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Homewood, IL Condos for Rent

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  • 955 Elder Rd Unit 1N, Homewood, IL 60430
    955 Elder Rd Unit 1N, Homewood, IL 60430
    955 Elder Rd Unit 1N, Homewood, IL 60430
    /11

    $1,900 Per Month

    • 3 Beds
    • 1.5 Baths
    • Condo for Rent

    955 Elder Rd Unit 1N, Homewood, IL 60430

    Property Id: 2764307 Welcome to this 3-bedroom and 1.5 - baths apartment for rent located in Homewood, IL. This beautiful home is located in a quiet neighborhood and a cozy living space. This is recently remodeled, comes with appliances one parking space in the parking lot and street parking. Application requirements: - 2 months most recent Paystubs, 1040 Individual Tax Return,

    955 Elder Rd Unit 1N, Homewood, IL 60430
  • 1952 Ridge Rd Unit 2S, Homewood, IL 60430
    1952 Ridge Rd Unit 2S, Homewood, IL 60430
    1952 Ridge Rd Unit 2S, Homewood, IL 60430
    /25

    $2,000 Per Month

    • 2 Beds
    • 1 Bath
    • 916 Sq Ft
    • Condo for Rent

    1952 Ridge Rd Unit 2S, Homewood, IL 60430

    FOR RENT - Welcome to downtown Homewood living in this spacious and light-filled second-floor apartment located in a distinctive historic building in the heart of the business district! This unique rental residence offers an open and flexible floor plan highlighted by soaring ceilings, oversized windows, skylights and an abundance of natural light throughout. The expansive living and dining areas

    Rommi Achterhof Coldwell Banker Realty

    1952 Ridge Rd Unit 2S, Homewood, IL 60430
  • 1952 Ridge Rd Unit 2N, Homewood, IL 60430
    1952 Ridge Rd Unit 2N, Homewood, IL 60430
    1952 Ridge Rd Unit 2N, Homewood, IL 60430
    /22

    $2,000 Per Month

    • 2 Beds
    • 1 Bath
    • 831 Sq Ft
    • Condo for Rent

    1952 Ridge Rd Unit 2N, Homewood, IL 60430

    FOR RENT - Enjoy downtown Homewood living in this beautifully updated 2nd-floor condo rental situated above commercial space in a distinctive brick and stone building! This light-filled 2-bedroom, 1-bath condo offers a spacious open floor plan with fresh neutral paint, new flooring, oversized white trim and doors, and updated lighting throughout. The large living area features wonderful western

    Rommi Achterhof Coldwell Banker Realty

    1952 Ridge Rd Unit 2N, Homewood, IL 60430
  • 2051 Ridge Rd Unit 2B, Homewood, IL 60430
    2051 Ridge Rd Unit 2B, Homewood, IL 60430
    /2

    $1,650 Per Month

    • 1 Bed
    • 1 Bath
    • 670 Sq Ft
    • Condo for Rent

    2051 Ridge Rd Unit 2B, Homewood, IL 60430

    Downtown Homewood - Steps from the Metra! Beautiful two-level condo featuring 2 bedrooms and 1.5 baths in a prime location. Enjoy being right next door to shopping, restaurants, and transportation. Homewood/ Flossmoor School district. All applicants 18+ must complete a credit check. Minimum credit score 650. Employment history, rental history, and references.

    Danijela Savic Proven Real Estate Services LLC

    2051 Ridge Rd Unit 2B, Homewood, IL 60430
Illinois Cook County

Condos for Rent in Homewood, IL

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 $1,688 per month, though prices vary by neighborhood, size, and property type. As of August 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 $107,600 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 $2,690 per month in Homewood, IL, renters typically need to show $8,070 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 7.7, 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.

Condo Rental Trends in Homewood, IL

There are currently 4 condos available for rent in Homewood, IL. The median rent is $1,688 per month, with 1-bedroom condos renting at $1,625, 2-bedroom condos at $1,700 and 3-bedroom condos at $1,900.

Rental Home Trends

Number of Condos for Rent
4
Median Condo Rent
$1,688
Median 1 Bedroom Condo Rent
$1,625
Median 2 Bedroom Condo Rent
$1,700
Median 3 Bedroom Condo Rent
$1,900
How to Rent a Home

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