Cheap Apartments for Rent in Deerfield, IL from $400 (9 Rentals)

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Pinetree Apartments
1 to 2 Bedroom Apartments

Pinetree Apartments

933-951 Waukegan RdDeerfield, IL 60015
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Crestwood Place
Studio to 2 Bedroom Apartments

Crestwood Place

1000 Waukegan RdNorthbrook, IL 60062
Senior Living

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Rivertrail Apartments
1 to 2 Bedroom Apartments

Rivertrail Apartments

515-519 S Milwaukee AveWheeling, IL 60090
  • Utilities Included
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Park Townhomes
1 Bedroom Apartments

Park Townhomes

1900 Green Bay RdHighland Park, IL 60035
  • Utilities Included

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

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1660 Green Bay Rd
Studio to 1 Bedroom Apartments

1660 Green Bay Rd

1660 Green Bay RdHighland Park, IL 60035
  • Utilities Included

Deerfield, IL Local Guide

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 ListingModel NameBed/BathPriced From
Albion Highland ParkS6 - WestStudio,1BA$1,895
Woodview ApartmentsD11BR,1BA$1,949
TGM NorthShoreA81BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes at Pointe DriveEnd Unit3BR,2.5BA$2.45
696 Elm Pl, Unit 304696 Elm Pl2BR,2BA$2.18
Albion Highland ParkC6 - East2BR,2BA$3.59
696 Elm Pl, Unit A02C696 Elm Pl2BR,2BA$2.40
679 Park Ave W, Unit 2679 Park Ave W1BR,1BA$2.37
Woodview ApartmentsB21BR,1BA$3.22
TGM NorthShoreA21BR,1BA$3.28

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Deerfield, IL Rentals by Map

View MapDeerfield, IL Apartments MapView MapDeerfield, IL Rental Homes Map

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

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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.