At $2,593/mo, rent takes about 19% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,593 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Libertyville, IL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 71% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Libertyville, IL has changed in 5 years
Household income in the area moved from $153,674 to $165,667 across the same window, up 7.8% versus 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 73.6% to 71%.
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Can you afford rent in Libertyville on your salary?
At $2,593/mo, how Libertyville rent compares to typical pay (30% rule).
Libertyville rent by bedroom count
Median rent for each apartment size in Libertyville. Click any size for full breakdown.
Tips for renters in Libertyville
Last updated: August 17, 2026
The median rent in Libertyville is $2,593/mo as of August 2026. A studio apartment averages $1,710/mo while a 2-bedroom runs $2,070/mo. One-bedroom apartments average $1,830/mo and 3-bedroom units go for $2,660/mo.
At 19% of local median household income ($165,667/yr), Libertyville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Libertyville?
How does Libertyville rent compare to other cities in Illinois?
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What percentage of Libertyville residents rent vs. own?
How does Libertyville rent compare to the national average?
At $2,593/mo, rent takes ~19% of Libertyville's median household income ($165,667/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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