Last updated on June 16, 2026

Average rent in
Homewood, IL

Median rent

Median rent in Homewood

$2,500/mo

increased by43%

vs previous year

The average rent in Homewood is $2,500 per month as of June 2026. This is 28% above the national average rent, or $550 more per month.

$2.55

average price per square foot

Total rentals

Available rentals in Homewood

10

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Homewood rentals at each price point

65%49%33%16%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Homewood, IL, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Homewood, IL

Average rent prices in Homewood have remained the same over the last month and have increased by 43% 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 $1,560, whereas a house costs $2,700. 1-bedroom apartments in Homewood run $1,365 on average, while 2-bedroom apartments are $1,597.

Listings

Studio

$900

9%

8%

1 bedroom

$1,415

6%

8%

2 bedroom

$1,677

3%

4%

3 bedroom

$2,300

1%

11%

4 bedroom

$2,700

19%

5%

Studio

Average rent

$900

Last 30 days

9%

Last year

8%

1 bedroom

Average rent

$1,415

Last 30 days

6%

Last year

8%

2 bedroom

Average rent

$1,677

Last 30 days

3%

Last year

4%

3 bedroom

Average rent

$2,300

Last 30 days

1%

Last year

11%

4 bedroom

Average rent

$2,700

Last 30 days

19%

Last year

5%

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 by28%

higher than the national median

Median rent price$1,550
decreased by21%

lower than the national median

Takeaway

The median rent for all rentals in Homewood, IL is 61% higher than the median rent in Chicago Heights, IL.

Discover rentals in Homewood, IL

17561 Hillside Ave - Photo 1 of 1

1d ago

Apartment for rent in Homewood

SINGLE_FAMILY - Homewood, IL

17561 Hillside Ave, Homewood, IL 60430

3 beds

1 bath

$2,500

$2,300

Price drop

Apartment for rent

1808 187th St - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

1808 187th St Homewood, IL 60430

1808 187th St, Homewood, IL 60430

3 beds

2 baths

$2,735

House for rent

Available Mar 13

1525 Burr Oak, Homewood, IL 60430 #1 - Photo 1 of 1

5d+ ago

House for rent in Homewood

1525 Burr Oak, Homewood, IL 60430 - 1

1525 Burr Oak, Homewood, IL 60430 #1, Homewood, IL 60430

3 beds

2 baths

$2,750

House for rent

Available Feb 25

1525 Burr Oak Rd - Photo 1 of 1

5d+ ago

House for rent in Homewood

House for rent

Available Feb 25

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 June 13, 2026.

Is rent up or down in Homewood?

Average rent prices in Homewood have remained the same over the last month and have increased by 43% since last year.

How does Homewood rent compare to the national average?

Rent in Homewood is 28% above the national average, which means renters are paying approximately $550 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.

When is the best time of year to rent in Homewood?

Utilities are rarely included in Homewood rental properties, with less than 1% of total listings including utilities as part of the rent. One-bedroom apartments have the highest rate of utility inclusion at approximately 0.3% of listings, while two-bedroom apartments typically do not include utilities in the rental price.

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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