra breathing room. The open flow between spaces creates a warm, comfortable atmosphere that feels both functional and welcoming. The bedroom is well-sized and easily accommodates a full bedroom setup, providing a relaxing retreat at the end of the day. The bathroom is conveniently located and outfitted with modern fixtures. With its prime location, Apartment #564 puts you close to everything Chicago has to offer—from dining and shopping to parks and public transportation. Don’t miss the opportunity to make this bright, spacious one-bedroom your next home. Contact us today to schedule a tour. |
Let's explore this property.
Building
| Cats OK |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 72 |
|---|
Tons of closet space! this apartment is located in the middle of the Lakeview area, right in between the numerous shops and restaurants of Broadway and the serenity of the lake. This building is on a quiet East Lakeview street and is just steps off of Lake Shore Drive, Lake Michigan, Lincoln Park Shopping and Dining and very close to Wrigley Field! It offers extremely easy access to public transportation including the L train as well as multiple buses. Take advantage of this fantastic completely remodeled studio. This building has great amenities including: spacious floor plans building is meticulously maintained by engineer who lives in the building on site laundry facility security cameras throughout first floor, lobby, garage, entrances intercom security access for entire building energy efficient windows remodeled lobby and entryway This unit offers a spacious floor plan and includes: Lots of Closet Space Eat in Kitchen Counter Newer bathroom Full sized Kitchen Wood plank tile floors
How 468 West Melrose compares to other nearby properties.
Positives
Considerations
Studio apartments at 468 West Melrose cost about 14% less than the average rent price for studios in Lakeview.
1-bedroom apartments here are priced 8% lower than 1-bedrooms in Lakeview.
| Month | Median Rent |
|---|---|
| February 2024 | $1,627 |
| March 2024 | $1,926 |
| April 2024 | $1,745 |
| May 2024 | $1,751 |
| June 2024 | $1,764 |
| July 2024 | $1,931 |
| August 2024 | $1,691 |
| September 2024 | $1,682 |
| October 2024 | $1,630 |
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,325 |
| March 2024 | $1,312 |
| April 2024 | $1,367 |
| May 2024 | $1,482 |
| June 2024 | $1,493 |
| July 2024 | $1,532 |
| August 2024 | $1,495 |
| September 2024 | $1,495 |
| October 2024 | $1,467 |
| November 2024 | $1,473 |
| December 2024 | $1,483 |
| January 2025 | $1,448 |
| February 2025 | $1,485 |
| March 2025 | $1,492 |
| April 2025 | $1,495 |
| May 2025 | $1,498 |
| June 2025 | $1,540 |
| July 2025 | $1,506 |
| August 2025 | $1,460 |
| September 2025 | $1,450 |
| October 2025 | $1,450 |
| November 2025 | $1,416 |
| December 2025 | $1,434 |
| January 2026 | $1,479 |
Can I afford to live at 468 W Melrose St?
Bedrooms
Rent-to-income ratio
30%
$51,400/yr
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Lakeview | Chicago, IL
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,760–$4,068
Kenwood • 4726 S Woodlawn Ave
Studio–2 Beds
$1,125–$2,720
Lincoln Park • 1730 N Clark St
Studio
$2,313–$3,182
Near West Side • 1313 W Randolph St
1 Bed
$2,470–$2,500
Kenwood • 5035 S East End Ave
Studio–2 Beds
$1,755–$4,449
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,760–$4,068
Kenwood • 4726 S Woodlawn Ave
Studio–2 Beds
$1,125–$2,720
Lincoln Park • 1730 N Clark St
Studio
$2,313–$3,182
Near West Side • 1313 W Randolph St
1 Bed
$2,470–$2,500
Kenwood • 5035 S East End Ave
Studio–2 Beds
$1,755–$4,449
