Last updated on August 1, 2026

Average rent in
Homewood, IL

Median rent

Median rent in Homewood

$1,900/mo

increased by15%

vs previous year

The average rent in Homewood is $1,900 per month as of July 2026. This is 2% below the national average rent, or $30 less per month.

$1.16

average price per square foot

Total rentals

Available rentals in Homewood

20

for rent on Zumper.com as of July 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

Rent trends in Homewood, IL

Average rent prices in Homewood have decreased by 18% over the last month and have increased by 15% 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 $1,622, whereas a house costs $2,640. 1-bedroom apartments in Homewood run $1,390 on average, while 2-bedroom apartments are $1,600.

Listings

Studio

$1,135

9%

63%

1 bedroom

$1,365

5%

2%

2 bedroom

$2,300

24%

44%

3 bedroom

$2,500

23%

12%

4 bedroom

$2,625

46%

14%

Studio

Average rent

$1,135

Last 30 days

9%

Last year

63%

1 bedroom

Average rent

$1,365

Last 30 days

5%

Last year

2%

2 bedroom

Average rent

$2,300

Last 30 days

24%

Last year

44%

3 bedroom

Average rent

$2,500

Last 30 days

23%

Last year

12%

4 bedroom

Average rent

$2,625

Last 30 days

46%

Last year

14%

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$1,900
decreased by2%

lower than the national median

Median rent price$1,550
decreased by20%

lower than the national median

Takeaway

The median rent for all rentals in Homewood, IL is 23% higher than the median rent in Chicago Heights, IL.

Discover rentals in Homewood, IL

1853 183rd St #REAR1 - Photo 1 of 1

5d+ ago

Apartment for rent in Homewood

Updated 2-Bedroom Apartment in Homewood

1853 183rd St #REAR1, Homewood, IL 60430

2 beds

1 bath

$1,600

Apartment for rent

Available Jul 15

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

$2,000

Apartment for rent

Available Jul 25

17752 Dixie Hwy #2 - Photo 1 of 1

5d+ ago

Apartment for rent in Homewood

3 beds

2 baths

$2,250

Apartment for rent

Available Aug 15

1802 Evergreen Rd - Photo 1 of 1

3d ago

Our team has verified this company

Verified

4 beds

2 baths

$2,825

House for rent

Available Jul 27

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 $1,900 per month as of July 25, 2026.

Is rent up or down in Homewood?

Average rent prices in Homewood have decreased by 18% over the last month and have increased by 15% since last year.

How does Homewood rent compare to the national average?

Rent in Homewood is 2% below the national average, which means renters are paying approximately $30 less per month.

What salary do I need to afford rent in Homewood?

To comfortably afford rent in Homewood, you'd need to earn approximately $76,000/year, based on spending no more than 30% of your income on rent.

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

Based on our current listings, utilities-included rentals are extremely rare in Homewood, appearing in under 1% of units. One-bedrooms show the highest rate at 0.22% of listings.

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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