Cheap Apartments for Rent in Waukegan, IL from $400 (40 Rentals)

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

property at 607 N Poplar St

$1,025 - $1,050

1 Bedroom Rentals

Available Now

607 N Poplar St

WaukeganIL60085

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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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

417 Franklin 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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1740 North Ave
1 Bedroom Apartments

1740 North Ave

1740 North AveWaukegan, 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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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 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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415 N Sheridan Rd
1 Bedroom Apartments

415 N Sheridan Rd

415 N Sheridan RdWaukegan, 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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Brookstone Apartments
1 to 2 Bedroom Apartments

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
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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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Forest Glen
1 to 2 Bedroom Apartments

Forest Glen

2012 Gilead AveZion, IL 60099

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.

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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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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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Liberty Terrace
2 to 3 Bedroom Apartments

Liberty Terrace

232 E Church StLibertyville, IL 60048

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

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 01/21/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Lake Cogardens$1,582$67537
Marquette Highlands$1,582$67536
Downtown Waukegan$1,800$67566
Norshore Park$1,800$80050
Pleasant Hill$1,800$80038
Waukegan Downtown$1,800$1,00019
North Waukegan$1,985$67513

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 ListingModel NameBed/BathPriced From
CASA Apartments - WaukeganStudioStudio,1BA$675
Brookside KnollOne Bedroom1BR,1BA$800
Cinnamon Lake TowersStudioStudio,1BA$1,025
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,082
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
10 N Sheridan Rd.1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
432 N Milwaukee Ave, Unit C432 N Milwaukee Ave1BR,1BA$1.38
Northgate ApartmentsHampton2BR,2BA$1.72
Reserve at Eagle RidgeThe Bluejay2BR,2BA$1.80
Fox CrestFox Chase2BR,1.5BA$1.58
Kings Court Apartments1 bd1BR,1BA$1.44
Heritage Green1BR/1BA1BR,1BA$1.67
1318 Clarkson St, Unit 1318 Clarkson Street1318 Clarkson St1BR,1BA$1.43
Briarwood Apartments1BR/1BA1BR,1BA$1.72
Brookside KnollOne Bedroom1BR,1BA$1.24
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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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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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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Quick 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.

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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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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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!