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$1,5952 Bedroom Apartments Available Jul 8
933-951 Waukegan Rd, Unit 2 Bedroom
933-951 Waukegan RdDeerfield, IL 60015
Cheap Homes for Rent in Deerfield, IL from $1,600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Deerfield.
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$1,5952 Bedroom Apartments Available Now
1141 Waukegan Rd, Unit 2 Bedroom
1141 Waukegan RdDeerfield, IL 60015
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$1,6252 Bedroom Apartments Available Jul 12
1141 Waukegan Rd, Unit Two Bedroom copy
1141 Waukegan RdDeerfield, IL 60015
696 Elm Pl, Unit 207
696 Elm Pl
Highland ParkIL60035
1337 1st St
NorthbrookIL60062
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.
1506 Glencoe Ave
Highland ParkIL60035
696 Elm Pl, Unit 111
696 Elm Pl
Highland ParkIL60035
1216 W Inverrary Ln
DeerfieldIL60015
958 W Inverrary Ln
DeerfieldIL60015
1978 Green Bay Rd
Highland ParkIL60035
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.
1121 Waukegan Rd
DeerfieldIL60015
475 Plum Creek Dr
WheelingIL60090
1978 Green Bay Rd
Highland ParkIL60035
1250 Park Ave W
Highland ParkIL60035
146 W Inverrary Ln
DeerfieldIL60015
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.
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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 | $2,651 | $1,900 | $4,495 |
| Deerfield 3 Bedroom Homes for Rent | $4,148 | $2,500 | $5,900 |
| Deerfield 4 Bedroom Homes for Rent | $6,080 | $4,000 | $10,000+ |
| Deerfield 5 Bedroom Homes for Rent | $5,950 | $5,950 | $5,950 |
| Deerfield 6 Bedroom Homes for Rent | $11,150 | $5,800 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Deerfield
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Deerfield, IL Local Guide
- Deerfield Neighborhoods
- Nearby Cities
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Cheapest Available Deerfield Apartments for Rent
The cheapest available apartment rental in Deerfield, IL is a Studio unit found at Springs at Lake Cook Crossing in the Briergate Station neighborhood priced from $2,011. Park Townhomes of Highland Park in the Briergate Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,160. Here is today’s list of the most affordable Deerfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springs at Lake Cook Crossing | Studio Premier Summit | Studio,1BA | $2,011 |
| Park Townhomes of Highland Park | 1BR/1.5BA | 1BR,1BA | $2,160 |
| TGM NorthShore | A4 | 1BR,1BA | $2,239 |
| Terraces at Deerfield | 1D | 1BR,1BA | $2,240 |
| 301 Riverwalk Place | The Elm | 1BR,1BA | $2,295 |
Best Value Apartments for Rent in Deerfield, IL
As of May 27, 2026 the best value apartment in the Deerfield area is the $2.45 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $3,995. The second greatest value Deerfield apartment is the 350 Prairie Ave Model at 350 Prairie Ave, Unit A starting at $2,100 with a $1.75 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 | $2.45 |
| 350 Prairie Ave, Unit A | 350 Prairie Ave | 3BR,1BA | $1.75 |
| 301 Riverwalk Place | The Elm | 1BR,1BA | $2.38 |
| AMLI Deerfield | A5D | 1BR,1BA | $2.98 |
| Albion Highland Park | A13 - West | 1BR,1BA | $3.12 |
| Woodview Apartments | 1 Bed/1 Bath | 1BR,1BA | $2.95 |
| Park Townhomes of Highland Park | 1BR/1.5BA | 1BR,1.5BA | $2.82 |
| Terraces at Deerfield | 1A | 1BR,1BA | $3.00 |
| TGM NorthShore | A4 | 1BR,1BA | $3.14 |
| 124 S Central Ave, Unit First Floor Apartment | 124 S Central Ave | 1BR,1BA | $2.36 |
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.
Read Article
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
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 ArticleReal 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.
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.
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Best Local Schools in Deerfield, IL
South Park Elementary School
Deerfield School District 109
Public School - Grades PK-5 (424)
10 out of 10
Charles J Caruso Middle School
Deerfield School District 109
Public School - Grades 6-8 (439)
9 out of 10
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 75 Apartments for Rent in Deerfield, IL with pricing that ranges from $1,547 to $7,500. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,650 to $16,500.
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 $1,650 to $16,500 with an average monthly rent of $4,813.
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.
Helpful Local Expert Guides
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.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.