
Cheap Apartments for Rent in the Interlaken Neighborhood of Libertyville, IL from $800 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Interlaken area of Libertyville.


Northline Apartments

Cook Apartments at Libertyville

Liberty Towers

617-621 W Park Ave
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.

Eleven9 Rockland

215 E Park Ave

144 W Park Ave

160 E Cook Ave

Morris Station
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.

Blue Sky Mundelein

Station Square at Prairie Crossing

Cardinal Square - Building C

Lakeside Apartments

Mundelein Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Fairhaven Crossing

520-608 Mckinley Ave
Interlaken, Libertyville, IL Local Guide

How much does it cost to rent an apartment in Interlaken?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Interlaken Studio Apartments | $1,770 | $1,450 | $1,890 |
| Interlaken 1 Bedroom Apartments | $1,969 | $1,242 | $2,455 |
| Interlaken 2 Bedroom Apartments | $2,501 | $1,775 | $3,645 |
| Interlaken 3 Bedroom Apartments | $3,162 | $2,345 | $4,395 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Interlaken Neighborhood of Libertyville, IL.
See all Apartments in LibertyvilleExplore Libertyville
Cheapest Available Interlaken Apartments for Rent
 The cheapest available apartment rental in the Interlaken area of Libertyville, IL is a 1 Bed unit found at Cardinal Square - Building C priced from $1,765. Cardinal Square - Building D2 has the second lowest priced unit, which is a Studio apartment currently listed from $1,795. Here are the most affordable Interlaken apartments for rent in Libertyville, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $1,765 |
| Cardinal Square - Building D2 | CSD2 - x12 Tier | Studio,1BA | $1,795 |
| 705 S Milwaukee Ave | 2 Bedroom- 2 Bath | 2BR,2BA | $2,100 |
| Station 250 | Polaris | 2BR,2BA | $2,600 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $2,652 |
Best Value Apartments for Rent in Interlaken, IL
As of January 29, 2026 the best value apartment in the Interlaken area is the $2.00 price per square foot 3 Bedroom / 2 Bathroom Model at Eleven5 Lake in the in the Downtown Libertyville neighborhood starting from $3,400. The second greatest value Interlaken apartment is the 2BR/2.0BA Model at Morris Station starting at $2,652 with a $2.03 price per square foot in the Central Vernon Hills neighborhood. Here is today’s list of the best values for Interlaken apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eleven5 Lake | 3 Bedroom / 2 Bathroom | 3BR,2BA | $2.00 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $2.03 |
| Northline Apartments | Urban Loft | 2BR,2BA | $2.49 |
| Station 250 | Sun | 2BR,2BA | $2.44 |
| 432 N Milwaukee Ave, Unit C | 432 N Milwaukee Ave | 1BR,1BA | $1.30 |
| 705 S Milwaukee Ave | 2 Bedroom- 2 Bath | 2BR,2BA | $2.15 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.12 |
| Cardinal Square - Building D2 | CSD2 - x12 Tier | Studio ,1BA | $2.56 |
Frequently Asked Questions about Cheap Interlaken Apartments
What is the price of a cheap apartment in Interlaken?
The cheapest apartment in Interlaken is Cardinal Square - Building C which is listed at $1,765, while the average apartment in Interlaken costs $2,500.
What types of apartments are the cheapest in Interlaken?
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 3 regular apartments in Interlaken that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

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.