
Cheap Homes for Rent in Deerfield, IL from $1,600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Deerfield.


1149 Deerfield Rd, Unit A

1179 Deerfield Rd

1506 Glencoe Ave

701 Elm Pl
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.

696 Elm Pl

625 Deerfield Rd

104 Michigan Ave

1755 Lake Cook Rd

430 Inverrary Ln
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.

1988 Green Bay Rd

2003 Walters Ave

162 W Inverrary Ln

1850 Green Bay Rd

232 S Central Ave
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!

1478 Glencoe Ave
Deerfield, IL Local Guide

How much does it cost to rent a home in Deerfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deerfield 2 Bedroom Homes for Rent | $2,784 | $1,900 | $4,500 |
| Deerfield 3 Bedroom Homes for Rent | $3,884 | $2,395 | $7,000 |
| Deerfield 4 Bedroom Homes for Rent | $5,255 | $2,685 | $6,800 |
| Deerfield 5 Bedroom Homes for Rent | $4,433 | $2,800 | $5,500 |
| Deerfield 6 Bedroom Homes for Rent | $10,500 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Deerfield
Explore Deerfield
Deerfield, IL Local Guide
- Deerfield Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,796. Renaissance Place in Highland Park in the Briergate Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,900. Here is today’s list of the most affordable Deerfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Albion Highland Park | S4 - West | Studio,1BA | $1,796 |
| Renaissance Place in Highland Park | 1Bed/1Bath | 1BR,1BA | $1,900 |
| TGM NorthShore | A2 | 1BR,1BA | $2,079 |
| Terraces at Deerfield | 1C | 1BR,1BA | $2,150 |
| AMLI Deerfield | A3 | 1BR,1BA | $2,168 |
Best Value Apartments for Rent in Deerfield, IL
As of November 11, 2025 the best value apartment in the Deerfield area is the $1.82 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $4,295. The second greatest value Deerfield apartment is the 3BR/2.5BA Model at 728 Lofts starting at $7,000 with a $3.96 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 | $1.82 |
| 728 Lofts | 3BR/2.5BA | 3BR,2.5BA | $3.96 |
| Park Townhomes of Highland Park | 2BR/1.5BA | 2BR,1.5BA | $2.42 |
| Albion Highland Park | C5 - East | 2BR,2BA | $3.41 |
| Renaissance Place in Highland Park | 1Bed/1Bath | 1BR,1BA | $1.98 |
| Woodview Apartments | E1 | 1BR,1BA | $2.75 |
| Americana Apartments | One Bedroom | 1BR,1BA | $2.68 |
| Terraces at Deerfield | 1A | 1BR,1BA | $2.80 |
| AMLI Deerfield | A3 | 1BR,1BA | $3.00 |
| TGM NorthShore | A2 | 1BR,1BA | $3.12 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleBest 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
Read ArticleThe 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.
Read ArticleA 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
Read ArticleQuick 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.
Best Local Schools in Deerfield, IL
South Park Elementary School
Alan B Shepard Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Deerfield, IL Rentals by Map
See the most popular apartments and homes in Deerfield, IL
Frequently Asked Questions about Deerfield
What type of rentals are currently available in Deerfield?
There are currently 73 Apartments for Rent in Deerfield, IL with pricing that ranges from $1,695 to $7,000. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,695 to $10,500.
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 $1,695 to $10,500 with an average monthly rent of $4,844.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.