Cheap Homes for Rent near Deer Park, IL from $1,400 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2024 N Rand Rd

$1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,875

Total Monthly Price
$1,875

2 Bedroom, 2 Bath Condo for Rent

Available Aug 1

2024 N Rand Rd, Unit 205

2024 N Rand Rd
PalatineIL60074

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 241 Main, LLC in the Hawthorn Woods Country Club neighborhood priced from $1,415. Arrowhead Apartments in the Cherrybrook Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here is today’s list of the most affordable Deer Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
241 Main, LLC1BR/1.0BA1BR,1BA$1,415
Arrowhead ApartmentsA11BR,1BA$1,495
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,660
Albion on NorthwestElm (A1) 1 Bedroom Aparment1BR,1BA$1,713
The Clayson2 Bedrooms2BR,1BA$1,804

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

As of July 26, 2026 the best value apartment in the Deer Park area is the $1.53 price per square foot 826 E Capri Dr Model at 826 E Capri Dr, Unit 826 #1 in the in the Cherrybrook Village neighborhood starting from $2,250. The second greatest value Deer Park apartment is the D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook starting at $2,789 with a $2.08 price per square foot in the Cherrybrook Village 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.
826 E Capri Dr, Unit 826 #1826 E Capri Dr3BR,1.5BA$1.53
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$2.08
Eastbanks of Lake Zurich2/22BR,2BA$1.91
The Landings of Lake Zurich2 Bdrm/2 Bath2BR,2BA$2.17
The Clayson2 Bedrooms2BR,1BA$1.90
241 Main, LLC1BR/1.0BA1BR,1BA$1.89
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$2.24
Albion on NorthwestOak (Ah) 1 Bedroom Apartment1BR,1BA$2.35
Arrowhead ApartmentsA11BR,1BA$2.10
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Deer Park, IL Rentals by Map

View Map
Deer Park, IL Apartments Map
View Map
Deer Park, IL Rental Homes Map

Frequently Asked Questions about Deer Park

What type of rentals are currently available in Deer Park?

There are currently 101 Apartments for Rent in Deer Park, IL with pricing that ranges from $1,370 to $9,697. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deer Park ranging from $1,450 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 $1,450 to $8,400 with an average monthly rent of $3,095.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.