Cheap Apartments for Rent in Libertyville, IL from $700 (54 Rentals)

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

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601 N Milwaukee Ave, Unit C
$1,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,775
Total Monthly Price
$1,775
1 Bedroom Apartment Available Now

601 N Milwaukee Ave, Unit C

601 N Milwaukee AveLibertyville, IL 60048
  • Smoke Free
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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

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.

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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
property at 207 W Park Ave

$2,150 - $2,350

2 To 3 Bedroom Rentals

Available Now

207 W Park Ave

LibertyvilleIL60048

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.

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Station 250
Rent Specials
$1,716 - $3,651
Total Monthly Price

Total Monthly Price

Base Rent
$1,716 - $3,651
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
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property at 1006 Centurion Ln

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1.5 Bath Condo for Rent

Available Aug 1

1006 Centurion Ln, Unit Apartment

1006 Centurion Ln
Vernon HillsIL60061

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.

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property at 312 Allanson Rd

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

3 Bedroom, 1 Bath Home for Rent

Available Now

312 Allanson Rd

MundeleinIL60060
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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
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84 W Belvidere Rd
2 Bedroom Apartments

84 W Belvidere Rd

84 W Belvidere RdGrayslake, IL 60030

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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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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Libertyville, IL Local Guide

Cheapest Neighborhoods for Apartments in Libertyville, IL

Pricing Updated: 07/21/2026

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$3,695$1,24243
Bushs Corners$3,865$1,24222

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
Morris Station1BR/1.0BA1BR,1BA$1,777
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$1,825
705 S Milwaukee Ave2 Bedroom 1.5 Bath2BR,1BA$1,875
Springs at MundeleinStudio Grand CourtyardStudio,1BA$1,927
Northline ApartmentsWaiting List2BR,2BA$1,990

Best Value Apartments for Rent in Libertyville, IL

As of July 21, 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 Waiting List Model at Northline Apartments starting at $1,990 with a $1.52 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.
Eleven 5 LakeE5N3BR,2BA$2.14
Northline ApartmentsWaiting List2BR,2BA$1.52
705 S Milwaukee Ave3 Bedroom 2 Bath3BR,2BA$2.00
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Cardinal Square - Building D2CSD2 - x15 Tier1BR,1BA$2.46
Cook Apartments at LibertyvilleB12BR,1BA$2.33
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.20
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
325 Neville Dr, Unit 1325 Neville Dr1BR,1BA$1.37
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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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.

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Best Local Schools in
Libertyville, IL

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $1,990.

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 $3,780.

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 8 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 $345 which is $3,435 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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.