
Cheap Apartments for Rent in Waukegan, IL from $400 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Waukegan.


Brookside Knoll

1318 Clarkson St, Unit 1318 Clarkson Street

Harbor Lake

Cinnamon Lake Towers

Madison West Apartment

607 N Poplar St

Beechwood at the Preserve
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.

Imperial Tower Apartments

4242 Hickory Hills Dr

Karcher Artspace Lofts

Forest View Manor

Garden Park Apartments

3305 Sunset Ave

Washington Manor Apartments

1740 North Ave
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.

Little Fort Apartments

Lakeside Tower Apartments

Pioneer Park

Chapa Apartments

Emhurst Lake Apartments

Regency Village

2850 W Grandville Ave

2000-2030 N Pine St
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.

415 N Sheridan Rd

Sunset Village

Brookstone Apartments

Hinkston Pond Apartments

Oak Bluff Townhomes

Country Chalet Apartments

Forest Glen

Gurnee Meadows Independent Living
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.

Shoreline Terrace

Moraine East Apartments

Wildflower on 27th

Sheridan Center Apartments

Green Valley Apartments

2325 Lewis Ave

Park Terrace Apartments

Liberty Terrace
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,303 | $675 | $1,658 |
| Cheap Waukegan 1 Bedroom Apartments | $1,560 | $775 | $2,595 |
| Cheap Waukegan 2 Bedroom Apartments | $1,868 | $900 | $3,250 |
| Cheap Waukegan 3 Bedroom Apartments | $2,418 | $1,050 | $4,395 |
| Cheap Waukegan 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Top Apartments in Waukegan
See all Apartments in WaukeganExplore Waukegan
Waukegan, IL Local Guide

- Waukegan Neighborhoods
- Nearby Cities
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- School Districts
Cheapest Neighborhoods for Apartments in Waukegan, IL
Pricing Updated: 01/21/2026Current apartment rentals in the Waukegan, IL area range in price from $675 to $3,165 with an overall median price of $1,764. The three Waukegan neighborhoods with the lowest median rent pricing are Lake Cogardens at $675, Marquette Highlands at $675, 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Lake Cogardens | $1,582 | $675 | 37 |
| Marquette Highlands | $1,582 | $675 | 36 |
| Downtown Waukegan | $1,800 | $675 | 66 |
| Norshore Park | $1,800 | $800 | 50 |
| Pleasant Hill | $1,800 | $800 | 38 |
| Waukegan Downtown | $1,800 | $1,000 | 19 |
| North Waukegan | $1,985 | $675 | 13 |
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. Brookside Knoll in the Pleasant Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. 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 |
| Brookside Knoll | One Bedroom | 1BR,1BA | $800 |
| Cinnamon Lake Towers | Studio | Studio,1BA | $1,025 |
| Imperial Tower Apartments | The Michigan | Studio,1BA | $1,082 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1,250 |
| Woodview Apartments | 1BR/1BA | 1BR,1BA | $1,250 |
| 10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Waukegan, IL
As of January 21, 2026 the best value apartment in the Waukegan area is the $1.38 price per square foot 432 N Milwaukee Ave Model at 432 N Milwaukee Ave, Unit C in the in the Downtown Libertyville neighborhood starting from $1,375. The second greatest value Waukegan apartment is the Hampton Model at Northgate Apartments starting at $1,685 with a $1.72 price per square foot in the North Waukegan 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. |
|---|---|---|---|
| 432 N Milwaukee Ave, Unit C | 432 N Milwaukee Ave | 1BR,1BA | $1.38 |
| Northgate Apartments | Hampton | 2BR,2BA | $1.72 |
| Reserve at Eagle Ridge | The Bluejay | 2BR,2BA | $1.80 |
| Fox Crest | Fox Chase | 2BR,1.5BA | $1.58 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| 1318 Clarkson St, Unit 1318 Clarkson Street | 1318 Clarkson St | 1BR,1BA | $1.43 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
| Brookside Knoll | One Bedroom | 1BR,1BA | $1.24 |
| 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 ArticleCash 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.
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
Frequently Asked Questions about Cheap Waukegan Apartments
What is a cheap apartment in Waukegan?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waukegan is under $1,300.
What is the price of a cheap apartment in Waukegan?
The cheapest apartment in Waukegan is CASA Apartments - Waukegan which is listed at $775, while the average apartment in Waukegan costs $1,764.
What types of apartments are the cheapest in Waukegan?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 49 regular apartments in Waukegan that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waukegan?
Cheap apartments in Waukegan have an average cost of $274 which is $1,490 cheaper than the average rent for all rentals in Waukegan.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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!