An exemplary system for facilitating sound localization by a bilateral cochlear implant patient includes 1) a processing facility configured to determine an interaural difference between a first audio signal detected by a first microphone associated with a first ear of a bilateral cochlear implant patient and a second audio signal detected by a second microphone associated with a second ear of the bilateral cochlear implant patient and generate, based on the determined interaural difference, an enhanced interaural level difference (ILD) associated with the low frequency acoustic content of the first and second audio signals and 2) a control facility configured to direct a first cochlear implant associated with the first ear and a second cochlear implant associated with the second ear to generate electrical stimulation representative of the low frequency acoustic content in accordance with the enhanced ILD. Corresponding systems and methods are also disclosed.