Deerwood is a locality in south central Manitoba, Canada.

It is located approximately 31 kilometers (19 miles) northwest of Morden, Manitoba[2] in the Rural Municipality of Thompson.

The Post Office was established on 2-21-5W in 1895 and closed in 1968.

It was a railway point on the Northern Pacific Railway and was named by a railway official for the number of deer in a heavily wooded area while railway construction was taking place.

According to the Köppen Climate Classification system, Deerwood has a humid continental climate, abbreviated "Dfb" on climate maps.