Cheap Apartments for Rent in Libertyville, IL from $700 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Libertyville.

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Moraine East Apartments
1 to 3 Bedroom Apartments

Moraine East Apartments

820 N Milwaukee AveLibertyville, IL 60048
  • Utilities Included
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Liberty Terrace
2 to 3 Bedroom Apartments

Liberty Terrace

232 E Church StLibertyville, IL 60048
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Eleven9 Rockland
2 Bedroom Apartments

Eleven9 Rockland

119 W Rockland RdLibertyville, IL 60048

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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215 E Park Ave
1 to 2 Bedroom Apartments

215 E Park Ave

215 E Park AveLibertyville, IL 60048
  • Utilities Included
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Station 250
$1,716 - $3,651
Total Monthly Price

Total Monthly Price

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$1,716 - $3,651

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Studio to 2 Bedroom Apartments Contact Us For Availability

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 1233 Ballantrae Pl

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050

Total Monthly Price
$2,050

2 Bedroom, 1 Bath Condo for Rent

Available Jun 15

1233 Ballantrae Pl, Unit B

1233 Ballantrae Pl
MundeleinIL60060
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1266 Bradwell Ln, Unit D
$2,099
Total Monthly Price

Total Monthly Price

Base Rent
$2,099

Total Monthly Price
$2,099
2 Bedroom Apartment Available Jun 24

1266 Bradwell Ln, Unit D

1266 Bradwell LnMundelein, IL 60060
  • Smoke Free
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Grayslake Apartments
1 Bedroom Apartments

Grayslake Apartments

325-365 Neville DrGrayslake, IL 60030
Senior Living
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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

1355 W Maple AveMundelein, IL 60060
  • Utilities Included
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Orchard Apartments
1 to 3 Bedroom Apartments

Orchard Apartments

900 E Orchard StMundelein, IL 60060
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Embassy Apartments
Studio to 2 Bedroom Apartments

Embassy Apartments

40 S Shaddle AveMundelein, IL 60060
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Coves of Mundelein
1 to 2 Bedroom Apartments

Coves of Mundelein

728 Diamond Lake RdMundelein, IL 60060
  • Utilities Included
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84 W Belvidere Rd
2 Bedroom Apartments

84 W Belvidere Rd

84 W Belvidere RdGrayslake, IL 60030

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Libertyville, IL Local Guide

Cheapest Neighborhoods for Apartments in Libertyville, IL

Pricing Updated: 06/05/2026

Current apartment rentals in the Libertyville, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Libertyville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Libertyville$3,915$1,24259
Bushs Corners$4,051$1,24220

Cheapest Available Libertyville Apartments for Rent

 

The cheapest available apartment rental in Libertyville, IL is a 1 Bed unit found at Heritage Green Apartments in the Central Vernon Hills neighborhood priced from $1,445. Lakeside Village Apartments in the Grosse Pointe Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,485. Here is today’s list of the most affordable Libertyville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Grays Pointe Apartments2 Bedroom Standard2BR,1BA$1,500
705 S Milwaukee Ave2 bedroom 1.5 Bath2BR,1BA$1,875
Northline ApartmentsWaiting List2BR,2BA$1,990
Cook Apartments at LibertyvilleB12BR,1BA$1,995
Springs at MundeleinStudio Grand OverlookStudio,1BA$2,008
Cardinal Square - Building D2CSD2 - x18 Tier1BR,1BA$2,090
Everleigh Vernon Hills 55+ Active Adult ApartmentsA31BR,1BA$2,131
Morris Station2BR/2.0BA2BR,2BA$2,422

Best Value Apartments for Rent in Libertyville, IL

As of June 06, 2026 the best value apartment in the Libertyville area is the $2.97 price per square foot D2D Model at The Atworth at Mellody Farm in the in the South Vernon Hills neighborhood starting from $4,168. The second greatest value Libertyville apartment is the 2BR/2.0BA Model at Morris Station starting at $2,422 with a $1.78 price per square foot in the Central Vernon Hills neighborhood. Here is today’s list of the best values for Libertyville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Atworth at Mellody FarmD2D3BR,2BA$2.97
Morris Station2BR/2.0BA2BR,2BA$1.78
Northline ApartmentsWaiting List2BR,2BA$1.52
705 S Milwaukee Ave3 Bedroom 2 Bath3BR,2BA$1.63
The Majestic Luxury ApartmentsB32BR,2BA$2.68
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Cardinal Square - Building D2CSD2 - x14 Tier1BR,1BA$2.35
Cook Apartments at LibertyvilleB12BR,1BA$2.33
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$2.09

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Cheap Libertyville Apartments

What is a cheap apartment in Libertyville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Libertyville is under $2,422.

What is the price of a cheap apartment in Libertyville?

The cheapest apartment in Libertyville is Heritage Green Apartments which is listed at $1,445, while the average apartment in Libertyville costs $3,983.

What types of apartments are the cheapest in Libertyville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Libertyville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Libertyville?

Cheap apartments in Libertyville have an average cost of $324 which is $3,659 cheaper than the average rent for all rentals in Libertyville.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.