Search the lowest-cost Apartments available for rent right now in Deerfield.
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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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Deerfield Studio Apartments | $1,931 | $1,547 | $2,331 |
| Cheap Deerfield 1 Bedroom Apartments | $2,568 | $1,495 | $4,693 |
| Cheap Deerfield 2 Bedroom Apartments | $3,476 | $2,354 | $5,700 |
| Cheap Deerfield 3 Bedroom Apartments | $4,762 | $2,100 | $7,500 |
The cheapest available apartment rental in Deerfield, IL is a Studio unit found at Springs at Lake Cook Crossing in the Briergate Station neighborhood priced from $1,956. Woodview Apartments in the North Northfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,135. Here is today’s list of the most affordable Deerfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springs at Lake Cook Crossing | Studio Haven Summit | Studio,1BA | $1,956 |
| Woodview Apartments | 1 Bed/1 Bath | 1BR,1BA | $2,135 |
| Park Townhomes | 1BR/1.5BA | 1BR,1BA | $2,160 |
| Terraces at Deerfield | 1D | 1BR,1BA | $2,220 |
| 301 Riverwalk Place | The Elm | 1BR,1BA | $2,295 |
As of June 11, 2026 the best value apartment in the Deerfield area is the $2.45 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $3,995. The second greatest value Deerfield apartment is the 350 Prairie Ave Model at 350 Prairie Ave, Unit A starting at $2,100 with a $1.75 price per square foot in the Briergate Station neighborhood. Here is today’s list of the best values for Deerfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhomes at Pointe Drive | Center Unit | 3BR,2.5BA | $2.45 |
| 350 Prairie Ave, Unit A | 350 Prairie Ave | 3BR,1BA | $1.75 |
| TGM NorthShore | B10 | 2BR,2BA | $2.96 |
| 301 Riverwalk Place | The Elm | 1BR,1BA | $2.38 |
| Springs at Lake Cook Crossing | 1 BR Vue Courtyard w/ Garage | 1BR,1BA | $3.33 |
| Terraces at Deerfield | 1B | 1BR,1BA | $3.06 |
| Park Townhomes | 1BR/1.5BA | 1BR,1.5BA | $2.82 |
| AMLI Deerfield | A3 | 1BR,1BA | $3.20 |
| 124 S Central Ave, Unit First Floor Apartment | 124 S Central Ave | 1BR,1BA | $2.36 |
| Woodview Apartments | 1 Bed/1 Bath | 1BR,1BA | $3.19 |
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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Read ArticleFrom 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 ArticleThe 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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See the most popular apartments and homes in Deerfield, IL
Currently the most affordable Cheap Studio Apartment in Deerfield is at Springs at Lake Cook Crossing listed at $2,021.
The lowest price for a Cheap One Bedroom Deerfield Apartment is $2,135 at Woodview Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Deerfield is starting from $2,661 at Woodview Apartments.
The best deal on a cheap Deerfield Three Bedroom Apartment rental is at Springs at Lake Cook Crossing and starts from $3,453.
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.
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