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Homewood, IL Condos for Rent

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  • /20

    $9,289

    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 $9,290/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 13, 2027.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

    1601 183rd St Unit SI ID1237861P, Homewood, IL 60430
  • /20

    $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

Frequently Asked Questions

How much does it cost to rent a condo in Homewood, IL?
The median rent for a condo in Homewood, IL is $1,700 per month, though prices vary by neighborhood, size, and property type. As of June 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 $334,480 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 $8,362 per month in Homewood, IL, renters typically need to show $25,086 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 2.5, 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 condo?
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 condo include South Shore and Englewood, each with its own character and price range.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,700
Median 1 Bedroom Condo Rent
$1,600
Median 2 Bedroom Condo Rent
$1,688
Median 3 Bedroom Condo Rent
$8,362
How to Rent a Home