Cheap Homes for Rent in Deerfield, IL from $1,600 (21 Rentals)

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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.

property at 343 Park

343 Park

GlencoeIL60022

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Deerfield, IL Local Guide

Cheapest Available Deerfield Apartments for Rent

 

The cheapest available apartment rental in Deerfield, IL is a 1 Bed unit found at TGM NorthShore in the Ravinia neighborhood priced from $2,119. Terraces at Deerfield in the Briergate Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,273. Here is today’s list of the most affordable Deerfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
TGM NorthShoreA21BR,1BA$2,119
Terraces at Deerfield1A1BR,1BA$2,273
AMLI DeerfieldE3Studio,1BA$2,308
Albion Highland ParkV1 - West1BR,1BA$2,350
Woodview ApartmentsC31BR,1BA$2,445

Best Value Apartments for Rent in Deerfield, IL

As of September 18, 2025 the best value apartment in the Deerfield area is the $2.48 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $3,895. The second greatest value Deerfield apartment is the C25 - West Model at Albion Highland Park starting at $4,195 with a $3.44 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes at Pointe DriveCenter Unit3BR,2.5BA$2.48
Albion Highland ParkC25 - West2BR,2BA$3.44
696 Elm Pl, Unit 304696 Elm Pl2BR,2BA$2.18
696 Elm Pl, Unit 3696 Elm Pl2BR,2BA$2.27
Woodview ApartmentsG12BR,2BA$2.66
Renaissance Place in Highland Park1Bed/1Bath1BR,1BA$2.55
728 Lofts1BR/1.0BA1BR,1BA$3.97
Terraces at Deerfield1A1BR,1BA$2.99
TGM NorthShoreA21BR,1BA$3.18
AMLI DeerfieldE3Studio ,1BA$3.66

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

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Frequently Asked Questions about Deerfield

What type of rentals are currently available in Deerfield?

There are currently 76 Apartments for Rent in Deerfield, IL with pricing that ranges from $1,175 to $5,219. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,649 to $13,000.

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 $1,649 to $13,000 with an average monthly rent of $4,477.

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.

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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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.