The focus of the underlying research work is on the macroscopic modeling of unstable multiphase fluid flow in deformable porous media, where a lower‐viscous fluid is displaced by a more viscous fluid. This process leads to the formation of channel‐like networks, called viscous fingering. The instability effect is involved in a wide range of different fields in engineering. Some of the most common applications include carbon sequestration to store carbon dioxide (CO2) in underground reservoirs, contaminant transport in geostructures, in industrial processes, such as filtration, catalytic reactions, and in the operation of polymer electrolyte membrane fuel cells with multiphase flow in the gas diffusion layers. In this work, ideal miscible water–glycerin fluids are considered. It is assumed that the interacting fluids in the deformable porous media are incompressible. In addition, a dispersion–diffusion law is applied to capture the fluid–fluid interactions. The presence of a deformable porous material adds additional effects to the problem of the multiphase flow in porous media. The stresses in the porous solid matrix lead to changes in the porosity and influence the flow velocity of the fluids. To couple the deformable porous media with the multiphase flow, a macroscopic approach is used that relies on the theory of porous media. For the porous solid matrix, a linear elastic material model within small strains assumption is applied. The influence of the deformation‐dependent porosity on the instability is studied for 2D simulations, such as a multilayered geometry with different elastic parameters. The presented coupled nonlinear system of differential equations is simulated with the finite element method. Furthermore, a stabilization technique based on the quasi‐compressibility method is used.