Terraces at Deerfield
625 Deerfield Rd,
Deerfield, IL 60015
1-2 Beds | $2,273 - $3,056
Rental Market Trends in Deerfield, IL
What is the average rent in Deerfield, IL?
$2,165/month
Average Rent
789 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of July 2025, the average rent in Deerfield, IL is $2,165 per month. This is 32% higher than the national average rent price of $1,637/month, making Deerfield one of the most expensive cities in the US. When you rent an apartment in Deerfield, you can expect to pay about $1,811 per month for a studio, $2,165 for a one-bedroom apartment, and around $2,941 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,019 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
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Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Deerfield, IL?
In the past year, rent has increased by 0.8%, which averages out to $19 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Deerfield, IL
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
33%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
67%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Deerfield?
Based on current rent prices, Inverrary Condominiums and Deerfield Park" are the most affordable neighborhoods in Deerfield.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Deerfield?
Based on current rent prices, Deerfield Park and Inverrary Condominiums" are the most expensive neighborhoods in Deerfield.
Neighborhood
Average Rent
Average Sq Ft
Which Deerfield neighborhoods have the most rentals available?
The neighborhoods in Deerfield with the most apartments available are Inverrary Condominiums and Deerfield Park" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Deerfield, IL?
Because the average rent in Deerfield is $2,165, you’ll want to make about $7,216 per month or $86,592 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Deerfield, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Deerfield, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.