
Cheap Apartments for Rent in the Downtown Libertyville Neighborhood of Libertyville, IL from $900 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Libertyville area of Libertyville.


Liberty Towers

705 S Milwaukee Ave

Total Monthly Price
610 N Milwaukee Ave, Unit B

Cook Apartments at Libertyville

620 N Milwaukee Ave, Unit C
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.

Total Monthly Price
826 N Milwaukee Ave, Unit D2

Eleven 5 Lake

Northline Apartments

131 Newberry Ave

Moraine East Apartments

Liberty Terrace
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.

711 S Milwaukee Ave

Eleven9 Rockland

215 E Park Ave

709 W Park Ave

826 N Milwaukee Ave

520 N Milwaukee Ave
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.
Downtown Libertyville, Libertyville, IL Local Guide

How much does it cost to rent an apartment in Downtown Libertyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Libertyville Studio Apartments | $1,472 | $1,050 | $2,143 |
| Downtown Libertyville 1 Bedroom Apartments | $1,925 | $1,242 | $2,794 |
| Downtown Libertyville 2 Bedroom Apartments | $2,432 | $1,750 | $3,715 |
| Downtown Libertyville 3 Bedroom Apartments | $3,608 | $2,400 | $4,736 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 1 mile radius of the Downtown Libertyville Neighborhood of Libertyville, IL.
See all Apartments in LibertyvilleExplore Libertyville
Downtown Libertyville, Libertyville, IL Local Guide
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Cheapest Available Downtown Libertyville Apartments for Rent
 The cheapest available apartment rental in the Downtown Libertyville area of Libertyville, IL is a Studio unit found at 705 S Milwaukee Ave priced from $1,400. Heritage Green Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,445. Here are the most affordable Downtown Libertyville apartments for rent in Libertyville, IL:
| 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 |
| Cook Apartments at Libertyville | A1 | 1BR,1BA | $1,770 |
| Northline Apartments | Waiting List | 2BR,2BA | $1,990 |
Best Value Apartments for Rent in Downtown Libertyville, IL
As of August 30, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| 826 N Milwaukee Ave, Unit D2 | 826 N Milwaukee Ave | 2BR,1BA | $1.94 |
| Cardinal Square - Building D2 | CSD2 - x06 Tier | 1BR,1BA | $2.47 |
| Springs at Mundelein | 1 BR Designer Courtyard w/ Garage | 1BR,1BA | $3.07 |
| 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 |
| 705 S Milwaukee Ave | Studio | Studio ,1BA | $3.50 |
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.
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.
Pet Friendly LifestyleDowntown Libertyville, Libertyville, IL
Ranked #3
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Libertyville, Libertyville, IL
Rockland Elementary School
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Libertyville Apartments
What is the price of a cheap apartment in Downtown Libertyville?
The cheapest apartment in Downtown Libertyville is Heritage Green Apartments which is listed at $1,445, while the average apartment in Downtown Libertyville costs $2,139.
What types of apartments are the cheapest in Downtown 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 9 regular apartments in Downtown 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 Downtown Libertyville?
Cheap apartments in Downtown Libertyville have an average cost of $319 which is $1,820 cheaper than the average rent for all rentals in Downtown 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.

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.

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.