Cheap Apartments for Rent in Waukegan, IL from $400 (51 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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3305 Sunset Ave
Studio to 2 Bedroom Apartments

3305 Sunset Ave

3305 Sunset AveWaukegan, IL 60087
Senior Living
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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

417 Franklin StWaukegan, IL 60085
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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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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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Hinkston Pond Apartments
1 to 2 Bedroom Apartments

Hinkston Pond Apartments

3040-3084 W Grandville AveWaukegan, IL 60085
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Sunset Village
1 to 2 Bedroom Apartments

Sunset Village

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

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
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Village Park
1 to 3 Bedroom Apartments

Village Park

2520 Village Park DrWaukegan, 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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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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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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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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Park Terrace Apartments
1 to 2 Bedroom Apartments

Park Terrace Apartments

4100 Greenleaf CtPark City, IL 60085
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Waukegan, IL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 09/07/2025

Current apartment rentals in the Waukegan, IL area range in price from $750 to $7,787 with an overall median price of $3,866. The three Waukegan neighborhoods with the lowest median rent pricing are Norshore Park at $985, Pleasant Hill at $985, and Waukegan Downtown at $1,000. 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$1,690$98521
Pleasant Hill$1,690$98526
Waukegan Downtown$1,700$1,0005
Downtown Waukegan$4,711$75034
Lake Cogardens$5,757$75025
Marquette Highlands$5,757$75023
North Waukegan$5,757$75011

Cheapest Available Waukegan Apartments for Rent

 

The cheapest available apartment rental in Waukegan, IL is a 1 Bed unit found at CASA Apartments - Waukegan in the North Waukegan neighborhood priced from $750. Sunset Village in the North Waukegan neighborhood has the second lowest priced unit, which is a 1 Bed 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 - Waukegan1 Bdrm1BR,1BA$750
Sunset Village1BR/1.0BA1BR,1BA$1,025
Fox CrestFox Hunter1BR,1BA$1,150
Linden Flats Apartments2 BR- 1 BTH2BR,1BA$1,150
Kings Court Apartments1 bd1BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Heritage Green1BR/1BA1BR,1BA$1,250
Woodview Apartments1BR/1BA1BR,1BA$1,250
Willow Wind2 bedroom2BR,1BA$1,300

Best Value Apartments for Rent in Waukegan, IL

As of September 07, 2025 the best value apartment in the Waukegan area is the $1.04 price per square foot 2409 Gilboa Ave Model at 2409 Gilboa Ave, Unit 1 in the in the Shepherds Crossing neighborhood starting from $2,500. The second greatest value Waukegan apartment is the 2135 Kemble Ave Model at 2135 Kemble Ave, Unit 2nd floor 2bedroom starting at $1,400 with a $1.27 price per square foot in the North Center 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.
2409 Gilboa Ave, Unit 12409 Gilboa Ave4BR,1.5BA$1.04
2135 Kemble Ave, Unit 2nd floor 2bedroom2135 Kemble Ave2BR,1BA$1.27
Willow Wind2 bedroom2BR,1.5BA$1.30
1727 Lincoln St, Unit 1B1727 Lincoln St1BR,1BA$1.35
Kings Court Apartments1 bd1BR,1BA$1.44
Sunset Village1BR/1.0BA1BR,1BA$1.28
Linden Flats Apartments2 BR- 1 BTH2BR,1BA$1.48
Heritage Green1BR/1BA1BR,1BA$1.67
Fox CrestFox Hunter1BR,1BA$1.59
CASA Apartments - Waukegan1 Bdrm1BR,1BA$1.25

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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 price of a cheap apartment in Waukegan?

The cheapest apartment in Waukegan is CASA Apartments - Waukegan which is listed at $750, while the average apartment in Waukegan costs $3,866.

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 30 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 $260 which is $3,606 cheaper than the average rent for all rentals in Waukegan.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.