
Cheap Apartments for Rent in the Downtown Waukegan Neighborhood of Waukegan, IL from $400 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waukegan area of Waukegan.


Brookside Knoll

607 N Poplar St

Cinnamon Lake Towers

Harbor Lake

Madison West Apartment

Beechwood at the Preserve
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.

Imperial Tower Apartments

2310 Washington St

Karcher Artspace Lofts

Forest View Manor

Onan Senior Suites

Garden Park Apartments

Washington Manor 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.

1740 North Ave

Little Fort Apartments

Lakeside Tower Apartments

Pioneer Park

Chapa Apartments

2850 W Grandville Ave

Regency Village
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

Sunset Village

2000-2030 N Pine St

Hinkston Pond Apartments

Oak Bluff Townhomes

1026 Lenox Ave

Shoreline Terrace
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.
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 | $1,037 | $675 | $1,215 |
| Downtown Waukegan 1 Bedroom Apartments | $1,297 | $750 | $2,001 |
| Downtown Waukegan 2 Bedroom Apartments | $1,749 | $950 | $4,966 |
| Downtown Waukegan 3 Bedroom Apartments | $3,089 | $1,012 | $6,154 |
Browse Apartments in this Neighborhood
There are currently 28 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 Studio unit found at CASA Apartments - Waukegan priced from $675. Brookside Knoll has the second lowest priced unit, which is a 2 Beds apartment currently listed from $975. Here are the most affordable Downtown Waukegan apartments for rent in Waukegan, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CASA Apartments - Waukegan | Studio | Studio,1BA | $675 |
| Brookside Knoll | Two Bedroom | 2BR,1BA | $975 |
| 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 | $1,210 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1,250 |
| 10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $1,250 |
| Reserve at Eagle Ridge | The Seabird | 1BR,1BA | $1,355 |
Best Value Apartments for Rent in Downtown Waukegan, IL
As of March 15, 2026 the best value apartment in the Downtown Waukegan area is the $1.73 price per square foot Hampton Model at Northgate Apartments in the in the North Waukegan neighborhood starting from $1,695. The second greatest value Downtown 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 Downtown Waukegan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Northgate Apartments | Hampton | 2BR,2BA | $1.73 |
| 1520 Westmoreland Ave, Unit 2 Bedroom Apartment | 1520 Westmoreland Ave | 2BR,1BA | $1.47 |
| Brookside Knoll | Two Bedroom | 2BR,1BA | $1.14 |
| Fox Crest | Fox Den | 2BR,1.5BA | $1.74 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Linden Flats Apartments | 2 BR- 1 BTH | 2BR,1BA | $1.85 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| 10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $1.67 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
| CASA Apartments - Waukegan | Studio | Studio ,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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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.
Best Local Schools in Downtown Waukegan, Waukegan, IL
Glen Flora Elementary School
Waukegan High School
Daniel Webster Middle 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!
Frequently Asked Questions about Cheap Downtown Waukegan Apartments
What is a cheap apartment in Downtown Waukegan?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Waukegan is under $1,355.
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 $775, while the average apartment in Downtown Waukegan costs $2,000.
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 10 regular apartments in Downtown 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 Downtown Waukegan?
Cheap apartments in Downtown Waukegan have an average cost of $129 which is $1,871 cheaper than the average rent for all rentals in Downtown 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

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.

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.