Cheap Apartments for Rent in Deer Park, IL from $900 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in Deer Park.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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514 Spruce Dr, Unit 1
$1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695
2 Bedroom Apartment Available Now

514 Spruce Dr, Unit 1

514 Spruce DrPalatine, IL 60074
  • Smoke Free
property at 162 Walton St

$1,725 - $2,495

2 To 3 Bedroom Rentals

Available Now

162 Walton St

BarringtonIL60010
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Palatine Square
Studio to 2 Bedroom Apartments

Palatine Square

1517 Winslowe StPalatine, IL 60074
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Liberty Lake
1 to 3 Bedroom Apartments

Liberty Lake

201 S Buesching RdLake Zurich, IL 60047
  • Utilities Included
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Country Glen
1 to 2 Bedroom Apartments

Country Glen

2264 Nichols RdArlington Heights, IL 60004
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 1 Renaissance Pl

$1,600 - $2,100

1 To 2 Bedroom Rentals

Available Now

1 Renaissance Pl

PalatineIL60067
property at 444 Osage Ln

$1,650

2 Bedroom Rentals

Available Now

444 Osage Ln

PalatineIL60074

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Waters Edge
1 to 2 Bedroom Apartments

Waters Edge

241-45 Main StLake Zurich, IL 60047

Deer Park, IL Local Guide

Cheapest Available Deer Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Deer Park, IL is a 1 Bed unit found at The Gates of Deer Grove Apartment Homes in the Cherrybrook Village neighborhood priced from $1,620. Arrowhead Apartments in the Cherrybrook Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,630. Here is today’s list of the most affordable Deer Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,620
Arrowhead ApartmentsA21BR,1BA$1,630
Albion on NorthwestOak (As) 1 Bedroom Apartment1BR,1BA$1,633
The Clayson2 Bedrooms2BR,1BA$1,797
241 Main, LLC2BR/2.0BA2BR,2BA$1,800

Best Value Apartments for Rent in Deer Park, IL and Nearby

As of June 10, 2026 the best value apartment in the Deer Park area is the $1.94 price per square foot D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,607. The second greatest value Deer Park apartment is the 2 Bdrm/2 Bath Model at The Landings of Lake Zurich starting at $2,254 with a $2.16 price per square foot in the Hawthorn Woods Country Club neighborhood. Here is today’s list of the best values for Deer Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.94
The Landings of Lake Zurich2 Bdrm/2 Bath2BR,2BA$2.16
Waters Edge2BR/2.0BA2BR,2BA$1.83
The Clayson2 Bedrooms2BR,1BA$1.89
514 Spruce Dr, Unit 1514 Spruce Dr2BR,1BA$1.88
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$2.19
Albion on NorthwestOak (Ah) 1 Bedroom Apartment1BR,1BA$2.42
Arrowhead Apartment HomesA11BR,1BA$2.32
104 N Hager Ave, Unit 2nd Floor104 N Hager Ave2BR,1BA$2.07
502 W Main St, Unit 502 W Main Street - 1st Floor502 W Main St1BR,1BA$2.14

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Deer Park Apartments

How much is rent for a Cheap One Bedroom Deer Park Apartment?

The lowest price for a Cheap One Bedroom Deer Park Apartment is $1,615 at The Gates of Deer Grove Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Deer Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Deer Park is starting from $1,783 at Albion on Northwest.

What is the most affordable Deer Park Three Bedroom Apartment?

The best deal on a cheap Deer Park Three Bedroom Apartment rental is at Albion on Lake Cook and starts from $2,607.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.