2-Bedroom Apartment Rent in Homewood, IL
Median asking rent for a 2-bedroom apartment in Homewood, Illinois as of August 2026. That's +15% lower than the citywide median of $1,991 and +3% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Homewood
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Homewood
Compare Homewood's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Illinois
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Carbondale | $670 |
| 2 | Dixon | $870 |
| 3 | Pekin | $920 |
| 4 | Charleston | $930 |
| 5 | Quincy | $950 |
| 6 | Macomb | $960 |
| 7 | Peoria Heights | $980 |
| 8 | Rantoul | $980 |
| 9 | Rock Island | $990 |
| 10 | Decatur | $995 |
| 11 | Danville | $1,010 |
| 12 | Moline | $1,010 |
| 13 | Normal | $1,010 |
| 14 | Savoy | $1,010 |
| 15 | Pontoon Beach | $1,014 |
Most expensive cities for a 2-bedroom in Illinois
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Morton Grove | $2,640 |
| 2 | Deerfield | $2,640 |
| 3 | Barrington | $2,640 |
| 4 | Wilmette | $2,530 |
| 5 | Buffalo Grove | $2,530 |
| 6 | Highland Park | $2,490 |
| 7 | Plainfield | $2,455 |
| 8 | Naperville | $2,388 |
| 9 | Vernon Hills | $2,380 |
| 10 | Streamwood | $2,380 |
| 11 | Northbrook | $2,370 |
| 12 | Bartlett | $2,340 |
| 13 | Bolingbrook | $2,325 |
| 14 | Romeoville | $2,310 |
| 15 | Elmhurst | $2,310 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Homewood.
| City | Distance | 2-Bedroom rent | vs Homewood |
|---|---|---|---|
| Park Forest, IL | 5.7 mi | $1,840 | +$140 (+8%) |
| Dolton, IL | 6.6 mi | $1,930 | +$230 (+14%) |
| Riverdale, IL | 6.6 mi | $1,440 | $-260 (-15%) |
| Blue Island, IL | 6.7 mi | $1,340 | $-360 (-21%) |
| Midlothian, IL | 7.2 mi | $1,470 | $-230 (-14%) |
| Lansing, IL | 7.9 mi | $1,530 | $-170 (-10%) |
| Calumet City, IL | 8.6 mi | $1,430 | $-270 (-16%) |
| Alsip, IL | 9.4 mi | $1,390 | $-310 (-18%) |
| Munster, IN | 11.1 mi | $1,450 | $-250 (-15%) |
| Evergreen Park, IL | 11.6 mi | $1,620 | $-80 (-5%) |
| Oak Lawn, IL | 12.3 mi | $1,630 | $-70 (-4%) |
| Worth, IL | 12.4 mi | $1,490 | $-210 (-12%) |
2-Bedroom rent in Homewood — common questions
How much is a 2-bedroom apartment in Homewood?
As of August 2026, the median 2-bedroom apartment rent in Homewood, Illinois is $1,700 per month. This is +15% below the citywide median of $1,991.
What income do you need to afford a 2-bedroom in Homewood?
Using the standard 30% rent-to-income rule, you would need an annual income of about $68,000 ($5,667/month gross), which works out to roughly $32.69/hour at a full-time job.
Is Homewood expensive for a 2-bedroom compared to the rest of the US?
Homewood's 2-bedroom median of $1,700 is +3% above the national 2-bedroom median of $1,655. It ranks in the 52th percentile of US cities tracked.
How does Homewood rank for 2-bedroom rent in Illinois?
Among the 142 cities in Illinois with 2-bedroom data, Homewood ranks #75 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Homewood?
Yes — nearby cities with cheaper 2-bedroom rents include Riverdale ($1,440), Blue Island ($1,340), Midlothian ($1,470).