Cheap Apartments for Rent in the Interlaken Neighborhood of Libertyville, IL from $800 (17 Rentals)

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

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617-621 W Park Ave
2 Bedroom Apartments

617-621 W Park Ave

617-621 W Park AveLibertyville, IL 60048

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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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
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144 W Park Ave
Studio to 1 Bedroom Apartments

144 W Park Ave

144 W Park AveLibertyville, IL 60048
  • Utilities Included
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160 E Cook Ave
1 Bedroom Apartments

160 E Cook Ave

160 E Cook AveLibertyville, IL 60048
  • Utilities Included

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.

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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

1355 W Maple AveMundelein, IL 60060
  • Utilities Included
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Mundelein Apartments
1 to 2 Bedroom Apartments

Mundelein Apartments

600 McKinley AveMundelein, IL 60060
  • Utilities Included

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.

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Fairhaven Crossing
1 to 3 Bedroom Apartments

Fairhaven Crossing

407 E Hawley StMundelein, IL 60060
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520-608 Mckinley Ave
1 to 2 Bedroom Apartments

520-608 Mckinley Ave

520-608 Mckinley AveMundelein, IL 60060
  • Utilities Included

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 ListingModel NameBed/BathPriced From
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$1,765
Cardinal Square - Building D2CSD2 - x12 TierStudio,1BA$1,795
705 S Milwaukee Ave2 Bedroom- 2 Bath2BR,2BA$2,100
Station 250Polaris2BR,2BA$2,600
Morris Station2BR/2.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Eleven5 Lake3 Bedroom / 2 Bathroom3BR,2BA$2.00
Morris Station2BR/2.0BA2BR,2BA$2.03
Northline ApartmentsUrban Loft2BR,2BA$2.49
Station 250Sun2BR,2BA$2.44
432 N Milwaukee Ave, Unit C432 N Milwaukee Ave1BR,1BA$1.30
705 S Milwaukee Ave2 Bedroom- 2 Bath2BR,2BA$2.15
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.12
Cardinal Square - Building D2CSD2 - x12 TierStudio ,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

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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.

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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.

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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.