Cheap Apartments for Rent in Homewood, IL

20 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 increased in Nov 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
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
Oct 2026$2,200
Nov 2026$2,250
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,240$1,895$2,967$7,350$2,329
Apartments and Condos$1,240$1,675$2,250$16,601$1,675
Houses—$2,150$2,967$2,750$2,900
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 $1,871 per month. This is about 3% 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 $2,329.
  • 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.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Homewood, IL?
    The average rent of a 1 bedroom apartment in Homewood, IL is $1,240 per month. That is about $560 less than the cost of a studio apartment.
  • 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.
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