Cheap Apartments for Rent in Libertyville, IL from $700 (40 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

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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Eleven9 Rockland
2 Bedroom Apartments

Eleven9 Rockland

119 W Rockland RdLibertyville, IL 60048
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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

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.

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Station 250
Rent Specials
$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 Available Now

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
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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.

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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
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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

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.

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84 W Belvidere Rd
2 Bedroom Apartments

84 W Belvidere Rd

84 W Belvidere RdGrayslake, IL 60030

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

Cheapest Neighborhoods for Apartments in Libertyville, IL

Pricing Updated: 04/21/2026

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$3,850$1,02451
Bushs Corners$4,073$1,02417

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
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$1,795
Cardinal Square - Building D2CSD2 - x10 TierStudio,1BA$1,795
Cook Apartments at LibertyvilleA31BR,1BA$1,820
Springs at MundeleinStudio Grand OverlookStudio,1BA$1,846
NorthEnd Apartments2X1.52BR,1BA$1,850
The Domaine at Hawthorn RowA01Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Morris Station2BR/2.0BA2BR,2BA$1.83
Northline ApartmentsUrban Loft2BR,2BA$2.49
NorthEnd Apartments2X1.52BR,1.5BA$1.54
Station 250Sun2BR,2BA$2.44
705 S Milwaukee Ave2 Bedroom- 2 Bath2BR,2BA$2.05
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.16
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$2.09
432 N Milwaukee Ave, Unit D432 N Milwaukee Ave1BR,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.

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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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The 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.

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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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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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.

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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.