
Cheap Apartments for Rent in Waukegan, IL from $400 (77 Rentals)
Search the lowest-cost Apartments available for rent right now in Waukegan.


Cinnamon Lake Towers

Harbor Lake

Madison West Apartment

Beechwood at the Preserve

Brookside Knoll

2310 Washington St

4242 Hickory Hills Dr

Imperial Tower Apartments

Kings Court Apartments
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.

810 N Waukegan Rd

3060 Kathe Ln

Briarwood Apartments

2048 N Sheridan Rd

Heritage Green

10 N Sheridan Rd.

Total Monthly Price
The Chateau Royale

2619 Northfield Ave

4246 Hickory Hills Dr

Willow Wind
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.

The Lakes at Fountain Square Apartment Homes

3060 Kathe Ln

Total Monthly Price
1520 Westmoreland Ave, Unit 2 Bedroom Apartment, Unit 2 Bedroom Apartment

Reserve at Eagle Ridge

Northgate Apartments

Fox Crest

Karcher Artspace Lofts

Forest View Manor

Onan Senior Suites

Garden Park Apartments
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.

Washington Manor Apartments

1740 North Ave

Little Fort Apartments

Lakeside Tower Apartments

Pioneer Park

Sunset Village

Chapa Apartments

Emhurst Lake Apartments

Regency Village

2850 W Grandville Ave
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

2000-2030 N Pine St

Brookstone Apartments

Hinkston Pond Apartments

Oak Bluff Townhomes

3305 Sunset Ave

1001 W Grand Ave

Village Park

Linden Flats Apartments

3910 Ellis Ave
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.
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 | $1,167 | $675 | $2,143 |
| Cheap Waukegan 1 Bedroom Apartments | $1,604 | $775 | $2,794 |
| Cheap Waukegan 2 Bedroom Apartments | $1,985 | $950 | $4,747 |
| Cheap Waukegan 3 Bedroom Apartments | $3,516 | $1,050 | $6,163 |
Browse Top Apartments in Waukegan
See all Apartments in WaukeganExplore Waukegan
Waukegan, IL Local Guide

- Waukegan Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waukegan, IL
Pricing Updated: 04/21/2026Current apartment rentals in the Waukegan, IL area range in price from $675 to $6,163 with an overall median price of $2,935. The three Waukegan neighborhoods with the lowest median rent pricing are Norshore Park at $1,050, Waukegan Downtown at $1,050, and Pleasant Hill at $1,050. 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 |
|---|---|---|---|
| Norshore Park | $1,690 | $1,050 | 21 |
| Waukegan Downtown | $2,100 | $1,050 | 9 |
| Pleasant Hill | $2,254 | $1,050 | 22 |
| Downtown Waukegan | $3,252 | $675 | 35 |
| Lake Cogardens | $3,252 | $675 | 28 |
| Marquette Highlands | $3,754 | $675 | 24 |
| North Waukegan | $4,244 | $675 | 11 |
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. Sunset Village in the North Waukegan neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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 |
| Sunset Village | 1BR/1.0BA | 1BR,1BA | $900 |
| Cinnamon Lake Towers | Studio | Studio,1BA | $1,025 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
| Imperial Tower Apartments | The Park Place | Studio,1BA | $1,190 |
| Linden Flats Apartments | 1 BR/1 BTH | 1BR,1BA | $1,235 |
| Madison West Apartment | 1 BR / 1 BA | 1BR,1BA | $1,250 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1,250 |
| 10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Waukegan, IL
As of April 21, 2026 the best value apartment in the Waukegan area is the $1.56 price per square foot Fox Run Model at Fox Crest in the in the North Waukegan neighborhood starting from $1,560. The second greatest value Waukegan apartment is the Hampton Model at Northgate Apartments starting at $1,730 with a $1.77 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. |
|---|---|---|---|
| Fox Crest | Fox Run | 2BR,1.5BA | $1.56 |
| Northgate Apartments | Hampton | 2BR,2BA | $1.77 |
| 1520 Westmoreland Ave, Unit 2 Bedroom Apartment | 1520 Westmoreland Ave | 2BR,1BA | $1.47 |
| Willow Wind | 1 bedroom | 1BR,1BA | $1.66 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Madison West Apartment | 1 BR / 1 BA | 1BR,1BA | $1.67 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
| Sunset Village | 1BR/1.0BA | 1BR,1BA | $1.64 |
| CASA Apartments - Waukegan | Studio | Studio ,1BA | $1.35 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Waukegan, ILPopulation: 86,792
Ranked #385
in US Census Population by City
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 $1,250.
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 $2,935.
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 $190 which is $2,745 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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.