Cheap Apartments for Rent in 60048
61 rentals
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2 Beds
2 Baths705 S Milwaukee | 705 S Milwaukee Ave #211,
Libertyville, IL 60048
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Average Rent Trends in 60048
Rent in 60048 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $3,500 |
| Jul 2025 | $3,350 |
| Aug 2025 | $3,350 |
| Sep 2025 | $3,153 |
| Oct 2025 | $2,900 |
| Nov 2025 | $3,064 |
| Dec 2025 | $3,600 |
| Jan 2026 | $3,600 |
| Feb 2026 | $3,600 |
| Mar 2026 | $3,600 |
| Apr 2026 | $3,650 |
| May 2026 | $3,800 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,900 | $3,146 | $4,400 | $7,250 | $3,800 |
| Townhomes | $2,900 | $4,000 | $2,550 | — | $4,000 |
| Apartments and Condos | $1,500 | $2,795 | $4,000 | $5,200 | $3,500 |
| Houses | — | $3,800 | $5,800 | $7,250 | $5,800 |
Frequently Asked Questions about Rentals in 60048
- What is the average rent of an apartment in 60048?The average rent of an apartment in 60048 is $2,778 per month. This is about 44% higher than the national average.
- What is the average rent of a house in 60048?The average rent of a house in 60048 is $5,800 per month. This is about 201% higher than the national average.
- What is the average rent of a townhome in 60048?The average rent of a townhome in 60048 is $4,000 per month. This is about 107% higher than the national average.
- When is the average rent cheapest in 60048?In the last year, the average rent in 60048 was lowest in Apr 2025 when it was $2,200 per month.
- When is the average rent most expensive in 60048?In the last year, the average rent in 60048 was highest in Dec 2025 when it was $3,600 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 60048?The average rent of a 1 bedroom apartment in 60048 is $2,900 per month. That is about $907 more than the cost of a studio apartment.
- How many available rental listings are in 60048?There are 65 available rental listings in 60048.
- What are some cities near 60048?Some nearby cities include: Libertyville, Mettawa, Gages Lake, Vernon Hills, Lake Bluff, Mundelein. These cities may have more rental options to explore.