Studio Apartment Rent in Homewood, IL
Median asking rent for a studio apartment in Homewood, Illinois as of July 2026. That's +44% lower than the citywide median of $2,524 and +9% above the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Homewood
Compare Homewood's median rent across every apartment size.
Cheapest cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Dixon | $610 |
| 2 | Rantoul | $638 |
| 3 | Charleston | $640 |
| 4 | Quincy | $650 |
| 5 | Macomb | $660 |
| 6 | Pekin | $660 |
| 7 | Rock Island | $680 |
| 8 | Danville | $690 |
| 9 | Carbondale | $700 |
| 10 | Moline | $700 |
| 11 | Normal | $720 |
| 12 | Peoria | $738 |
| 13 | Springfield | $750 |
| 14 | Washington | $750 |
| 15 | Decatur | $760 |
Most expensive cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Morton Grove | $2,190 |
| 2 | Lake Forest | $2,190 |
| 3 | Deerfield | $2,190 |
| 4 | Barrington | $2,190 |
| 5 | Wilmette | $2,100 |
| 6 | Buffalo Grove | $2,100 |
| 7 | Highland Park | $2,060 |
| 8 | Plainfield | $2,015 |
| 9 | Naperville | $1,978 |
| 10 | Vernon Hills | $1,970 |
| 11 | Streamwood | $1,970 |
| 12 | Northbrook | $1,960 |
| 13 | Bartlett | $1,940 |
| 14 | Bolingbrook | $1,925 |
| 15 | Romeoville | $1,910 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Homewood.
| City | Distance | Studio rent | vs Homewood |
|---|---|---|---|
| Park Forest, IL | 5.7 mi | $1,520 | +$110 (+8%) |
| Dolton, IL | 6.6 mi | $1,600 | +$190 (+13%) |
| Riverdale, IL | 6.6 mi | $1,190 | $-220 (-16%) |
| Blue Island, IL | 6.7 mi | $1,110 | $-300 (-21%) |
| Midlothian, IL | 7.2 mi | $1,220 | $-190 (-13%) |
| Lansing, IL | 7.9 mi | $1,270 | $-140 (-10%) |
| Calumet City, IL | 8.6 mi | $1,180 | $-230 (-16%) |
| Alsip, IL | 9.4 mi | $1,150 | $-260 (-18%) |
| Munster, IN | 11.1 mi | $1,040 | $-370 (-26%) |
| Evergreen Park, IL | 11.6 mi | $1,340 | $-70 (-5%) |
| Oak Lawn, IL | 12.3 mi | $1,350 | $-60 (-4%) |
| Orland Park, IL | 12.5 mi | $1,490 | +$80 (+6%) |
Studio rent in Homewood — common questions
How much is a studio apartment in Homewood?
As of July 2026, the median studio apartment rent in Homewood, Illinois is $1,410 per month. This is +44% below the citywide median of $2,524.
What income do you need to afford a studio in Homewood?
Using the standard 30% rent-to-income rule, you would need an annual income of about $56,400 ($4,700/month gross), which works out to roughly $27.12/hour at a full-time job.
Is Homewood expensive for a studio compared to the rest of the US?
Homewood's studio median of $1,410 is +9% above the national studio median of $1,290. It ranks in the 59th percentile of US cities tracked.
How does Homewood rank for studio rent in Illinois?
Among the 140 cities in Illinois with studio data, Homewood ranks #71 from cheapest to most expensive.
Are there cheaper studio options near Homewood?
Yes — nearby cities with cheaper studio rents include Riverdale ($1,190), Blue Island ($1,110), Midlothian ($1,220).