Eleven 5 Lake
115 Lake St,
Libertyville, IL 60048
$1,024 - $4,736
Studio - 3 Beds
Libertyville
Libertyville, IL Area Guide
Classic Midwestern coziness amid Chicago’s northern suburbs
Suburb
•
Commuter
•
Rail Service
•
Metra
•
Historic
•
Safe
•
Low Crime
•
Schools
•
Family Friendly
•
Upscale
•
Libertyville is a thriving suburban village positioned about ten miles from Waukegan and forty miles north of Chicago. The vibrant Downtown area along Milwaukee Avenue is a timeless slice of vintage Americana, a popular walking district hosting a diverse blend of restaurants, taverns, specialty shops, and other locally-owned small businesses, plus a long-running weekend farmers’ market.
Larger shopping centers are spread across the community as well, and Metra rail service makes it easy to take advantage of the offerings all across the greater Chicagoland area. Libertyville also boasts a combination of terrific local schools and an extremely low crime rate, making it an excellent option for folks raising families.
Rent Trends
As of April 2026, the average apartment rent in Libertyville, IL is $1,468 for a studio, $1,558 for one bedroom, $1,791 for two bedrooms, and $2,501 for three bedrooms. Apartment rent in Libertyville has increased by 3.3% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,558/month
644 Sq Ft
House
$2,422/month
1,004 Sq Ft
Condo
$2,306/month
1,071 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Libertyville, IL is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Limited Public Transit
Transit
30
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Schools
Public
Grades PK-5
460 Students
Copeland Manor Elementary School
Public
Grades K-5
386 Students
Public
Grades K-5
241 Students
Public
Grades K-8
931 Students
Public
Grades K-5
303 Students
Public
Grades K-8
931 Students
Public
Grades 6-8
755 Students
Public
Grades 9-12
1,811 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Independence Grove
- Old School Preserve
- Almond Marsh
- Prairie Crossing Learning Farm
- Middlefork Savanna Preserve
Airports
- Chicago O'Hare International
Top Apartments in Libertyville
Houses for Rent in Libertyville
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Methodology
† 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 February 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.