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.

property at 3305 Sunset Ave

$1,190

Total Monthly Price

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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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

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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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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FOREST VIEW MANOR
Studio to 1 Bedroom Apartments

FOREST VIEW MANOR

1912 10TH StWaukegan, IL 60085

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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Chapa Apartments
2 Bedroom Apartments

Chapa Apartments

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

Regency Village

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

Brookstone Apartments

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

DREW LN. -100

100 Drew LnWaukegan, IL 60085
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Village Park
1 to 3 Bedroom Apartments

Village Park

2520 Village Park DrWaukegan, IL 60087
  • 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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Waukegan, IL Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 07/21/2026

Current apartment rentals in the Waukegan, IL area range in price from $675 to $3,213 with an overall median price of $2,406. The three Waukegan neighborhoods with the lowest median rent pricing are Norshore Park at $1,055, Pleasant Hill at $1,140, and Waukegan Downtown at $1,150. 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$1,510$1,05512
Pleasant Hill$1,734$1,14013
Waukegan Downtown$1,800$1,1502
Downtown Waukegan$2,950$67531
Lake Cogardens$2,950$67532
Marquette Highlands$2,950$67530
North Waukegan$2,950$67515

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. LITTLE FORT APARTMENTS LLC in the Waukegan Downtown neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Waukegan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CASA Apartments - WaukeganStudioStudio,1BA$675
LITTLE FORT APARTMENTS LLCLITTLE FORT APARTMENTS LLC - 414Studio,1BA$895
Sunset Village1BR/1.0BA1BR,1BA$900
Cinnamon Lake TowersStudioStudio,1BA$1,025
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,083
FOREST VIEW MANORFOREST VIEW MANOR - 1011BR,1BA$1,125
Briarwood Apartments1BR/1BA1BR,1BA$1,175
BUTRICK ST. - 2023BUTRICK ST. - 2023 - 151BR,1BA$1,195
GRAND AVE. - 1011GRAND AVE. - 1011 - Apt 1...1BR,1BA$1,195
PIONEER MANOR. -750-754PIONEER MANOR. -750-754 - # 2031BR,1BA$1,225

Best Value Apartments for Rent in Waukegan, IL

As of July 21, 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 1520 Westmoreland Ave Model at 1520 Westmoreland Ave, Unit 2 Bedroom Apartment starting at $1,400 with a $1.47 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Northline ApartmentsWaiting List2BR,2BA$1.52
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Park Trail Apartments2 Bed 1 Bath Renovated2BR,1BA$1.62
Fox CrestFox Chase2BR,1.5BA$1.65
Residences at Fountain SquareThe Chatsworth2BR,1BA$1.56
Kings Court Apartments1 bd1BR,1BA$1.56
Sunset Village1BR/1.0BA1BR,1BA$1.13
Madison West Apartments1 BR / 1 BA1BR,1BA$1.67
Heritage Green1BR/1BA1BR,1BA$1.67
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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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 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.

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

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.