50

Newest Homes for Rent in Riverwoods, IL

Section Image
  • /17

    Starting at $3,900 Per Month

    • 1 - 3 Beds

    5 Parkway North Blvd, Deerfield, IL 60015

    Welcome to PARK5 Luxury Townhomes—a brand-new collection of upscale, for-rent townhomes in Deerfield, IL, designed to redefine suburban living. Featuring 1- to 3-bedroom homes with thoughtfully crafted layouts, designer finishes, and modern amenities, PARK5 offers a lifestyle where comfort, convenience, and luxury meet. Located in the heart of Deerfield, PARK5 connects residents to premier

    PARK5 Luxury Townhomes

    5 Parkway North Blvd, Deerfield, IL 60015
  • /50

    Starting at $1,658 Per Month

    • Studio - 3 Beds

    15 Parkway North Blvd, Deerfield, IL 60015

    Luxury Apartment Homes 3 minutes to downtown Deerfield, 1 minute to the 294 expressways. Come home to sophistication and your private oasis at Woodview Apartments in Deerfield and be part of a lifestyle that defines elegance and contemporary living. Relax and surround yourself with stunning upgrades such as stainless-steel appliances and fixtures, quartz counter tops, tile back splashes and sleek

    Woodview Apartments

    15 Parkway North Blvd, Deerfield, IL 60015
  • /2

    $3,650 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,770 Sq Ft
    • Townhouse for Rent

    805 Suffield Square, Lincolnshire, IL 60069

    WOW! Bright and Beautiful 2 Bedroom 2.5 Bathroom townhome with a nicely finished basement is available for RENT on August 1st!! This spacious townhome has a den on the 1st floor that can be used as a bedroom and is located in a culdesac, in the award winning Stevenson High School, Laura Sprage Elementary School and Daniel Wright Middle School. A desirable open-concept kitchen and dining area

    Penelope Stratigos Berkshire Hathaway HomeServices Chicago

    805 Suffield Square, Lincolnshire, IL 60069
  • /45

    $5,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,633 Sq Ft
    • House for Rent

    31 Fox Trail, Lincolnshire, IL 60069

    Welcome to this 3-bedroom, 2.1 bath home nestled in the award-winning Stevenson High School District. Step inside to be embraced by the expansive and radiant living room, setting the tone for comfort and relaxation. Adjacent, the inviting family room boasts a fireplace, a convenient dry bar, and seamless access to the sunroom-an inviting space for natural light and tranquility. The bright

    Jane Lee RE/MAX Top Performers

    31 Fox Trail, Lincolnshire, IL 60069
  • /31

    $9,500 Per Month

    • 6 Beds
    • 4.5 Baths
    • 4,850 Sq Ft
    • House for Rent

    2841 Orange Brace Rd, Riverwoods, IL 60015

    This property offers a tranquil home on 2 acres, minutes away from the city life. Smart layout offers space for entertainment, privacy, and everyday life. This home features a main floor primary suite, with attached sitting room, additional 5 bedrooms, 2 laundry facilities, 3 season room, 2 decks, front patio, ample parking, and most importantly -- beautiful nature unique to Riverwoods. Property

    Eugene Zaslavsky Magic Touch Real Estate, Inc.

    2841 Orange Brace Rd, Riverwoods, IL 60015
  • /13

    $2,150 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,386 Sq Ft
    • Townhouse for Rent

    373 Goshawk Ln Unit 203, Deerfield, IL 60015

    Beautiful townhome in the highly desirable Park East subdivision within the toprated Stevenson High School district. This spacious rental features an open firstfloor layout with a fireplace, breakfast bar, half bath, and combined living/dining area. Step out to your private patio and enjoy peaceful pond views. The second floor offers two generously sized bedrooms, each with its own ensuite full

    Stephany Oliveros Real Broker LLC

    373 Goshawk Ln Unit 203, Deerfield, IL 60015
  • /35

    $2,249 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Chicago - Buffalo Grove - Deerfield

    1525 Busch Pkwy, Buffalo Grove, IL 60089

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Chicago - Buffalo Grove - Deerfield

    1525 Busch Pkwy, Buffalo Grove, IL 60089

Frequently Asked Questions

How much does it cost to rent a home in Riverwoods, IL?
The median rent for a home in Riverwoods, IL is $9,500 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Riverwoods, IL?
To comfortably afford the median rent in Riverwoods, IL, a household needs to earn roughly $380,000 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 $9,500 per month in Riverwoods, IL, renters typically need to show $28,500 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 Riverwoods, IL?
In Riverwoods, IL, the price-to-rent ratio is 9.4, 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 Riverwoods, IL are best for renting a home?
The best neighborhood for renting in Riverwoods, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Northeast Buffalo Grove, Briarwood, West Highland Park, South Buffalo Grove and Forest River, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$9,500
Median Single Family Home Rent
$9,000
How to Rent a Home