The deployable aeroshell, a contemporary reentry system, utilizes a thin flexible membrane surface sustained by pressurized gas to efficiently decelerate a reentry vehicle at high altitudes while enabling low-ballistic-coefficient flight. When an in-flight aerodynamic force is applied, the membrane structure undergoes large deformation that may affect its performance. Hence, a coupled analysis that considers the feedback effect of structural deformation is essential for accurately predicting the behavior of such reentry vehicles. In this study, a numerical framework for coupled aeroelastic analysis was constructed in a partitioned manner using open-source software to elucidate the combined effect of structural deformation and compressible flow dynamics and characterize the aerodynamic performance of reentry vehicles with inflatable structures. The results revealed that the membrane surface was deformed elastically by the aerodynamic force owing to the large difference in pressure distribution between the front and back of the aeroshell. Fluctuating behavior was observed in the aerodynamic coefficients owing to the small-amplitude oscillation of the capsule. This oscillation was induced by the large wake behind the vehicle. Several wrinkles and concave-shaped depressions formed on the membrane surface, which exhibited a circumferential movement tendency with time.