
Cheap Homes for Rent in Deerfield, IL from $1,500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Deerfield.


1660 Green Bay Rd, Unit 1 Bedroom

951-951 Waukegan Rd, Unit 1 Bedroom

1950 Cherry Ln

1147 Deerfield Rd, Unit B

667 Homewood Ave
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696 Elm Pl, Unit 300

696 Elm Pl, Unit 300

120 W Inverrary Ln

1121 Waukegan Rd

1988 Green Bay Rd

1314 W Inverrary Ln
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1158 W Inverrary Ln
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 | $2,881 | $2,150 | $4,495 |
| Deerfield 3 Bedroom Homes for Rent | $3,712 | $2,850 | $6,000 |
| Deerfield 4 Bedroom Homes for Rent | $4,665 | $2,685 | $6,700 |
| Deerfield 5 Bedroom Homes for Rent | $9,000 | $7,500 | $10,000+ |
| Deerfield 6 Bedroom Homes for Rent | $9,500 | $9,500 | $9,500 |
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Deerfield, IL Local Guide
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Cheapest Available Deerfield Apartments for Rent
 The cheapest available apartment rental in Deerfield, IL is a 1 Bed unit found at Terraces at Deerfield in the Briergate Station neighborhood priced from $2,030. Springs at Lake Cook Crossing in the Briergate Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,104. Here is today’s list of the most affordable Deerfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terraces at Deerfield | 1A | 1BR,1BA | $2,030 |
| Springs at Lake Cook Crossing | Studio Premier Summit | Studio,1BA | $2,104 |
| TGM NorthShore | A1 | 1BR,1BA | $2,159 |
| AMLI Deerfield | A3 | 1BR,1BA | $2,208 |
| Woodview Apartments | 1 Bed/1 Bath | 1BR,1BA | $2,217 |
Best Value Apartments for Rent in Deerfield, IL
As of September 08, 2026 the best value apartment in the Deerfield area is the $3.84 price per square foot 2BR/2.0BA Model at 728 Lofts in the in the Briergate Station neighborhood starting from $4,495. The second greatest value Deerfield apartment is the A1 Model at PARK5 Luxury Townhomes starting at $3,900 with a $3.80 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 728 Lofts | 2BR/2.0BA | 2BR,2BA | $3.84 |
| PARK5 Luxury Townhomes | A1 | 1BR,1.5BA | $3.80 |
| Renaissance Place in Highland Park | 1Bed/1Bath | 1BR,1BA | $2.49 |
| Springs at Lake Cook Crossing | 1 BR Vue Courtyard w/ Garage | 1BR,1BA | $3.37 |
| Woodview Apartments | 1 Bed/1 Bath | 1BR,1BA | $3.05 |
| Terraces at Deerfield | 1A | 1BR,1BA | $2.67 |
| AMLI Deerfield | A3 | 1BR,1BA | $3.06 |
| TGM NorthShore | A2 | 1BR,1BA | $3.36 |
| 1183 Deerfield Rd, Unit A | 1183 Deerfield Rd | 1BR,1BA | $2.79 |
| Albion Highland Park | S5 - West | Studio ,1BA | $3.71 |
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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.
Best Local Schools in Deerfield, IL
South Park Elementary School
Charles J Caruso 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 74 Apartments for Rent in Deerfield, IL with pricing that ranges from $1,175 to $7,900. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,500 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 $1,500 to $10,500 with an average monthly rent of $3,845.
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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