Cheap Apartments for Rent in Deerfield, IL from $400 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Deerfield.

666 Central Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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650 Central Ave

666-700 Park Ave W
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1660 Green Bay Rd
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Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
Deerfield, IL Local Guide

How much does it cost to rent an apartment in Deerfield?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Deerfield Studio Apartments | $1,759 | $1,150 | $3,388 |
Cheap Deerfield 1 Bedroom Apartments | $2,552 | $1,450 | $4,174 |
Cheap Deerfield 2 Bedroom Apartments | $3,684 | $2,395 | $5,860 |
Cheap Deerfield 3 Bedroom Apartments | $4,285 | $2,910 | $5,400 |
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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 Albion Highland Park in the Briergate Station neighborhood priced from $1,895. Woodview Apartments in the Briergate Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,949. Here is today’s list of the most affordable Deerfield apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Albion Highland Park | S6 - West | Studio,1BA | $1,895 |
Woodview Apartments | D1 | 1BR,1BA | $1,949 |
TGM NorthShore | A8 | 1BR,1BA | $2,185 |
Best Value Apartments for Rent in Deerfield, IL
As of May 11, 2025 the best value apartment in the Deerfield area is the $2.45 price per square foot End Unit Model at Townhomes at Pointe Drive in the in the Milwaukee Avenue neighborhood starting from $3,995. The second greatest value Deerfield apartment is the 696 Elm Pl Model at 696 Elm Pl, Unit 304 starting at $2,395 with a $2.18 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 | End Unit | 3BR,2.5BA | $2.45 |
696 Elm Pl, Unit 304 | 696 Elm Pl | 2BR,2BA | $2.18 |
Albion Highland Park | C6 - East | 2BR,2BA | $3.59 |
696 Elm Pl, Unit A02C | 696 Elm Pl | 2BR,2BA | $2.40 |
679 Park Ave W, Unit 2 | 679 Park Ave W | 1BR,1BA | $2.37 |
Woodview Apartments | B2 | 1BR,1BA | $3.22 |
TGM NorthShore | A2 | 1BR,1BA | $3.28 |
Quick 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!
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Getting Around Deerfield, IL
Walk Score®
55 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
26 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Deerfield Apartments
How much is rent for a Cheap One Bedroom Deerfield Apartment?
The lowest price for a Cheap One Bedroom Deerfield Apartment is $1,949 at Woodview Apartments.
What is the lowest price for a Cheap Two Bedroom Deerfield Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Deerfield is starting from $2,589 at TGM NorthShore.
What is the most affordable Deerfield Three Bedroom Apartment?
The best deal on a cheap Deerfield Three Bedroom Apartment rental is at Townhomes at Pointe Drive and starts from $3,995.
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
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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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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