Cheap Apartments for Rent in Homewood, IL

13 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 May 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
Jun 2025$2,155
Jul 2025$2,460
Aug 2025$2,185
Sep 2025$2,650
Oct 2025$2,599
Nov 2025$2,300
Dec 2025$2,400
Jan 2026$2,300
Feb 2026$2,300
Mar 2026$2,887
Apr 2026$2,999
May 2026$2,930
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,250$1,800$2,900$3,250$2,900
Apartments and Condos$1,250$1,725$10,049$18,857$1,800
Houses——$2,895$3,228$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 in Homewood, IL?
    The average rent in Homewood, IL is $2,900. Rent prices range from $1,250 to as much as $19,062, depending on the type of rental.
  • How does the rent in Homewood, IL compare to the national average?
    Average rent in Homewood, IL is about 52% higher than the national average rent of $1,910. That means it is more expensive to rent in Homewood compared to the U.S. average.
  • What is the average rent in Homewood, IL, by number of bedrooms?
    The average rent in Homewood, IL is $ for a studio, $1,250 for a 1 bedroom, $1,800 for a 2 bedroom, $2,900 for a 3 bedroom, and $3,250 for a 4 bedroom.
  • How have rent prices in Homewood, IL changed compared to last year?
    In the past year, the average rent price in Homewood, IL has increased by $300. That means the average rent is 10% higher than last year.
  • How many available rental listings are in Homewood, IL?
    There are 19 available rental listings in Homewood, IL.
  • 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.