Cheap Apartments for Rent in Deerfield, IL from $400 (26 Rentals)

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

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Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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AMLI Deerfield
$2,055 - $4,907
Total Monthly Price

Total Monthly Price

Base Rent
$2,055 - $4,907

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

AMLI Deerfield

1525 Lake Cook RdDeerfield, IL 60015
Furnished
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  • Customer Reviewed
  • 3D Tour

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.

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Albion Highland Park
$2,171 - $6,491
Total Monthly Price

Total Monthly Price

Base Rent
$2,171 - $6,491

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Albion Highland Park

1850 Green Bay RdHighland Park, IL 60035
Family Friendly
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  • Customer Reviewed
  • 3D Tour

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Crestwood Place
Studio to 2 Bedroom Apartments

Crestwood Place

1000 Waukegan RdNorthbrook, IL 60062
Senior Living
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Rivertrail Apartments
1 to 2 Bedroom Apartments

Rivertrail Apartments

515-519 S Milwaukee AveWheeling, IL 60090
  • Utilities Included
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1660 Green Bay Road
Studio to 1 Bedroom Apartments

1660 Green Bay Road

1660 Green Bay RdHighland Park, IL 60035
  • Utilities Included
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Laurel Apartments
1 to 3 Bedroom Apartments

Laurel Apartments

833 Laurel AveHighland Park, IL 60035

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

Deerfield, IL Local Guide

Cheapest Available Deerfield Apartments for Rent

 

The cheapest available apartment rental in Deerfield, IL is a Studio unit found at AMLI Deerfield in the North Northfield neighborhood priced from $2,055. Terraces at Deerfield in the Briergate Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,080. Here is today’s list of the most affordable Deerfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
AMLI DeerfieldE1Studio,1BA$2,055
Terraces at Deerfield1A1BR,1BA$2,080
TGM NorthShoreA21BR,1BA$2,159
Springs at Lake Cook CrossingStudio Premier SummitStudio,1BA$2,202
Woodview Apartments1 Bed/1 Bath1BR,1BA$2,373
Renaissance Place in Highland Park1Bed/1Bath1BR,1BA$2,500
Townhomes at Pointe DriveCenter Unit3BR,2BA$3,995
Albion Highland ParkC3 - West2BR,2BA$4,027
728 Lofts2BR/2.0BA2BR,2BA$4,295
PARK5 Luxury TownhomesC13BR,2BA$5,400

Best Value Apartments for Rent in Deerfield, IL

As of July 28, 2026 the best value apartment in the Deerfield area is the $2.82 price per square foot C2 Model at PARK5 Luxury Townhomes in the in the North Northfield neighborhood starting from $5,999. The second greatest value Deerfield apartment is the Center Unit Model at Townhomes at Pointe Drive starting at $3,995 with a $2.51 price per square foot in the North Northfield neighborhood. Here is today’s list of the best values for Deerfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
PARK5 Luxury TownhomesC23BR,2.5BA$2.82
Townhomes at Pointe DriveCenter Unit3BR,2.5BA$2.51
Albion Highland ParkC3 - West2BR,2BA$3.30
728 Lofts2BR/2.0BA2BR,2BA$3.67
Renaissance Place in Highland Park1Bed/1Bath1BR,1BA$2.65
Terraces at Deerfield1B1BR,1BA$2.94
Woodview Apartments1 Bed/1 Bath1BR,1BA$3.05
TGM NorthShoreA51BR,1BA$3.38
Springs at Lake Cook CrossingStudio Haven SummitStudio ,1BA$3.51
AMLI DeerfieldE1Studio ,1BA$3.90

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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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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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Frequently Asked Questions about Cheap Deerfield Apartments

What is the Cheapest Studio apartment in Deerfield?

Currently the most affordable Cheap Studio Apartment in Deerfield is at AMLI Deerfield listed at $2,055.

How much is rent for a Cheap One Bedroom Deerfield Apartment?

The lowest price for a Cheap One Bedroom Deerfield Apartment is $2,080 at Terraces at Deerfield.

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

Today's best deal for a Cheap Two Bedroom Apartment in Deerfield is starting from $2,699 at TGM NorthShore.

What is the most affordable Deerfield Three Bedroom Apartment?

The best deal on a cheap Deerfield Three Bedroom Apartment rental is at Springs at Lake Cook Crossing and starts from $3,573.

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.

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