
Cheap Homes for Rent in Deer Park, IL from $1,400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Deer Park.


1459 N Winslowe Dr, Unit 301

1461 N Winslowe Dr

2 E Dundee Quarter Dr

15B E Dundee Quarter Dr
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.

2246 W Nichols Rd

1 Renaissance Pl

9 A E Dundee Quarter Dr

444 Osage Ln

1935 N Hicks Rd
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.
Deer Park, IL Local Guide

How much does it cost to rent a home in Deer Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deer Park 2 Bedroom Homes for Rent | $2,439 | $1,650 | $3,200 |
| Deer Park 3 Bedroom Homes for Rent | $3,048 | $1,995 | $4,400 |
| Deer Park 4 Bedroom Homes for Rent | $5,652 | $3,160 | $8,400 |
Browse Top Homes for Rent in Deer Park
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Deer Park, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Gates of Deer Grove Apartment Homes | One Bedroom - 740 sqft | 1BR,1BA | $1,620 |
| Arrowhead Apartments | A2 | 1BR,1BA | $1,630 |
| Albion on Northwest | Oak (As) 1 Bedroom Apartment | 1BR,1BA | $1,633 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Albion on Lake Cook | D1 - 3 Bed, 2 Bath | 3BR,2BA | $1.94 |
| The Landings of Lake Zurich | 2 Bdrm/2 Bath | 2BR,2BA | $2.16 |
| Waters Edge | 2BR/2.0BA | 2BR,2BA | $1.83 |
| The Clayson | 2 Bedrooms | 2BR,1BA | $1.89 |
| 514 Spruce Dr, Unit 1 | 514 Spruce Dr | 2BR,1BA | $1.88 |
| The Gates of Deer Grove Apartment Homes | One Bedroom - 740 sqft | 1BR,1BA | $2.19 |
| Albion on Northwest | Oak (Ah) 1 Bedroom Apartment | 1BR,1BA | $2.42 |
| Arrowhead Apartment Homes | A1 | 1BR,1BA | $2.32 |
| 104 N Hager Ave, Unit 2nd Floor | 104 N Hager Ave | 2BR,1BA | $2.07 |
| 502 W Main St, Unit 502 W Main Street - 1st Floor | 502 W Main St | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Deer Park
What type of rentals are currently available in Deer Park?
There are currently 99 Apartments for Rent in Deer Park, IL with pricing that ranges from $1,450 to $9,616. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deer Park ranging from $1,400 to $8,400.
What is the current price range for Rental Homes in Deer Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Deer Park ranges from $1,400 to $8,400 with an average monthly rent of $3,210.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.

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.

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.