Cheap Apartments for Rent in the Deerfield Park Neighborhood of Deerfield, IL from $800 (16 Rentals)

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

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AMLI Deerfield
$2,086 - $5,041
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$2,086 - $5,041

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Studio to 2 Bedroom Apartments Available Now

AMLI Deerfield

1525 Lake Cook RdDeerfield, IL 60015
Furnished
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660-712 Elm St
2 to 3 Bedroom Apartments

660-712 Elm St

660-712 Elm StDeerfield, IL 60015

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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Tamarisk NorthShore
Studio to 2 Bedroom Apartments

Tamarisk NorthShore

1627 Lake Cook RdDeerfield, IL 60015
Senior Living
  • Utilities Included
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One Deerfield Place
1 to 2 Bedroom Apartments

One Deerfield Place

733 Osterman AveDeerfield, IL 60015
Senior Living
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Zion Woods
1 to 3 Bedroom Apartments

Zion Woods

8 Deerfield RdDeerfield, IL 60015
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200 Deborah Ln
Studio Apartments

200 Deborah Ln

200 Deborah LnWheeling, IL 60090

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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333 Center St
1 Bedroom Apartments

333 Center St

333 Center StWheeling, IL 60090
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Shadowbend
Studio Apartments

Shadowbend

137-300 Shadowbend DrWheeling, IL 60090
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78 Glendale St
1 to 2 Bedroom Apartments

78 Glendale St

78 Glendale StWheeling, IL 60090

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.

Deerfield Park, Deerfield, IL Local Guide

Cheapest Available Deerfield Park Apartments for Rent

 

The cheapest available apartment rental in the Deerfield Park area of Chicago, IL is a 1 Bed unit found at Park Meadows LLC priced from $1,675. Springs at Lake Cook Crossing has the second lowest priced unit, which is a Studio apartment currently listed from $2,172. Here are the most affordable Deerfield Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Park Meadows LLC1BR/1.0BA1BR,1BA$1,675
Springs at Lake Cook CrossingStudio Premier SummitStudio,1BA$2,172
Terraces at Deerfield1A1BR,1BA$2,180
Woodview Apartments1 Bed/1 Bath1BR,1BA$2,322
AMLI DeerfieldA4d1BR,1BA$2,568

Best Value Apartments for Rent in Deerfield Park, IL

As of July 03, 2026 the best value apartment in the Deerfield Park 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 Park 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 Park 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
728 Lofts2BR/2.0BA2BR,2BA$3.67
AMLI DeerfieldA5D1BR,1BA$3.04
1644 Midland Ave, Unit Apartment1644 Midland Ave2BR,1BA$1.95
Springs at Lake Cook Crossing1 BR Haven Courtyard w/ Garage1BR,1BA$3.63
Terraces at Deerfield1B1BR,1BA$3.06
Woodview Apartments1 Bed/1 Bath1BR,1BA$3.05
Park Meadows LLC1BR/1.0BA1BR,1BA$2.24

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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Pet Friendly Lifestyle
Deerfield Park, Deerfield, IL

Ranked #1

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Deerfield Park Apartments

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

The lowest price for a Cheap One Bedroom Deerfield Park Apartment is $1,675 at Park Meadows LLC.

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

Today's best deal for a Cheap Two Bedroom Apartment in Deerfield Park is starting from $1,850 at Park Meadows LLC.

What is the most affordable Deerfield Park Three Bedroom Apartment?

The best deal on a cheap Deerfield Park Three Bedroom Apartment rental is at Springs at Lake Cook Crossing and starts from $3,256.

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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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.

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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.

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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.