Disclosed is a negative electrode for a rechargeable lithium battery and a rechargeable lithium battery including the same, and the negative electrode includes a current collector and a negative active material layer on the current collector and including a negative active material and a conductive material, the negative active material including a silicon-based active material and the conductive material includes carbon nanotube, wherein the negative active material and the conductive material are included in the negative active material layer in order to satisfy a relationship of Equation 1 and Equation 2. 26