
Cheap Homes for Rent in Deerfield, WI from $1,000 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Deerfield.


714 N Oak St

608 Femrite Dr

320 Edward St
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.

2404 Independence Ln

1975 E Washington Ave

1723 Blossom Ln

112 Talon 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.

3319 Lotheville Rd
Deerfield, WI 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 | $1,618 | $1,150 | $2,500 |
| Deerfield 3 Bedroom Homes for Rent | $2,573 | $1,880 | $3,995 |
| Deerfield 4 Bedroom Homes for Rent | $2,725 | $2,100 | $3,375 |
| Deerfield 5 Bedroom Homes for Rent | $3,195 | $3,195 | $3,195 |
Browse Top Homes for Rent in Deerfield
Explore Deerfield
Deerfield, WI Local Guide
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Cheapest Available Deerfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Deerfield, WI is a 1 Bed unit found at Freedom Ring Apartments in the Liberty Square neighborhood priced from $875. Knowlton Woods Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,075. Here is today’s list of the most affordable Deerfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Freedom Ring Apartments | 736 - 1 Bed / 1 Bath | 1BR,1BA | $875 |
| Knowlton Woods Apartments | Two Bedroom | 2BR,1BA | $1,075 |
| The Meadowlands | Income-Restricted 1 Bedroom, 1 Bath | 1BR,1BA | $1,130 |
Best Value Apartments for Rent in Deerfield, WI and Nearby
As of June 23, 2026 the best value apartment in the Deerfield area is the $1.31 price per square foot A Model at Prairie Stone Commons in the in the East Madison neighborhood starting from $1,750. The second greatest value Deerfield apartment is the 3 Bedroom Model at Tamarack Apartment Homes starting at $1,400 with a $1.08 price per square foot in the Brookstone Meadows 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. |
|---|---|---|---|
| Prairie Stone Commons | A | 2BR,2BA | $1.31 |
| Tamarack Apartment Homes | 3 Bedroom | 3BR,1.5BA | $1.08 |
| Fieldstone Estates | Two Bed Two Bath | 2BR,2BA | $1.49 |
| Tamarack Gardens-Distinctive 55+ Community | 2 Beds 1.5 Bath | 2BR,1.5BA | $1.35 |
| School Street Apartments | 3 bedroom x 2 bath | 3BR,2BA | $1.18 |
| Pondview Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.30 |
| Aurora Pointe Apartments | 1BR/1.0BA | 1BR,1BA | $1.51 |
| Westminster Senior Apartments | 1 Bed Walk-In | 1BR,1BA | $1.46 |
| Knowlton Woods Apartments | Two Bedroom | 2BR,1BA | $1.34 |
| Freedom Ring Apartments | 712 - 1 Bed / 1 Bath | 1BR,1BA | $1.54 |
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 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, WI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Deerfield, WI Rentals by Map
See the most popular apartments and homes in Deerfield, WI
Frequently Asked Questions about Deerfield
What type of rentals are currently available in Deerfield?
There are currently 61 Apartments for Rent in Deerfield, WI with pricing that ranges from $677 to $2,875. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,000 to $3,995.
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 $1,000 to $3,995 with an average monthly rent of $2,195.
How much are larger Three and Four Bedroom Rentals in Deerfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Deerfield range from $866 to $2,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,880 to $3,995. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,465.
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.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.