8

Studio Apartments for Rent in Libertyville, IL

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  • /56

    Starting at $1,763

    Total Monthly Price

    • Studio - 3 Beds

    1111 N Milwaukee Ave, Vernon Hills, IL 60061

    We are now accepting in-person and self-guided tours via scheduled appointments only. Our virtual tours are also available. Please schedule yours today.

    The Atworth at Mellody Farm

    1111 N Milwaukee Ave, Vernon Hills, IL 60061
  • /50

    Starting at $988 Per Month

    • Studio - 3 Beds

    115 Lake St, Libertyville, IL 60048

    Enjoy comfortable living in your apartment home

    Eleven 5 Lake

    115 Lake St, Libertyville, IL 60048
  • /19

    Starting at $1,400 Per Month

    • Studio - 3 Beds

    705 S Milwaukee Ave, Libertyville, IL 60048

    ** ONE-MONTH FREE RENT**Modern Living in the Heart of LibertyvilleWelcome home to charming Libertyville, IL where small-town warmth meets everyday convenience. Our newly updated 1, 2 and 3-bedroom apartments feature open layouts, modern kitchens, and fresh finishes that blend comfort with style.You'll love being just a short walk from downtown Libertyville's restaurants,

    705 S Milwaukee Ave

    705 S Milwaukee Ave, Libertyville, IL 60048
  • /12

    $1,050

    Total Monthly Price

    • Studio
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    328 N Milwaukee Ave, Libertyville, IL 60048

    Beautiful Downtown Libertyville Studio apartment located in downtown Libertyville with heat and water included. 0BR / 1Barent period: monthlyapartmentlaundry in buildingoff-street parking No pets allowedIMMEDIATE OCCUPANCY

    328 N Milwaukee Ave, Libertyville, IL 60048
  • /4

    $1,400 Per Month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • Condo for Rent

    711 S Milwaukee Ave Unit 100, Libertyville, IL 60048

    ***Move In Special***ONE-MONTH FREE RENTModern Living in the Heart of LibertyvilleYou'll love being just a short walk from downtown Libertyville's restaurants, shops, and local events. Families will appreciate the highly rated schools, and commuters will enjoy quick access to the Metra and nearby highways.Discover a home that's comfortable, convenient, and

    711 S Milwaukee Ave Unit 100, Libertyville, IL 60048
  • /4

    $1,400 Per Month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • Condo for Rent

    711 S Milwaukee Ave Unit 100, Libertyville, IL 60048

    ***Move In Special***ONE-MONTH FREE RENTModern Living in the Heart of LibertyvilleYou'll love being just a short walk from downtown Libertyville's restaurants, shops, and local events. Families will appreciate the highly rated schools, and commuters will enjoy quick access to the Metra and nearby highways.Discover a home that's comfortable, convenient, and

    711 S Milwaukee Ave Unit 100, Libertyville, IL 60048

Why Live in Libertyville

Libertyville, Illinois, is an exurb known for its strong community spirit and vibrant local events. The Libertyville Days Festival is a highlight, drawing thousands downtown each summer for parades, carnival rides, vendors, and live bands. The city’s roughly 20,000 residents enjoy highly rated schools, including Libertyville District 70, Hawthorn Community Consolidated School District No. 73, and Libertyville High School. Libertyville offers diverse housing options, from midcentury ranch-style homes to early-2000s Contemporary styles and newly built New Traditional homes. The city is home to several employers, including Advocate Condell Medical Center, Hollister Incorporated, and Volkswagen Credit, making it convenient for those who work locally or commute to Chicago. There are numerous things to do, such as visiting neighborhood parks, fishing at Butler Lake, or playing golf at Pine Meadow Golf Club. The city’s north end features wildlife preserves like Independence Grove Forest Preserve and Wilmont Woods Forest Preserve, connected by trails along the Des Plaines River. Downtown Libertyville, centered around Milwaukee Avenue, hosts year-round events, a weekly farmers market, and performances at the Improv Playhouse Theater. Dining options are plentiful, with Asian cuisine, coffee shops, diners, and fast-food joints lining Milwaukee Avenue and Buckley Road. Public transportation is robust, with Metra stations providing access to Chicago, and Interstate 94 offering a direct route to downtown Chicago and Milwaukee.

Frequently Asked Questions

How much does it cost to rent a home in Libertyville, IL?
The median rent for a home in Libertyville, IL is $2,175 per month, though prices vary by neighborhood, size, and property type. As of August 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 $87,000 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 $2,175 per month in Libertyville, IL, renters typically need to show $6,525 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 25.9, 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.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$2,175
Median Single Family Home Rent
$3,000
Median Townhouse Rent
$4,000
Median Condo Rent
$2,150
How to Rent a Home