
Cheap Apartments for Rent in the Downtown Waukegan Neighborhood of Waukegan, IL from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waukegan area of Waukegan.


520 S Genesee St

Cinnamon Lake Towers

The Chateau Royale

Madison West Apartment

16 Maple Ave
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.
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.
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.
Downtown Waukegan, Waukegan, IL Local Guide

How much does it cost to rent an apartment in Downtown Waukegan?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Waukegan Studio Apartments | $1,123 | $975 | $1,500 |
Downtown Waukegan 1 Bedroom Apartments | $1,375 | $750 | $2,000 |
Downtown Waukegan 2 Bedroom Apartments | $2,004 | $1,150 | $5,767 |
Downtown Waukegan 3 Bedroom Apartments | $5,102 | $1,750 | $7,507 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Downtown Waukegan Neighborhood of Waukegan, IL.
See all Apartments in WaukeganExplore Waukegan
Downtown Waukegan, Waukegan, IL Local Guide
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Cheapest Available Downtown Waukegan Apartments for Rent
 The cheapest available apartment rental in the Downtown Waukegan area of Waukegan, IL is a 1 Bed unit found at CASA Apartments - Waukegan priced from $750. Residences at Fountain Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,123. Here are the most affordable Downtown Waukegan apartments for rent in Waukegan, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
CASA Apartments - Waukegan | 1 Bdrm | 1BR,1BA | $750 |
Residences at Fountain Square | The Buckingham | 1BR,1BA | $1,123 |
Linden Flats Apartments | 1 BR/1 BTH | 1BR,1BA | $1,135 |
Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Downtown Waukegan, IL
As of October 22, 2025 the best value apartment in the Downtown Waukegan area is the $1.27 price per square foot 670 S Martin Luther King Jr Ave Model at 670 S Martin Luther King Jr Ave, Unit #1 in the in the Waukegan Downtown neighborhood starting from $1,520. The second greatest value Downtown Waukegan apartment is the Crofton Model at Northgate Apartments starting at $1,670 with a $1.71 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
670 S Martin Luther King Jr Ave, Unit #1 | 670 S Martin Luther King Jr Ave | 2BR,1BA | $1.27 |
Northgate Apartments | Crofton | 2BR,2BA | $1.71 |
Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $2.04 |
Landings at Amhurst Lake | Mallard | 1BR,1BA | $2.56 |
Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
Linden Flats Apartments | 1 BR/1 BTH | 1BR,1BA | $1.75 |
CASA Apartments - Waukegan | 1 Bdrm | 1BR,1BA | $1.25 |
Residences at Fountain Square | The Buckingham | 1BR,1BA | $1.97 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Waukegan, Waukegan, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Waukegan, Waukegan, IL
Waukegan High School
School data provided by Great Schools
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!
Getting Around the Downtown Waukegan Neighborhood in Waukegan, IL
Walk Score®
68 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
46 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Waukegan Apartments
What is the price of a cheap apartment in Downtown Waukegan?
The cheapest apartment in Downtown Waukegan is CASA Apartments - Waukegan which is listed at $750, while the average apartment in Downtown Waukegan costs $5,013.
What types of apartments are the cheapest in Downtown 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 7 regular apartments in Downtown Waukegan that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.