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Newest Homes for Rent in Homewood, IL

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  • /2

    $2,800 Per Month

    • 4 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • House for Rent

    18117 Loomis Ave, Homewood, IL 60430

    Property Id: 1235121One of the best school districts, Homewood Flossmoor, school district 3 bedroom, one bathroom house in Homewood Illinois. ? All section 8 as welcome. Please call me if you’re interested Mrs. McCann. +1 .

    (708) 249-3507

    18117 Loomis Ave, Homewood, IL 60430
  • /12

    $2,350 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,159 Sq Ft
    • Townhouse for Rent

    2173 171st St, Hazel Crest, IL 60429

    Completely rehabbed Township 3 bedrooms 1.5 baths, stainless Steel appliances( Stove, refrigerator and dishwasher. Finished Basement with laundry hook up. Section 8 Welcome 3 bedroom voucher required.

    Willie Jones Associate Brokers, Inc.

    2173 171st St, Hazel Crest, IL 60429
  • /14

    $2,735 Per Month

    • 3 Beds
    • 2 Baths
    • 1,465 Sq Ft
    • House for Rent

    1808 W 187th St, Homewood, IL 60430

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2879.90. That covers your base rent, $2735.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    (708) 991-8621

    1808 W 187th St, Homewood, IL 60430
  • /20

    $2,750 Per Month

    • 3 Beds
    • 2 Baths
    • 1,195 Sq Ft
    • House for Rent

    1525 Burr Oak Rd, Homewood, IL 60430

    Beware: We do not advertise properties on Craigslist, Facebook Marketplace, or other classified advertising websites. If you believe one of our properties is listed there, please notify us immediately. Gorgeous 3-bedroom, 2-bathroom house in Homewood. You will simply love it. Fantastic location close to all types of amenities! Make this beautiful property your home. Don't miss out! Check out the

    Gino Picciola Chase Real Estate LLC

    1525 Burr Oak Rd, Homewood, IL 60430
  • /20

    $20,602

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • Condo for Rent

    514 N Arizona Ave Unit SI ID1306540P, Glenwood, IL 60425

    The advertised rate of $20,603/month is the lowest available price, based on a 30 day(s) stay with a move-in date of May 30, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    (464) 888-5124

    514 N Arizona Ave Unit SI ID1306540P, Glenwood, IL 60425
  • /24

    $14,801

    Total Monthly Price

    • 5 Beds
    • 2.5 Baths
    • Condo for Rent

    18101 Marlin Ln Unit SI ID1285717P, Homewood, IL 60430

    The advertised rate of $14,801/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 5, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    18101 Marlin Ln Unit SI ID1285717P, Homewood, IL 60430
  • /20

    $8,669

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,528 Sq Ft
    • Condo for Rent

    1601 183rd St Unit SI ID1237861P, Homewood, IL 60430

    The advertised rate of $8,669/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 15, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    (708) 816-1853

    1601 183rd St Unit SI ID1237861P, Homewood, IL 60430

Frequently Asked Questions

How much does it cost to rent a home in Homewood, IL?
The median rent for a home in Homewood, IL is $5,714 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Homewood, IL?
To comfortably afford the median rent in Homewood, IL, a household needs to earn roughly $228,560 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $5,714 per month in Homewood, IL, renters typically need to show $17,142 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Homewood, IL?
In Homewood, IL, the price-to-rent ratio is 3.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Homewood, IL are best for renting a home?
The best neighborhood for renting in Homewood, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Hazel Crest Proper, Beacon Hill and Roosevelt-Cook County, each with its own character and price range.

Rental Home Trends in Homewood, IL

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$5,714
Median Single Family Home Rent
$2,625
Median Condo Rent
$1,700
How to Rent a Home