Rent in Libertyville, IL
A 2-bedroom in Libertyville, IL (ZIP 60048) typically rents for about $1,964 a month, with a range of $1,708–$2,220. Owner-occupied homes in Lake County pay about 2.58% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,850 | $1,678–$1,850 | 1 |
| 1 bed | $1,584 | $1,197–$1,970 | 1 |
| 2 beds | $1,964 | $1,708–$2,220 | 1 |
| 3 beds | $2,635 | $2,419–$2,850 | 1 |
| 4 beds | $2,861 | $2,461–$3,260 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Libertyville ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Libertyville, IL?
- About $1,964 a month: the median of the typical rents in 1 ZIP code, which range from $1,708–$2,220. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Libertyville, IL?
- About $1,584 a month: the median of the typical rents in 1 ZIP code, which range from $1,197–$1,970. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Libertyville, IL?
- About $2,635 a month: the median of the typical rents in 1 ZIP code, which range from $2,419–$2,850. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Libertyville, IL?
- About $1,850 a month: the median of the typical rents in 1 ZIP code, which range from $1,678–$1,850. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Libertyville, IL?
- About $2,861 a month: the median of the typical rents in 1 ZIP code, which range from $2,461–$3,260. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Libertyville, IL?
- Owner-occupied homes in Lake County pay a typical 2.58% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Libertyville rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).