Last updated on September 15, 2026

Average rent in
Homewood, IL

Median rent

Median rent in Homewood

$2,500/mo

increased by11%

vs previous year

The average rent in Homewood is $2,500 per month as of September 2026. This is 32% above the national average rent, or $600 more per month.

$1.89

average price per square foot

Total rentals

Available rentals in Homewood

21

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Homewood rentals at each price point

70%53%35%18%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Homewood, IL

Average rent prices in Homewood have decreased by 14% over the last month and have increased by 11% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Homewood, IL

Rent prices in Homewood vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Homewood is $1,887, whereas a house costs $2,695. 1-bedroom apartments in Homewood run $1,495 on average, while 2-bedroom apartments are $1,650.

Listings

Studio

$1,695

9%

21%

1 bedroom

$1,395

1%

118%

2 bedroom

$1,830

9%

19%

3 bedroom

$2,600

No Change

28%

4 bedroom

$2,750

15%

65%

Studio

Average rent

$1,695

Last 30 days

9%

Last year

21%

1 bedroom

Average rent

$1,395

Last 30 days

1%

Last year

118%

2 bedroom

Average rent

$1,830

Last 30 days

9%

Last year

19%

3 bedroom

Average rent

$2,600

Last 30 days

No Change

Last year

28%

4 bedroom

Average rent

$2,750

Last 30 days

15%

Last year

65%

The table above reflects average rent prices in Homewood, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Homewood, IL compare to other cities?

Compare median rent prices in Homewood and Chicago Heights by all bedroom counts and property types.

Homewood

Median rent price$2,500
increased by32%

higher than the national median

Median rent price$1,650
decreased by13%

lower than the national median

Takeaway

The median rent for all rentals in Homewood, IL is 52% higher than the median rent in Chicago Heights, IL.

Discover rentals in Homewood, IL

955 Elder Rd #1N - Photo 1 of 1

5d+ ago

Apartment for rent in Homewood

$2,000/mo - 955 Elder Rd, Unit 1N, Homewood, IL 60430

955 Elder Rd #1N, Homewood, IL 60430

3 beds

1.5 baths

$1,900

18549 Dundee Ave - Photo 1 of 1

4d ago

House for rent in Homewood

Residential Lease, Homewood, IL

18549 Dundee Ave, Homewood, IL 60430

3 beds

2 baths

$2,500

1802 Evergreen Rd - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

4 beds

2 baths

$2,705

18117 Loomis Ave - Photo 1 of 1

5d+ ago

House for rent in Homewood

Three bedroom 1 bath,Homewood Flossmoor Schools

18117 Loomis Ave, Homewood, IL 60430

4 beds

2 baths

$2,800

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Homewood, IL

Quick answers to common questions about the Homewood rental market.

How much is rent in Homewood?

The average rent in Homewood is $2,500 per month as of September 12, 2026.

Is rent up or down in Homewood?

Average rent prices in Homewood have decreased by 14% over the last month and have increased by 11% since last year.

How does Homewood rent compare to the national average?

Rent in Homewood is 32% above the national average, which means renters are paying approximately $600 more per month.

What salary do I need to afford rent in Homewood?

To comfortably afford rent in Homewood, you'd need to earn approximately $100,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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