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Libertyville, IL Condos for Rent

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  • 325 3rd St Unit 2, Libertyville, IL 60048
    325 3rd St Unit 2, Libertyville, IL 60048
    325 3rd St Unit 2, Libertyville, IL 60048
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    $2,250 Per Month

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    325 3rd St Unit 2, Libertyville, IL 60048

    1/2 MONTH FREE RENT for 1 year lease & 1 MONTH FREE RENT for 2 Year lease. Here's your chance to live in a newly updated 3 bedroom apartment steps from vibrant downtown Libertyville!! This stunning apartment offers a spacious Living Room w/hardwood floor & picture windows & separate Dining Room w/hardwood floor along with fully updated eat-in Kitchen w/SS appliances, granite countertop,

    Alexander Attiah Fulton Grace Realty

    325 3rd St Unit 2, Libertyville, IL 60048
  • 641 W Park Ave Unit D, Libertyville, IL 60048
    641 W Park Ave Unit D, Libertyville, IL 60048
    641 W Park Ave Unit D, Libertyville, IL 60048
    /10

    $1,795 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    641 W Park Ave Unit D, Libertyville, IL 60048

    Updated Apartment Complex in Libertyville, IL. - AVAILABLE NOW! FULLY RENOVATED UNITS: Welcome to one of the best kept secrets in IL - Libertyville! These lovely apartments have gone through a brand new renovation in 2021! ALL NEW APPLIANCES. NEW BATHROOMS, NEW KITCHEN, NEW CABINETS (2021) In-unit washer and dryer! Located adjacent from Libertyville High School and less than one mile from

    641 W Park Ave Unit D, Libertyville, IL 60048
Illinois Lake County Libertyville

Condos for Rent in Libertyville, IL

Frequently Asked Questions

How much does it cost to rent a condo in Libertyville, IL?
The median rent for a condo in Libertyville, IL is $2,100 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Libertyville, IL?
To comfortably afford the median rent in Libertyville, IL, a household needs to earn roughly $106,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,650 per month in Libertyville, IL, renters typically need to show $7,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Libertyville, IL?
In Libertyville, IL, the price-to-rent ratio is 20.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Libertyville, IL are best for renting a condo?
The best neighborhood for renting in Libertyville, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Downtown Palatine, Marquette Highlands and East Highland Park, each with its own character and price range.

Rental Home Trends in Libertyville, IL

There are currently 2 condos available for rent in Libertyville, IL. The median rent is $2,100 per month, with 1-bedroom condos renting at $1,375, 2-bedroom condos at $2,100 and 3-bedroom condos at $2,575.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$2,100
Median 1 Bedroom Condo Rent
$1,375
Median 2 Bedroom Condo Rent
$2,100
Median 3 Bedroom Condo Rent
$2,575
How to Rent a Home

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