
Cheap Homes for Rent in Deerfield, WI from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Deerfield.


1975 E Washington Ave
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.

4015 Claire St

253 Bunting Ln
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.
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 | $1,989 | $1,200 | $3,200 |
| Deerfield 3 Bedroom Homes for Rent | $2,281 | $1,880 | $4,500 |
| Deerfield 4 Bedroom Homes for Rent | $2,375 | $2,375 | $2,375 |
Browse Top Homes for Rent in Deerfield
Explore Deerfield
Deerfield, WI Local Guide
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Best Value Apartments for Rent in Deerfield, WI and Nearby
As of April 25, 2026 the best value apartment in the Deerfield area is the $1.33 price per square foot D1 Model at Jupiter Crossing in the in the East Side neighborhood starting from $1,800. The second greatest value Deerfield apartment is the A Model at Prairie Stone Commons starting at $1,750 with a $1.31 price per square foot in the East Madison 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. |
|---|---|---|---|
| Jupiter Crossing | D1 | 2BR,2BA | $1.33 |
| Prairie Stone Commons | A | 2BR,2BA | $1.31 |
| Pondview Apartments | 3BR/2BA | 3BR,2BA | $1.28 |
| Rock Creek Apartments | 2 Bed 2 Bath 2 Car | 2BR,2BA | $1.52 |
| apollo 502 | A+Bonus | 2BR,2BA | $1.58 |
| Lion's Gate at Grandview | #101-201-301 | 2BR,1BA | $1.45 |
| School Street Apartments | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.18 |
| Aurora Pointe Apartments | 1BR/1.0BA | 1BR,1BA | $1.49 |
| Westminster Senior Apartments | 1 Bed Walk-In | 1BR,1BA | $1.46 |
| Knowlton Woods Apartments | Two Bedroom | 2BR,1BA | $1.34 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 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 ArticleCash 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.
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 58 Apartments for Rent in Deerfield, WI with pricing that ranges from $668 to $2,875. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,200 to $4,500.
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 $1,200 to $4,500 with an average monthly rent of $2,219.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.