
Cheap Apartments for Rent in Libertyville, IL from $1,242 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Libertyville.


705 S Milwaukee Ave

Cook Apartments at Libertyville

Total Monthly Price
826 N Milwaukee Ave, Unit D2

Eleven 5 Lake

Northline Apartments

131 Newberry Ave

Moraine East Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Liberty Terrace

711 S Milwaukee Ave

Eleven9 Rockland

215 E Park Ave

826 N Milwaukee Ave

709 W Park Ave

520 N Milwaukee Ave

Woodlands Apartment Homes
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Moore Court Apartments

Heritage Green Apartments

700 McKinley Ave, Unit 303

Lakeside Village Apartments

Grays Pointe Apartments

Total Monthly Price
Station 250

Total Monthly Price
The Atworth at Mellody Farm

539 N Lake St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Morris Station

5 Echo Ct, Unit 8

Springs at Mundelein

Grayslake Apartments

Lakeside Apartments

Orchard Apartments

Embassy Apartments

Coves of Mundelein
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.

219 Center St

209 W Maple Ave

Glen Street Apartments

84 W Belvidere Rd

Cardinal Square - Building C

57 Washington Blvd

17 Parkside Ct

1228 Bradwell Ln
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.

240 N Archer Ave

1012 Centurion Ln

8 Echo Ct
Libertyville, IL Local Guide

How much does it cost to rent an apartment in Libertyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Libertyville Studio Apartments | $2,006 | $1,295 | $5,848 |
| Cheap Libertyville 1 Bedroom Apartments | $2,406 | $1,242 | $6,451 |
| Cheap Libertyville 2 Bedroom Apartments | $3,271 | $1,745 | $10,000+ |
| Cheap Libertyville 3 Bedroom Apartments | $3,957 | $2,400 | $8,051 |
Browse Top Apartments in Libertyville
See all Apartments in LibertyvilleExplore Libertyville
Libertyville, IL Local Guide
- Libertyville Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Libertyville, IL
Pricing Updated: 09/04/2026Current apartment rentals in the Libertyville, IL area range in price from $1,242 to $4,736 with an overall median price of $2,152. Here is today’s list neighborhoods with the lowest median pricing for Libertyville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Libertyville | $2,139 | $1,242 | 44 |
| Bushs Corners | $2,166 | $1,242 | 41 |
Cheapest Available Libertyville Apartments for Rent
 The cheapest available apartment rental in Libertyville, IL is a Studio unit found at 705 S Milwaukee Ave in the Central Vernon Hills neighborhood priced from $1,400. Heritage Green Apartments in the Grosse Pointe Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,445. Here is today’s list of the most affordable Libertyville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 705 S Milwaukee Ave | Studio | Studio,1BA | $1,400 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,445 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $1,485 |
| Grays Pointe Apartments | 2 Bedroom Premium | 2BR,1BA | $1,500 |
| Cook Apartments at Libertyville | A1 | 1BR,1BA | $1,770 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $1,825 |
| Springs at Mundelein | 1 BR Grand Courtyard | 1BR,1BA | $1,989 |
| Northline Apartments | Waiting List | 2BR,2BA | $1,990 |
| The Domaine at Hawthorn Row | A01 | Studio,1BA | $2,040 |
Best Value Apartments for Rent in Libertyville, IL
As of September 04, 2026 the best value apartment in the Libertyville area is the $2.14 price per square foot E5N Model at Eleven 5 Lake in the in the Downtown Libertyville neighborhood starting from $3,695. The second greatest value Libertyville apartment is the 2BR/2.0BA Model at Morris Station starting at $2,525 with a $1.86 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eleven 5 Lake | E5N | 3BR,2BA | $2.14 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.86 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| Grays Pointe Apartments | 2 Bedroom Premium | 2BR,1BA | $1.56 |
| 826 N Milwaukee Ave, Unit D2 | 826 N Milwaukee Ave | 2BR,1BA | $1.94 |
| Cardinal Square - Building D2 | CSD2 - x06 Tier | 1BR,1BA | $2.58 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.20 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $2.09 |
| Cook Apartments at Libertyville | A1 | 1BR,1BA | $2.53 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Libertyville, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Libertyville, IL Rentals by Map
See the most popular apartments and homes in Libertyville, IL
Frequently Asked Questions about Cheap Libertyville Apartments
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 $2,152.
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 $306 which is $1,846 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.