
Cheap Homes for Rent in the Downtown Libertyville Neighborhood of Libertyville, IL from $1,700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Libertyville area of Libertyville.

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.

207 W Park Ave
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.

120 E Winchester Rd
Downtown Libertyville, Libertyville, IL Local Guide

How much does it cost to rent a home in Downtown Libertyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Libertyville 2 Bedroom Homes for Rent | $2,470 | $1,750 | $3,200 |
| Downtown Libertyville 3 Bedroom Homes for Rent | $2,650 | $2,250 | $3,500 |
| Downtown Libertyville 4 Bedroom Homes for Rent | $4,950 | $4,950 | $4,950 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 1 mile radius of the Downtown Libertyville Neighborhood of Libertyville, IL.
Explore Libertyville
Downtown Libertyville, Libertyville, IL Local Guide
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Best Value Apartments for Rent in Downtown Libertyville, IL
As of August 02, 2026 the best value apartment in the Downtown Libertyville area is the $1.52 price per square foot Waiting List Model at Northline Apartments in the in the Downtown Libertyville neighborhood starting from $1,990. The second greatest value Downtown Libertyville apartment is the 3 Bedroom 2 Bath Model at 705 S Milwaukee Ave starting at $2,400 with a $2.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| 705 S Milwaukee Ave | 3 Bedroom 2 Bath | 3BR,2BA | $2.00 |
| Cardinal Square - Building D2 | CSD2 - x15 Tier | 1BR,1BA | $2.46 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Cook Apartments at Libertyville | A2 | 1BR,1BA | $2.46 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $2.09 |
| 601 N Milwaukee Ave, Unit C | 601 N Milwaukee Ave | 1BR,1BA | $2.73 |
| Springs at Mundelein | Studio Grand Courtyard | Studio ,1BA | $3.44 |
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 #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 Downtown Libertyville
What type of rentals are currently available in Downtown Libertyville?
There are currently 51 Apartments for Rent in Downtown Libertyville, IL with pricing that ranges from $1,242 to $4,466. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Libertyville ranging from $1,750 to $4,950.
What is the current price range for Rental Homes in Downtown Libertyville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Libertyville ranges from $1,750 to $4,950 with an average monthly rent of $2,560.
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.

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.

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.