RentDataNowRentDataNow
City Report · IL

Deerfield

Pop. 19,518·16th most expensive in Illinois·Deerfield rents have dropped 9.3%, currently a renter's market
Median rent (all units)
$2,499/mo
Year-over-Year
-9.3%
Month-over-Month
-1.7%
vs US Median
+$534
Falling (Monthly)
Be the first to discuss Deerfield rents ↓
Most AffordableMost Expensive
Deerfield · $2,499
More expensive than 80% of US cities · National median $1,965/mo
Affordability
17% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,499/mo, rent takes about 17% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$100,000/yr
Local median income
$181,660/yr
Based on the 30%-of-income rule using Deerfield's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,190
1 BR
$2,340
2 BR
$2,640
3 BR
$3,390
4 BR+
$3,980
Research median
$2,640/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$29,988/yr
At $2,499/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-9.3% YoY, -1.7% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Deerfield, IL is majority owner-occupied, has a median income above the national average, 82.1% of residents hold a bachelor's degree or higher.

Population
19,518
Median income
$181,660
Median age
44.5
Renters
17.5%
Age distribution
24.4%
14%
27.7%
14%
19.8%
Under 1824.4%
18–3414%
35–5427.7%
55–6414%
65+19.8%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
89.4%
White89.4%
Hispanic5.4%
Asian5.6%
Education (25+)
12.8%
82.1%
No HS diploma1.3%
HS diploma3.8%
Some college12.8%
Bachelor's+82.1%
Housing tenure
82.5%
17.5%
Owner82.5%
Renter17.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Deerfield, IL has changed in 5 years

Income
$168,568 → $181,660
up 7.8%
Population
19,228 → 19,518
up 1.5%
Renter share
18.1% → 17.5%
-0.6 pts
Bachelor's+
81.5% → 82.1%
+0.6 pts

Census figures show median household income at $181,660 today, compared with $168,568 five years earlier. The population has grown by 1.5% since 2021, moving from about 19,228 residents to roughly 19,518.

Community

Discussions about Deerfield

No discussions yet. Start the conversation.

View Deerfield rent history (2015–2026) →
Salary vs rent

Can you afford rent in Deerfield on your salary?

At $2,499/mo, how Deerfield rent compares to typical pay (30% rule).

By apartment size

Deerfield rent by bedroom count

Median rent for each apartment size in Deerfield. Click any size for full breakdown.

Local insights

Tips for renters in Deerfield

About renting in Deerfield, IL

Last updated: July 20, 2026

The median rent in Deerfield is $2,499/mo as of July 2026. A studio apartment averages $2,190/mo while a 2-bedroom runs $2,640/mo. One-bedroom apartments average $2,340/mo and 3-bedroom units go for $3,390/mo.

At 17% of local median household income ($181,660/yr), Deerfield ranks as affordable compared to the national benchmark of 30%. Rents have decreased 9.3% over the past year.

FAQ

Frequently asked questions

Is Deerfield an affordable city for renters?

Deerfield is considered very affordable for renters. At $2,499/mo, rent takes approximately 17% of the local median household income ($181,660/yr). The standard benchmark is 30%. Deerfield falls comfortably within that range.

How much income do you need to rent in Deerfield?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (~$48/hour full-time) to afford the median rent of $2,499/mo in Deerfield. The local median household income is $181,660/yr, meaning the typical Deerfield household meets that threshold.

Is rent going up or down in Deerfield?

Rent in Deerfield has decreased 9.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Deerfield rent compare to other cities in Illinois?

Deerfield is one of the pricier cities in Illinois for rent, ranking #16 out of 142 tracked cities at $2,499/mo.

Which nearby cities are cheaper to rent in than Deerfield?

Several nearby cities have lower median rents than Deerfield ($2,499/mo): Wheeling ($2,103/mo), Highwood ($2,332/mo).

What percentage of Deerfield residents rent vs. own?

According to Census data, approximately 17.5% of Deerfield households are renters, while 82.5% are owner-occupied. Deerfield leans toward homeownership, which can mean a smaller rental inventory.

How does Deerfield rent compare to the national average?

Deerfield's median rent of $2,499/mo is $534 (27%) above the US national median of $1,965/mo. Within Illinois, it ranks #16 out of 142 tracked cities.
Income Affordability
17%
VERY AFFORDABLE

At $2,499/mo, rent takes ~17% of Deerfield's median household income ($181,660/yr). The standard benchmark is 30%.

Deerfield 17%Benchmark 30%
State income tax4.95%
Run the Deerfield affordability calculator →
Lowest-rent ZIP codes in Deerfield
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Deerfield, IL

Recent submissions

Be the first to submit your rent for Deerfield.

Recent discussions

No discussions yet.