
Cheap Apartments for Rent in Waukegan, IL from $400 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Waukegan.


Madison West Apartment

Harbor Lake

Cinnamon Lake Towers

607 N Poplar St

16 Maple Ave

Imperial Tower Apartments

4242 Hickory Hills Dr

415 N Sheridan Rd

Linden Flats Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Willow Wind

Kings Court Apartments

Briarwood Apartments

4246 Hickory Hills Dr

10 N Sheridan Rd.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

2711 Galilee Ave

Country Chalet Apartments

2217 Galilee Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Liberty Towers

Woodview Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Waukegan, IL Local Guide

How much does it cost to rent an apartment in Waukegan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waukegan Studio Apartments | $1,377 | $675 | $1,819 |
| Cheap Waukegan 1 Bedroom Apartments | $1,567 | $775 | $2,595 |
| Cheap Waukegan 2 Bedroom Apartments | $1,952 | $950 | $5,642 |
| Cheap Waukegan 3 Bedroom Apartments | $3,686 | $1,050 | $8,118 |
Browse Top Apartments in Waukegan
See all Apartments in WaukeganExplore Waukegan
Waukegan, IL Local Guide

- Waukegan Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waukegan, IL
Pricing Updated: 12/06/2025Current apartment rentals in the Waukegan, IL area range in price from $875 to $3,000 with an overall median price of $2,257. The three Waukegan neighborhoods with the lowest median rent pricing are Waukegan Downtown at $1,200, Lake Cogardens at $875, and Marquette Highlands at $1,200. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Waukegan Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Waukegan Downtown | $2,000 | $1,200 | 6 |
| Lake Cogardens | $2,100 | $875 | 10 |
| Marquette Highlands | $2,100 | $1,200 | 7 |
| North Waukegan | $2,300 | $2,300 | 1 |
| Norshore Park | $2,400 | $875 | 21 |
| Pleasant Hill | $2,400 | $1,000 | 17 |
| Downtown Waukegan | $2,500 | $875 | 22 |
Cheapest Available Waukegan Apartments for Rent
 The cheapest available apartment rental in Waukegan, IL is a Studio unit found at CASA Apartments - Waukegan in the North Waukegan neighborhood priced from $675. Cinnamon Lake Towers in the North Waukegan neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Waukegan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CASA Apartments - Waukegan | Studio | Studio,1BA | $675 |
| Cinnamon Lake Towers | Studio | Studio,1BA | $1,025 |
| 415 N Sheridan Rd | 415 N Sheridan RD | 1BR,1BA | $1,100 |
| Imperial Tower Apartments | The Michigan | Studio,1BA | $1,132 |
| Linden Flats Apartments | 2 BR- 1 BTH | 2BR,1BA | $1,150 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
| Park Trail Apartments | 1 Bed 1 Bath A Renovated | 1BR,1BA | $1,185 |
| 10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Waukegan, IL
As of December 06, 2025 the best value apartment in the Waukegan area is the $1.45 price per square foot 866 N Milwaukee Ave Model at 866 N Milwaukee Ave, Unit 1A in the in the Downtown Libertyville neighborhood starting from $1,600. The second greatest value Waukegan apartment is the 432 N Milwaukee Ave Model at 432 N Milwaukee Ave, Unit C starting at $1,550 with a $1.55 price per square foot in the Downtown Libertyville neighborhood. Here is today’s list of the best values for Waukegan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 866 N Milwaukee Ave, Unit 1A | 866 N Milwaukee Ave | 2BR,1BA | $1.45 |
| 432 N Milwaukee Ave, Unit C | 432 N Milwaukee Ave | 1BR,1BA | $1.55 |
| Heritage Green | 2BR/1.5BA | 2BR,1.5BA | $1.54 |
| Northgate Apartments | Grandhaven | 2BR,1BA | $1.67 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Linden Flats Apartments | 2 BR- 1 BTH | 2BR,1BA | $1.48 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
| 802 Grand Ave, Unit 5 | 802 Grand Ave | 1BR,1BA | $1.73 |
| Park Trail Apartments | 1 Bed 1 Bath A Renovated | 1BR,1BA | $1.82 |
| CASA Apartments - Waukegan | Studio | Studio ,1BA | $1.35 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Waukegan Overview
Waukegan is a picturesque town on the western coast of Lake Michigan, just north of Chicago. Although buffeted with cold winter weather, it has a warm character. History is celebrated through museums and historic buildings, while its diversity is celebrated through lively festivals year-round. Finally, Waukegan is a convenient drive from both Chicago and Milwaukee. This lets residents visit those cities when they want a change of pace.
Why live in Waukegan, IL?
Waukegan is a town that keeps its rich history in mind even as it looks toward the future. Near to Chicago but distinct from it, this 'little fort' has served as a peaceful home for generations of families. It has also captured the imagination of creative minded people, from award-winning authors to humble artists creating for the joy of it. If you're looking for a community where you can set down roots, Waukegan may be a great option for you.
Best Local Schools in Waukegan, IL
Waukegan High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waukegan, IL Rentals by Map
See the most popular apartments and homes in Waukegan, IL
Getting Around Waukegan, IL
Walk Score®
54 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Waukegan Apartments
What is the Cheapest Studio apartment in Waukegan?
Currently the most affordable Cheap Studio Apartment in Waukegan is at CASA Apartments - Waukegan listed at $675.
How much is rent for a Cheap One Bedroom Waukegan Apartment?
The lowest price for a Cheap One Bedroom Waukegan Apartment is $775 at CASA Apartments - Waukegan.
What is the lowest price for a Cheap Two Bedroom Waukegan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waukegan is starting from $950 at CASA Apartments - Waukegan.
What is the most affordable Waukegan Three Bedroom Apartment?
The best deal on a cheap Waukegan Three Bedroom Apartment rental is at CASA Apartments - Waukegan and starts from $1,050.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.





























