
Cheap Apartments for Rent in Libertyville, IL from $700 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Libertyville.


Liberty Towers

Total Monthly Price
432 N Milwaukee Ave, Unit D, Unit D

Cook Apartments at Libertyville

880 N Milwaukee Ave, Unit D2

705 S Milwaukee Ave

Moraine East Apartments

Liberty Terrace
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.

Eleven9 Rockland

215 E Park Ave

711 S Milwaukee Ave

Moore Court Apartments

600 McKinley Ave, Unit 208

Heritage Green Apartments

Lakeside Village Apartments

Grays Pointe Apartments
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.

Total Monthly Price
Station 250

Morris Station

Cardinal Square - Building D2

Springs at Mundelein

1 Cedar Ct

Total Monthly Price
The Atworth at Mellody Farm

The Domaine at Hawthorn Row

17 E Park St
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.

31 Washington Blvd, Unit 108, Unit 108

Grayslake Apartments

Lakeside Apartments

Orchard Apartments

Embassy Apartments

Woodlands Apartment Homes

Coves of Mundelein

15 Parkside Ct
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Glen Street Apartments

84 W Belvidere Rd

Cardinal Square - Building C

11 Parkside Ct

2 Timber Ln

3 Parkside Ct

6 Parkside Ct

380 Pierce Ct
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $2,182 | $1,024 | $7,370 |
| Cheap Libertyville 1 Bedroom Apartments | $2,558 | $1,242 | $6,698 |
| Cheap Libertyville 2 Bedroom Apartments | $3,465 | $1,565 | $10,000+ |
| Cheap Libertyville 3 Bedroom Apartments | $4,324 | $1,995 | $10,000+ |
Browse Top Apartments in Libertyville
See all Apartments in LibertyvilleExplore Libertyville
Libertyville, IL Local Guide
- Libertyville Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Libertyville, IL
Pricing Updated: 04/21/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Libertyville | $3,850 | $1,024 | 51 |
| Bushs Corners | $4,073 | $1,024 | 17 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 Standard | 2BR,1BA | $1,500 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $1,795 |
| Cardinal Square - Building D2 | CSD2 - x10 Tier | Studio,1BA | $1,795 |
| Cook Apartments at Libertyville | A3 | 1BR,1BA | $1,820 |
| Springs at Mundelein | Studio Grand Overlook | Studio,1BA | $1,846 |
| NorthEnd Apartments | 2X1.5 | 2BR,1BA | $1,850 |
| The Domaine at Hawthorn Row | A01 | Studio,1BA | $1,976 |
Best Value Apartments for Rent in Libertyville, IL
As of April 21, 2026 the best value apartment in the Libertyville area is the $1.83 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,486. The second greatest value Libertyville apartment is the Urban Loft Model at Northline Apartments starting at $3,250 with a $2.49 price per square foot in the Downtown Libertyville 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. |
|---|---|---|---|
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.83 |
| Northline Apartments | Urban Loft | 2BR,2BA | $2.49 |
| NorthEnd Apartments | 2X1.5 | 2BR,1.5BA | $1.54 |
| Station 250 | Sun | 2BR,2BA | $2.44 |
| 705 S Milwaukee Ave | 2 Bedroom- 2 Bath | 2BR,2BA | $2.05 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.16 |
| 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 |
| 432 N Milwaukee Ave, Unit D | 432 N Milwaukee Ave | 1BR,1BA | $1.86 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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 $1,976.
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 $3,961.
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 4 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 $123 which is $3,838 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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.