Cheap Apartments for Rent in the Downtown Waukegan Neighborhood of Waukegan, IL from $441 (42 Rentals)

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

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
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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

417 Franklin StWaukegan, IL 60085
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Onan Senior Suites
Studio to 2 Bedroom Apartments

Onan Senior Suites

3305 Sunset AveWaukegan, IL 60087
Senior Living
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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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Sunset Village
1 to 2 Bedroom Apartments

Sunset Village

2205 N Butrick StWaukegan, IL 60087
Senior Living
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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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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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415 N Sheridan Rd
1 Bedroom Apartments

415 N Sheridan Rd

415 N Sheridan RdWaukegan, IL 60085
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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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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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Shoreline Terrace
2 Bedroom Apartments

Shoreline Terrace

38569-38619 N Sheridan RdBeach Park, IL 60099
  • Utilities Included
Showing Results 1-42, Page 1 of 1

Downtown Waukegan, Waukegan, IL Local Guide

Cheapest Available Downtown Waukegan Apartments for Rent

 

The cheapest available apartment rental in the Downtown Waukegan area of Waukegan, IL is a Studio unit found at CASA Apartments - Waukegan priced from $675. Cinnamon Lake Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Downtown Waukegan apartments for rent in Waukegan, IL:

Apartment ListingModel NameBed/BathPriced From
CASA Apartments - WaukeganStudioStudio,1BA$675
Cinnamon Lake TowersStudioStudio,1BA$1,025
LITTLE FORT APARTMENTS LLCLITTLE FORT APARTMENTS LLC - 4111BR,1BA$1,050
FOREST VIEW MANORFOREST VIEW MANOR - 02-20...1BR,1BA$1,125
Madison West ApartmentsStudioStudio,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
GRAND AVE. - 1011GRAND AVE. - 1011 - Apt 1...1BR,1BA$1,195

Best Value Apartments for Rent in Downtown Waukegan, IL

As of August 25, 2026 the best value apartment in the Downtown Waukegan area is the $1.96 price per square foot Heron Model at Landings at Amhurst Lake in the in the Pleasant Hill neighborhood starting from $2,220. The second greatest value Downtown Waukegan apartment is the Crofton Model at Northgate Apartments starting at $1,740 with a $1.78 price per square foot in the North Waukegan neighborhood. Here is today’s list of the best values for Downtown Waukegan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Landings at Amhurst LakeHeron2BR,2BA$1.96
Northgate ApartmentsCrofton2BR,2BA$1.78
Harbor LakeThe Lighthouse2BR,1BA$1.56
Kings Court Apartments1 bd1BR,1BA$1.56
Heritage Green1BR/1BA1BR,1BA$1.67
NORTH AVE. -1740NORTH AVE. -1740 - 091BR,1BA$1.71
Briarwood Apartments1BR/1BA1BR,1BA$1.72
10 N Sheridan Rd.1BR/1.0BA1BR,1BA$2.16
1021 Judge Ave, Unit 2nd Floor1021 Judge Ave1BR,1BA$1.17
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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Best Local Schools in
Downtown Waukegan, Waukegan, IL

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Waukegan. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Waukegan Apartments

How much is rent for a Cheap One Bedroom Downtown Waukegan Apartment?

The lowest price for a Cheap One Bedroom Downtown Waukegan Apartment is $775 at CASA Apartments - Waukegan.

What is the lowest price for a Cheap Two Bedroom Downtown Waukegan Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Waukegan is starting from $950 at CASA Apartments - Waukegan.

What is the most affordable Downtown Waukegan Three Bedroom Apartment?

The best deal on a cheap Downtown Waukegan Three Bedroom Apartment rental is at CASA Apartments - Waukegan and starts from $1,050.

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.

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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.

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.