Cheap Apartments for Rent in Waukegan, IL from $400 (76 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Chateau Royale
$1,285 - $1,565
Total Monthly Price

Total Monthly Price

Base Rent
$1,285 - $1,565
Total Monthly Price
$1,285 - $1,565
1 to 2 Bedroom Apartments Available Feb 10, 2027

The Chateau Royale

625 S Dilger AveWaukegan, IL 60085
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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
  • Utilities Included
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Forest View Manor
1 Bedroom Apartments

Forest View Manor

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

Garden Park Apartments

417 Franklin StWaukegan, IL 60085
  • Utilities Included
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Onan Senior Suites
Studio to 2 Bedroom Apartments

Onan Senior Suites

3305 Sunset AveWaukegan, IL 60087
Senior Living
  • Utilities Included
  • Smoke Free
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1740 North Ave
1 Bedroom Apartments

1740 North Ave

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

Little Fort Apartments

520 N Genesee StWaukegan, IL 60085
  • Utilities Included

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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Pioneer Park
1 Bedroom Apartments

Pioneer Park

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

Chapa Apartments

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

Regency Village

3150 W Grandville AveWaukegan, IL 60085
  • Utilities Included
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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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415 N Sheridan Rd
1 Bedroom Apartments

415 N Sheridan Rd

415 N Sheridan RdWaukegan, IL 60085
  • Utilities Included
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Sunset Village
1 to 2 Bedroom Apartments

Sunset Village

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

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
  • Utilities Included

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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Hinkston Pond Apartments
1 to 2 Bedroom Apartments

Hinkston Pond Apartments

3040-3084 W Grandville AveWaukegan, IL 60085
  • Utilities Included
property at 3305 Sunset Ave

$1,190 - $1,195

1 Bedroom Rentals

Available Now

3305 Sunset Ave

WaukeganIL60087
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Village Park
1 to 3 Bedroom Apartments

Village Park

2520 Village Park DrWaukegan, IL 60087
  • Utilities Included

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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Waukegan, IL Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 06/06/2026

Current apartment rentals in the Waukegan, IL area range in price from $675 to $3,039 with an overall median price of $1,880. The three Waukegan neighborhoods with the lowest median rent pricing are Norshore Park at $1,050, Pleasant Hill at $1,050, and Downtown Waukegan at $675. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Waukegan Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Norshore Park$1,675$1,05013
Pleasant Hill$1,800$1,05012
Downtown Waukegan$1,825$67529
Lake Cogardens$1,825$67527
Marquette Highlands$1,825$67526
Waukegan Downtown$1,900$1,0502
North Waukegan$2,315$67514

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
Harbor LakeThe MinnowStudio,1BA$1,040
Sunset Village1BR/1.0BA1BR,1BA$1,050
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,166
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Kings Court Apartments1 bd1BR,1BA$1,250
Madison West Apartment1 BR / 1 BA1BR,1BA$1,250
Heritage Green1BR/1BA1BR,1BA$1,250

Best Value Apartments for Rent in Waukegan, IL

As of June 06, 2026 the best value apartment in the Waukegan area is the $1.52 price per square foot Waiting List Model at Northline Apartments in the in the Downtown Libertyville neighborhood starting from $1,990. The second greatest value Waukegan apartment is the Ontario Model at The Lakes at Fountain Square Apartment Homes starting at $1,522 with a $1.73 price per square foot in the Pleasant Hill 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.
Northline ApartmentsWaiting List2BR,2BA$1.52
The Lakes at Fountain Square Apartment HomesOntario2BR,1BA$1.73
Fox CrestFox Den2BR,1.5BA$1.75
Kings Court Apartments1 bd1BR,1BA$1.56
Sunset Village1BR/1.0BA1BR,1BA$1.31
Madison West Apartment1 BR / 1 BA1BR,1BA$1.67
Heritage Green1BR/1BA1BR,1BA$1.67
Country Chalet Apartments1 Bed 1 Bath Renovated1BR,1BA$1.68
Briarwood Apartments1BR/1BA1BR,1BA$1.72
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

Waukegan, IL
Population: 86,792

Ranked #385

in US Census Population by City

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Best Local Schools in
Waukegan, IL

School data provided by Great Schools

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

Explore Waukegan, IL Rentals by Map

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See the most popular apartments and homes in Waukegan, IL

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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

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.

Articles, How-To's, and Tips

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.