A negative electrode for a rechargeable lithium battery including a current collector and a negative active material layer positioned on the current collector, wherein the negative active material layer includes a first active material including a carbon-based material, a composite material including a second active material including a silicon-based material or a tin-based material, the second active material being coated with a combined binder and a fiber-shaped conductive material on the surface thereof, and a binder, a rechargeable lithium battery including the same and a method of preparing the same.