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Studio Apartment for Rent in Deerfield, IL

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    Starting at $1,547

    Total Monthly Price

    • Studio - 3 Beds

    400 Spring Cress Rd, Deerfield, IL 60015

    At Springs at Lake Cook Crossing, you’ll enjoy townhome-style living with all the comforts of a premium upscale neighborhood and a small-town feel! Our studio, one, two and three-bedroom apartments are in the heart of a warm and inviting Chicagoland community. Springs at Lake Cook Crossing provides you with convenient nearby access to downtown dining, abundant shopping, arts, entertainment, and

    Springs at Lake Cook Crossing

    (224) 269-6468

    400 Spring Cress Rd, Deerfield, IL 60015

Why Live in Deerfield

Deerfield, Illinois, is a vibrant North Shore community located less than 6 miles from Lake Michigan, offering residents a blend of suburban tranquility and convenient access to Chicago, which is about 28 miles south. The village is home to approximately 19,000 residents and notable employers like Walgreens and Baxter. Deerfield boasts excellent schools, including Deerfield Public School District 109 and Township High School District 113, with Deerfield High School earning National Blue Ribbon recognition in 2022. Housing options are diverse, ranging from Colonial Revivals and split-levels to custom-built homes in neighborhoods like Woodland and Briarwood. Townhomes and condos are also available in communities such as Manor Homes of Deerfield. Residents enjoy numerous parks, with Jewett Park offering walking paths, a skatepark, playground, and baseball diamond, while Jaycee Memorial Park features a dog park and Floral Park’s Mitchell Pool is open seasonally. Deerfield Square serves as the village’s downtown, hosting events and festivals, and providing dining and shopping options, including a Whole Foods Market. Deerbrook Shopping Center and Northbrook Court offer additional retail and dining choices. Community events like Deerfield Family Days, the Farmers Market, and Harvest Fest foster a strong sense of community. Transportation is facilitated by thoroughfares like Waukegan, Deerfield, and Lake Cook roads, two Metra stations, and limited Pace bus services.

Frequently Asked Questions

How much does it cost to rent a home in Deerfield, IL?
The median rent for a home in Deerfield, IL is $3,300 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Deerfield, IL?
To comfortably afford the median rent in Deerfield, IL, a household needs to earn roughly $132,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,300 per month in Deerfield, IL, renters typically need to show $9,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Deerfield, IL?
In Deerfield, IL, the price-to-rent ratio is 15.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Deerfield, IL are best for renting a home?
The best neighborhood for renting in Deerfield, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Lincoln Square, Edgewater, Lakeview East, River North and East Highland Park, each with its own character and price range.

Rental Home Trends in Deerfield, IL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$3,300
Median Single Family Home Rent
$3,475
Median Townhouse Rent
$2,713
Median Condo Rent
$2,200
How to Rent a Home