Find Rentals in Chicago

Houses for Rent

Apartments for Rent

Explore Listings

Property Managers

Listings Quality Policy

Renter Resources

Avoid Scams & Fraud

Rent vs. Buy Calculator

Rent Affordability Calculator

Help & Support

1 / 8

Featured

Pet Friendly

Garage

516 W Melrose St #404

Chicago, IL 60657 - Cook County

Apartment

1 beds

1 baths

400 sqft

About 516 W Melrose St #404

Vintage Lakeview studio/1 bath with gas and heat included. Tons of closets. Updated kitchen and bath. Parking available. Cat-friendly. No pet rent. Shared laundry facilities. Cats Allowed, Central, Shared, Elevator, Intercom, A/C, Gas, Internet, Water, CookingGasIncluded, HardwoodFloors, HeatIncluded, LaundryinBuilding, Microwave, OvenRange, Radiator, Wall, Window, RentIncludesHeat, GarageDetached & Laundry.

RentalSource last checked: June 5, 2026 · 12:04 PM ET

Last updated: May 14, 2026 at 2:51 PM ET

Managed by: CL Leasing · (312) 858-0336 · YouGotListings

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,400
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	400 sqft
Pet Friendly:	Yes
Has Garage:	Yes
ID:	83622482

Property Amenities

• Air Conditioning

• Garage

• High-Speed Internet

• Microwave

• Pet Friendly

• Walk-in Closets

Community Features

• Laundry Facilities

• Parking

Leasing Information

Lease Term: 1 year. Utilities Included: Gas, Water & Internet. Parking: Detached garage.

Additional Details

Apartment for rent in Chicago for $1,400 with 1 bed, 1 bath, 400 sqft, pet friendly and located at 516 W Melrose St #404 in Chicago, IL 60657. The rental price of $1,400 is 41.2% ($981) lower than the average rent of $2,381 for a 1 bedroom apartment in Chicago, IL and 40.3% ($947) lower than the average rent of $2,347 for a 1 bedroom apartment in Cook County. This apartment is in the Chicago Public School District and the nearest schools are Nettelhorst Elementary School, Lane Technical High School and Lincoln Park High School. 516 W Melrose St #404 was advertised by CL Leasing on May 14, 2026 at 9:50 AM ET and last checked today at 12:04 PM ET.

Affordability Calculator

Can I afford to live at 516 W Melrose St #404?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$56,000 /year

With your chosen rent-to-income ratio, an annual income of $56,000 is recommended to comfortably afford this 1-bedroom rental priced at $1,400 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,400

Rent Affordability Calculator

Interested in 516 W Melrose St #404?

Find out more about this property & see if it's available now.

Property managed by:

CL Leasing
(312) 858-0336

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.