Cheap Apartments for Rent in Waukegan, IL from $675 (93 Rentals)

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

property at 3305 Sunset Ave
$1,190

Total Monthly Price

Base Rent$1,190
Total Monthly Price$1,190
1 Bedroom, 1 Bath Condo for Rent
Available Now

3305 Sunset Ave

WaukeganIL60087

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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Onan Senior Suites
Studio to 2 Bedroom Apartments

Onan Senior Suites

3305 Sunset AveWaukegan, IL 60087
Senior Living
  • Utilities Included
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

417 Franklin StWaukegan, IL 60085
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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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FOREST VIEW MANOR
Studio to 1 Bedroom Apartments

FOREST VIEW MANOR

1912 10TH StWaukegan, IL 60085
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Chapa Apartments
2 Bedroom Apartments

Chapa Apartments

2101 Lorraine AveWaukegan, IL 60087
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NORTH AVE. -1740
1 Bedroom Apartments

NORTH AVE. -1740

1740 North AveWaukegan, IL 60085
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415 N Sheridan Rd
1 Bedroom Apartments

415 N Sheridan Rd

415 N Sheridan RdWaukegan, IL 60085
  • Utilities Included

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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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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Regency Village
1 to 3 Bedroom Apartments

Regency Village

3150 W Grandville AveWaukegan, IL 60085
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Brookstone Apartments
1 to 2 Bedroom Apartments

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
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DREW LN. -100
2 Bedroom Apartments

DREW LN. -100

100 Drew LnWaukegan, IL 60085

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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Waukegan, IL Local Guide

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Written By:
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Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 09/04/2026

Current apartment rentals in the Waukegan, IL area range in price from $675 to $3,150 with an overall median price of $1,479. The three Waukegan neighborhoods with the lowest median rent pricing are Lake Cogardens at $1,445, Marquette Highlands at $1,465, and Norshore Park at $1,479. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Waukegan Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lake Cogardens$1,445$67528
Marquette Highlands$1,465$67528
Norshore Park$1,479$1,14019
Downtown Waukegan$1,489$67535
Pleasant Hill$1,489$1,07518
Waukegan Downtown$1,500$1,1756
North Waukegan$1,525$67516

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
LITTLE FORT APARTMENTS LLCLITTLE FORT APARTMENTS LLC - 1071BR,1BA$1,075
FOREST VIEW MANORFOREST VIEW MANOR - 02-20...1BR,1BA$1,125
Brookside KnollOne Bedroom1BR,1BA$1,140
2901-2095 Elisha Ave1BR/1.0BA1BR,1BA$1,150
GRAND AVE. - 1011GRAND AVE. - 1011 - 111BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175
BUTRICK ST. - 2023BUTRICK ST. - 2023 - #121BR,1BA$1,195
NORTH AVE. -1740NORTH AVE. -1740 - 091BR,1BA$1,195

Best Value Apartments for Rent in Waukegan, IL

As of September 04, 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 2BR/1.0BA Model at 10 N Sheridan Rd. starting at $1,650 with a $1.68 price per square foot in the Waukegan Downtown 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
10 N Sheridan Rd.2BR/1.0BA2BR,1BA$1.68
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Imperial Tower ApartmentsThe Grand1BR,1BA$1.61
Kings Court Apartments1 bd1BR,1BA$1.56
Madison West Apartments1 BR / 1 BA1BR,1BA$1.67
Heritage Green1BR/1BA1BR,1BA$1.67
NORTH AVE. -1740NORTH AVE. -1740 - 091BR,1BA$1.71
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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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.

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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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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.

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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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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 $1,195.

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 $1,479.

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 15 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 $119 which is $1,360 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.