The community is located between McGregor and Jacobson along State Highway 65 (MN 65).

Libby is located immediately northwest of Big Sandy Lake.

Nearby places include Palisade, McGregor, Tamarack, Jacobson, Ball Bluff, and Savanna Portage State Park.

Aitkin Lake is located near Libby, stocked with black bullhead, black crappie, bluegill, brown bullhead, hybrid sunfish, largemouth bass, northern pike, pumpkinseed, tullibee (cisco), walleye, yellow bullhead, yellow perch, bowfin (dogfish), shorthead redhorse, white sucker, golden shiner and minnow.

This article about a location in Aitkin County, Minnesota is a stub.