Homes & Apartments for Rent in Libertyville, IL

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What to Know About

Life in Libertyville & Beyond

Libertyville shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Libertyville, IL

As of May 2026, Libertyville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Libertyville's average rent is 3.1% ($53) higher than the Illinois average of $1,700 and 2.0% ($36) lower than the U.S. average of $1,789.

Average Rent
$1,753
Monthly ChangeMonth Over Month Change
Decreased0.5% ($8)
Yearly ChangeYear Over Year Change
Increased8.3% ($134)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,432 Increased3.9% ($54) Increased13.6% ($171)
2 Beds $1,735 Increased0.5% ($8) Increased7.1% ($115)
3 Beds $1,945 Decreased2.3% ($45) Increased6.8% ($124)
Nearby Cities Average Rent Avg. Rent vs. LibertyvilleAverage Rent vs. Libertyville Avg. Days on MarketAverage Days on Market
Vernon Hills $2,685 Increased53.2% ($932) 26 days
Lake Bluff $2,112 Increased20.5% ($359) 27 days
Mundelein $2,091 Increased19.3% ($338) 27 days
Lake Forest $3,975 Increased126.8% ($2222) 25 days
Grayslake $1,491 Decreased14.9% ($262) 27 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Libertyville Rental Market FAQs

Explore rental prices, market trends, and availability in Libertyville, IL.

The average rent in Libertyville, IL is $1,753 per month.
Homes in Libertyville typically rent for between $1,002 and $2,529 per month, with an average of $1,753 per month.
In Libertyville, the average rent for a 1-bedroom home is $1,432 per month, for a 2-bedroom home, $1,735 per month, and a 3-bedroom home is $1,945 per month.
The average rent in Libertyville is 2% ($36) lower than the national average of $1,789 per month.
The average rent in Libertyville has decreased by 0.5% ($8) in the last month and increased by 8.3% ($134) over the past year.
The rental market in Libertyville, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Libertyville, IL, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in Libertyville, IL.
Based on the current averages, a household would need an annual income of $69,400 to comfortably afford a 2-bedroom home in Libertyville.
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