Median Age
44 Years
Largest Age Group
50-59 Years
Approximately 15% of Residents
Under 20
24%
Over 65
21%
Area Guide
Avg Rent
$1,556
Population
20,525
Renter Mix
21% Rent
Libertyville sits about 40 miles north of Chicago, carrying the easy confidence of a well-established village that never forgot its small-town roots. The city's downtown along Milwaukee Avenue draws people in with its walkable stretch of locally owned shops, specialty boutiques, and a weekend farmers' market that has been a community staple for years. The village earned a notable place in history as the former burial site of Peter II of Yugoslavia, once the only European monarch laid to rest on American soil. College of Lake County and Lake Forest College are both within a short drive, adding an educational presence to the broader area.
The housing mix here reflects the character of the community itself: tree-lined streets with classic Craftsman and Colonial-style single-family homes sit alongside well-kept townhome communities and apartment communities ranging from garden-style buildings to updated mid-rise options. The rental landscape offers solid variety for those who want more space without trading away the conveniences of an active downtown corridor. Metra rail access at Libertyville Station keeps Chicago well within reach for work or weekend adventures, while the surrounding Lake County landscape gives the village a grounded, unhurried feel that is hard to find this close to a major metro.
Downtown Libertyville has lots of restaurants and stores within walking distance of many homes.
Libertyville is a village in Lake County and a northern suburb of Chicago.
Lindholm Park in Libertyville includes a baseball field and walking path.
Libertyville's highly active Metra train station brings commuters quickly to and from Chicago.
Libertyville residents walk hand in hand down Milwaukee Ave past their favorite shops.
Libertyville kids practice their lifestyle photography in the busy downtown area near Cook Park.
Median Household Income
$154,487
Average: $180,605
Education
11,141
Residents Have a Degree
Job Market
10,614
Workers Employed
Median Age
44 Years
Largest Age Group
50-59 Years
Approximately 15% of Residents
Under 20
24%
Over 65
21%
Housing Distribution
Libertyville has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of July 2026, the average apartment rent in Libertyville, IL is $1,424 for a studio, $1,556 for one bedroom, $1,786 for two bedrooms, and $2,390 for three bedrooms. Apartment rent in Libertyville has increased by 2.6% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Libertyville, IL is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades PK-5
565 Students
Copeland Manor Elementary School
Public
Grades K-5
372 Students
Public
Grades K-5
233 Students
Public
Grades K-8
896 Students
Public
Grades K-8
896 Students
Public
Grades K-8
896 Students
Public
Grades K-8
896 Students
Public
Grades 6-8
694 Students
Public
Grades 9-12
1,736 Students
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.