
Cheap Apartments for Rent in Libertyville, IL from $700 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Libertyville.


Cook Apartments at Libertyville

649 W Park Ave

705 S Milwaukee Ave

Northline Apartments

Eleven 5 Lake

Moraine East Apartments

Liberty Terrace

Eleven9 Rockland
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.

215 E Park Ave

711 S Milwaukee Ave

Moore Court Apartments

Woodlands Apartment Homes

Heritage Green Apartments

Lakeside Village Apartments

Grays Pointe Apartments

Total Monthly Price
Station 250

Total Monthly Price
The Atworth at Mellody Farm
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.

Morris Station

Springs at Mundelein

1233 Ballantrae Pl, Unit B

The Domaine at Hawthorn Row

Cardinal Square - Building D2

Total Monthly Price
1266 Bradwell Ln, Unit D

Grayslake Apartments

Lakeside Apartments

Orchard Apartments
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.

Embassy Apartments

Coves of Mundelein

700 McKinley Ave

Glen Street Apartments

84 W Belvidere Rd

Cardinal Square - Building C

2 Timber Ln

820 N Lakeside Dr

4 Echo Ct
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.

8 Echo Ct

533 Bobby Ln

1357 S Candlestick Way
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 | $2,014 | $1,475 | $6,927 |
| Cheap Libertyville 1 Bedroom Apartments | $2,460 | $1,242 | $6,647 |
| Cheap Libertyville 2 Bedroom Apartments | $3,237 | $1,655 | $10,000+ |
| Cheap Libertyville 3 Bedroom Apartments | $4,327 | $2,400 | $10,000+ |
| Cheap Libertyville 4 Bedroom Apartments | $3,520 | $3,290 | $3,750 |
Browse Top Apartments in Libertyville
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Libertyville, IL Local Guide
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Cheapest Neighborhoods for Apartments in Libertyville, IL
Pricing Updated: 06/05/2026Current 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 | $3,915 | $1,242 | 59 |
| Bushs Corners | $4,051 | $1,242 | 20 |
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 |
| 705 S Milwaukee Ave | 2 bedroom 1.5 Bath | 2BR,1BA | $1,875 |
| Northline Apartments | Waiting List | 2BR,2BA | $1,990 |
| Cook Apartments at Libertyville | B1 | 2BR,1BA | $1,995 |
| Springs at Mundelein | Studio Grand Overlook | Studio,1BA | $2,008 |
| Cardinal Square - Building D2 | CSD2 - x18 Tier | 1BR,1BA | $2,090 |
| Everleigh Vernon Hills 55+ Active Adult Apartments | A3 | 1BR,1BA | $2,131 |
| Morris Station | 2BR/2.0BA | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Atworth at Mellody Farm | D2D | 3BR,2BA | $2.97 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.78 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| 705 S Milwaukee Ave | 3 Bedroom 2 Bath | 3BR,2BA | $1.63 |
| The Majestic Luxury Apartments | B3 | 2BR,2BA | $2.68 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Cardinal Square - Building D2 | CSD2 - x14 Tier | 1BR,1BA | $2.35 |
| Cook Apartments at Libertyville | B1 | 2BR,1BA | $2.33 |
| 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 |
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 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.
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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.
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 $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

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.

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.

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.

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.