Cheap Apartments for Rent in the Downtown Libertyville Neighborhood of Libertyville, IL from $900 (20 Rentals)

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

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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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
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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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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

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.

Downtown Libertyville, Libertyville, IL Local Guide

Cheapest Available Downtown Libertyville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Libertyville area of Libertyville, IL is a 1 Bed unit found at Heritage Green Apartments priced from $1,445. Lakeside Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,485. Here are the most affordable Downtown Libertyville apartments for rent in Libertyville, IL:

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
NorthEnd Apartments1X11BR,1BA$1,695
Cardinal Square - Building D2CSD2 - x10 TierStudio,1BA$1,795
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$1,795

Best Value Apartments for Rent in Downtown Libertyville, IL

As of April 16, 2026 the best value apartment in the Downtown Libertyville area is the $2.49 price per square foot Urban Loft Model at Northline Apartments in the in the Downtown Libertyville neighborhood starting from $3,250. The second greatest value Downtown Libertyville apartment is the 2 Bedroom- 2 Bath Model at 705 S Milwaukee Ave starting at $2,000 with a $2.05 price per square foot in the Central Vernon Hills neighborhood. Here is today’s list of the best values for Downtown Libertyville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Northline ApartmentsUrban Loft2BR,2BA$2.49
705 S Milwaukee Ave2 Bedroom- 2 Bath2BR,2BA$2.05
NorthEnd Apartments1X11BR,1BA$1.88
Springs at Mundelein1 BR Designer Overlook1BR,1BA$3.24
Cook Apartments at LibertyvilleB12BR,1BA$2.51
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
Cardinal Square - Building D2CSD2 - x10 TierStudio ,1BA$2.56

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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Quick 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.

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Pet Friendly Lifestyle
Downtown Libertyville, Libertyville, IL

Ranked #1

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Libertyville Apartments

What is the Cheapest Studio apartment in Downtown Libertyville?

Currently the most affordable Cheap Studio Apartment in Downtown Libertyville is at Cardinal Square - Building D2 listed at $1,795.

How much is rent for a Cheap One Bedroom Downtown Libertyville Apartment?

The lowest price for a Cheap One Bedroom Downtown Libertyville Apartment is $1,445 at Heritage Green Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Libertyville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Libertyville is starting from $1,825 at Lakeside Village Apartments.

What is the most affordable Downtown Libertyville Three Bedroom Apartment?

The best deal on a cheap Downtown Libertyville Three Bedroom Apartment rental is at Springs at Mundelein and starts from $3,515.

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

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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.