4

Homewood, IL Homes for Rent

Section Image
  • /14

    $2,695 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 $2839.90. That covers your base rent, $2695.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    1808 W 187th St, 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
  • /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
  • /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 1 bedrooms and 1 bath 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

Why Live in Homewood

Homewood, located 25 miles southwest of Chicago, is a village known for its extensive park system and recreational amenities. The area boasts nearly 30 parks, including the expansive Izaak Walton Forest Preserve, which offers lakes, woodlands, and wetlands. Golf enthusiasts can enjoy three country clubs: the public Ravisloe Country Club, the semi-public Calumet Country Club, and the private Idlewild Country Club. Homewood's downtown features the original Aurelio’s Pizza, famous for its Chicago-style thin-crust pizza, and Grady’s Snack N’ Dine, a retro diner. The Homewood Science Center provides free STEM programs and hands-on activities for families. The village is also adorned with murals by Richard Haas, adding a cultural touch to the downtown area. Home styles in Homewood range from small brick cottages and Tudor-influenced Cape Cods to raised ranch and split-level homes, primarily built in the 1950s and ‘60s. The neighborhood is served by highly rated schools, including Willow School, James Hart School, and Homewood-Flossmoor High School. The Homewood Metra and Amtrak station offers convenient rail access to downtown Chicago, complemented by local bus services. Homewood is safer than the national average, making it a practical choice for families.

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 $1,950 per month, though prices vary by neighborhood, size, and property type. As of September 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 $78,000 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 $1,950 per month in Homewood, IL, renters typically need to show $5,850 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 10.5, 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.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,950
Median Single Family Home Rent
$2,550
Median Condo Rent
$1,675
How to Rent a Home