
Cheap Apartments for Rent in the Downtown Libertyville Neighborhood of Libertyville, IL from $900 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Libertyville area of Libertyville.


432 N Milwaukee Ave, Unit C

Cook Apartments at Libertyville

NorthEnd Apartments

Moraine East Apartments

Liberty Terrace
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Eleven9 Rockland

Lakeside Village Apartments

Heritage Green Apartments

Woodlands Apartment Homes

Orchard Apartments

Embassy Apartments
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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 | $1,707 | $1,250 | $1,844 |
| Downtown Libertyville 1 Bedroom Apartments | $1,921 | $1,242 | $2,597 |
| Downtown Libertyville 2 Bedroom Apartments | $2,457 | $1,775 | $3,250 |
| Downtown Libertyville 3 Bedroom Apartments | $3,749 | $2,297 | $4,395 |
Browse Apartments in this Neighborhood
There are currently 12 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
- Nearby Libertyville neighborhoods
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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 Lakeside Village Apartments priced from $1,250. Heritage Green Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here are the most affordable Downtown Libertyville apartments for rent in Libertyville, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakeside Village Apartments | 0 BED / 1.0 BATH, 340 SQ FT - RENOVATED | Studio,1BA | $1,250 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,275 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $1,765 |
| Springs at Mundelein | Studio Grand Overlook | Studio,1BA | $1,789 |
| Cardinal Square - Building D2 | CSD2 - x12 Tier | Studio,1BA | $1,795 |
Best Value Apartments for Rent in Downtown Libertyville, IL
As of January 13, 2026 the best value apartment in the Downtown Libertyville area is the $2.19 price per square foot 2 Bedroom / 2 Bathroom Model at Eleven5 Lake in the in the Downtown Libertyville neighborhood starting from $2,900. The second greatest value Downtown 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 Downtown Libertyville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eleven5 Lake | 2 Bedroom / 2 Bathroom | 2BR,2BA | $2.19 |
| Northline Apartments | Urban Loft | 2BR,2BA | $2.49 |
| 432 N Milwaukee Ave, Unit C | 432 N Milwaukee Ave | 1BR,1BA | $1.40 |
| 705 S Milwaukee Ave | 2 Bedroom- 2 Bath | 2BR,2BA | $2.15 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.12 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.70 |
| Cardinal Square - Building D2 | CSD2 - x12 Tier | Studio ,1BA | $2.56 |
| Springs at Mundelein | Studio Grand Courtyard | Studio ,1BA | $3.22 |
| Lakeside Village Apartments | 0 BED / 1.0 BATH, 340 SQ FT - RENOVATED | Studio ,1BA | $3.68 |
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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How much rent can you afford?
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Pet Friendly LifestyleDowntown Libertyville, Libertyville, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 a cheap apartment in Downtown Libertyville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Libertyville is under $3,250.
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 $1,275, while the average apartment in Downtown Libertyville costs $3,876.
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 5 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 $338 which is $3,538 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!