Homes & Apartments for Rent in Glenwood, IL

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What to Know About

Life in Glenwood & Beyond

Glenwood shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Glenwood, IL

As of June 2026, Glenwood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Glenwood's average rent is 7.8% ($132) lower than the Illinois average of $1,694 and 13.1% ($235) lower than the U.S. average of $1,797.

Average Rent
$1,562
Monthly ChangeMonth Over Month Change
Increased1% ($15)
Yearly ChangeYear Over Year Change
Decreased9.2% ($158)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,279 Decreased5.3% ($71) Increased6.2% ($75)
2 Beds $1,577 Increased0.1% ($2) Increased1.7% ($27)
3 Beds $1,869 Increased3% ($55) Increased7.3% ($127)
Nearby Cities Average Rent Avg. Rent vs. GlenwoodAverage Rent vs. Glenwood Avg. Days on MarketAverage Days on Market
Chicago Heights $1,549 Decreased0.8% ($13) 24 days
Lansing $1,550 Decreased0.8% ($12) 29 days
Steger $1,334 Decreased14.6% ($228) 27 days
Harvey $961 Decreased38.5% ($601) 25 days
Calumet City $1,242 Decreased20.5% ($320) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Glenwood Rental Market FAQs

Explore rental prices, market trends, and availability in Glenwood, IL.

The average rent in Glenwood, IL is $1,562 per month.
Homes in Glenwood typically rent for between $895 and $2,430 per month, with an average of $1,562 per month.
In Glenwood, the average rent for a 1-bedroom home is $1,279 per month, for a 2-bedroom home, $1,577 per month, and a 3-bedroom home is $1,869 per month.
The average rent in Glenwood is 13.1% ($235) lower than the national average of $1,797 per month.
The average rent in Glenwood has increased by 1.0% ($15) in the last month and decreased by 9.2% ($158) over the past year.
The rental market in Glenwood, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Glenwood, IL, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Glenwood, IL.
Based on the current averages, a household would need an annual income of $63,080 to comfortably afford a 2-bedroom home in Glenwood.
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