The aim of this paper is to study codimension one foliations on rational homogeneous spaces, with a focus on the moduli space of foliations of low degree on Grassmannians and cominuscule spaces. Using equivariant techniques, we show that codimension one degree zero foliations on (ordinary, orthogonal, symplectic) Grassmannians of lines, some spinor varieties, some Lagrangian Grassmannians, the Cayley plane (an E6-variety) and the Freudenthal variety (an E7-variety) are identified with restrictions of foliations on the ambient projective space. We also provide some evidence that such results can be extended beyond these cases.