Cheap Apartments for Rent in Waukegan, IL from $400 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waukegan.

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.

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Karcher Artspace Lofts
Studio to 3 Bedroom Apartments

Karcher Artspace Lofts

405 Washington StWaukegan, IL 60085
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Forest View Manor
1 Bedroom Apartments

Forest View Manor

1912 10TH StWaukegan, IL 60085
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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

417 Franklin StWaukegan, IL 60085
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3305 Sunset Ave
Studio to 2 Bedroom Apartments

3305 Sunset Ave

3305 Sunset AveWaukegan, IL 60087
Senior Living
  • Utilities Included
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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.

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1740 North Ave
1 Bedroom Apartments

1740 North Ave

1740 North AveWaukegan, IL 60085
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Little Fort Apartments
Studio to 1 Bedroom Apartments

Little Fort Apartments

520 N Genesee StWaukegan, IL 60085
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Pioneer Park
1 Bedroom Apartments

Pioneer Park

750-754 N Pioneer RdWaukegan, IL 60085
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Chapa Apartments
2 Bedroom Apartments

Chapa Apartments

2101 Lorraine AveWaukegan, IL 60087
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Regency Village
1 to 3 Bedroom Apartments

Regency Village

3150 W Grandville AveWaukegan, IL 60085
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2000-2030 N Pine St
1 to 2 Bedroom Apartments

2000-2030 N Pine St

2000-2030 N Pine StWaukegan, IL 60087
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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.

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Sunset Village
1 to 2 Bedroom Apartments

Sunset Village

2205 N Butrick StWaukegan, IL 60087
Senior Living
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Brookstone Apartments
1 to 2 Bedroom Apartments

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
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Hinkston Pond Apartments
1 to 2 Bedroom Apartments

Hinkston Pond Apartments

3040-3084 W Grandville AveWaukegan, IL 60085
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Village Park
1 to 3 Bedroom Apartments

Village Park

2520 Village Park DrWaukegan, IL 60087
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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.

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Forest Glen
1 to 2 Bedroom Apartments

Forest Glen

2012 Gilead AveZion, IL 60099
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Shoreline Terrace
2 Bedroom Apartments

Shoreline Terrace

38569-38619 N Sheridan RdBeach Park, IL 60099
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Moraine East Apartments
1 to 3 Bedroom Apartments

Moraine East Apartments

820 N Milwaukee AveLibertyville, IL 60048
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Wildflower on 27th
1 to 2 Bedroom Apartments

Wildflower on 27th

2929-2931 27th StZion, IL 60099
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Green Valley Apartments
1 to 2 Bedroom Apartments

Green Valley Apartments

4200 Greenleaf CtPark City, IL 60085
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2325 Lewis Ave
Studio to 1 Bedroom Apartments

2325 Lewis Ave

2325 Lewis AveZion, IL 60099
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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

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 12/06/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Waukegan Downtown$2,000$1,2006
Lake Cogardens$2,100$87510
Marquette Highlands$2,100$1,2007
North Waukegan$2,300$2,3001
Norshore Park$2,400$87521
Pleasant Hill$2,400$1,00017
Downtown Waukegan$2,500$87522

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 ListingModel NameBed/BathPriced From
CASA Apartments - WaukeganStudioStudio,1BA$675
Cinnamon Lake TowersStudioStudio,1BA$1,025
415 N Sheridan Rd415 N Sheridan RD1BR,1BA$1,100
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,132
Linden Flats Apartments2 BR- 1 BTH2BR,1BA$1,150
Kings Court Apartments1 bd1BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Park Trail Apartments1 Bed 1 Bath A Renovated1BR,1BA$1,185
10 N Sheridan Rd.1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
866 N Milwaukee Ave, Unit 1A866 N Milwaukee Ave2BR,1BA$1.45
432 N Milwaukee Ave, Unit C432 N Milwaukee Ave1BR,1BA$1.55
Heritage Green2BR/1.5BA2BR,1.5BA$1.54
Northgate ApartmentsGrandhaven2BR,1BA$1.67
Kings Court Apartments1 bd1BR,1BA$1.44
Linden Flats Apartments2 BR- 1 BTH2BR,1BA$1.48
Briarwood Apartments1BR/1BA1BR,1BA$1.72
802 Grand Ave, Unit 5802 Grand Ave1BR,1BA$1.73
Park Trail Apartments1 Bed 1 Bath A Renovated1BR,1BA$1.82
CASA Apartments - WaukeganStudioStudio ,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.

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The 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.

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Quick Rent Budget Calculator

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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.

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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.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waukegan, IL Rentals by Map

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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

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.