Cheap Apartments for Rent in Homewood, IL

21 rentals

Apartments For Rent Near Homewood, IL

We found 30 more apartments matching your filters just outside Homewood

Average Rent Trends in Homewood, IL

Rent in Homewood, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
Oct 2025$2,599
Nov 2025$2,300
Dec 2025$2,400
Jan 2026$2,300
Feb 2026$2,300
Mar 2026$2,889
Apr 2026$2,990
May 2026$2,930
Jun 2026$2,825
Jul 2026$2,800
Aug 2026$2,650
Sep 2026$2,580
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Average Rent By Bedroom and Home Type

In September 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,000$1,625$3,095$3,250$2,500
Apartments and Condos—$1,585$1,900—$1,625
Houses—$2,695$3,095$3,250$3,250
See more information about local market trends in Homewood, IL

Frequently Asked Questions about Rentals in Homewood, IL

  • What is the average rent of an apartment in Homewood, IL?
    The average rent of an apartment in Homewood, IL is $1,938 per month. This is about 1% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Homewood, IL?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,795 per month.
  • How many cheap apartments are available in Homewood, IL?
    There are 10 apartments to rent that are cheaper than the city’s average rent of $2,500.
  • When is the average rent most expensive in Homewood, IL?
    In the last year, the average rent in Homewood, IL was highest in May 2025 when it was $2,800 per month.
  • What are some zip codes in Homewood, IL?
    Homewood, IL includes zip codes such as: 60430.
  • What are some cities near Homewood, IL?
    Some nearby cities include: East Hazel Crest, Flossmoor, Hazel Crest, Glenwood, Olympia Fields. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Homewood, IL - 70 Rentas | Trulia