Cheap Homes for Rent in Deerfield, IL from $1,400 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
property at 696 Elm Pl

696 Elm Pl

Highland ParkIL60035

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-16, Page 1 of 1

Deerfield, IL Local Guide

Cheapest Available Deerfield Apartments for Rent

 

The cheapest available apartment rental in Deerfield, IL is a Studio unit found at Albion Highland Park in the Briergate Station neighborhood priced from $1,985. Woodview Apartments in the North Northfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,241. Here is today’s list of the most affordable Deerfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Albion Highland ParkS6 - WestStudio,1BA$1,985
Woodview ApartmentsD11BR,1BA$2,241
AMLI DeerfieldA4b1BR,1BA$2,296
TGM NorthShoreA81BR,1BA$2,399
Renaissance Place in Highland Park2Bed/2Bath2BR,2BA$3,600

Best Value Apartments for Rent in Deerfield, IL

As of June 28, 2025 the best value apartment in the Deerfield area is the $2.17 price per square foot 2Bed/2Bath Model at Renaissance Place in Highland Park in the in the Briergate Station neighborhood starting from $3,600. The second greatest value Deerfield apartment is the Center Unit Model at Townhomes at Pointe Drive starting at $3,895 with a $2.54 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.
Renaissance Place in Highland Park2Bed/2Bath2BR,2BA$2.17
Townhomes at Pointe DriveCenter Unit3BR,2.5BA$2.54
956 Chestnut St, Unit #1956 Chestnut St3BR,1BA$2.55
Albion Highland ParkC6 - East2BR,2BA$3.59
AMLI DeerfieldA4d1BR,1BA$2.98
Woodview ApartmentsD11BR,1BA$2.84
TGM NorthShoreA81BR,1BA$3.18

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

Frequently Asked Questions about Deerfield

What type of rentals are currently available in Deerfield?

There are currently 72 Apartments for Rent in Deerfield, IL with pricing that ranges from $1,250 to $7,544. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,400 to $16,000.

What is the current price range for Rental Homes in Deerfield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Deerfield ranges from $1,400 to $16,000 with an average monthly rent of $4,816.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.