
Cheap Apartments for Rent in the Downtown Waukegan Neighborhood of Waukegan, IL from $400 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waukegan area of Waukegan.


Cinnamon Lake Towers

Harbor Lake

Beechwood at the Preserve

Total Monthly Price
Imperial Tower Apartments

Brookside Knoll

129 Franklin St

Madison West 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.

Briarwood Apartments

3060 Kathe Ln

Fox Crest

Kings Court Apartments

Heritage Green

Total Monthly Price
The Chateau Royale

10 N Sheridan Rd.

3060 Kathe Ln
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.

Total Monthly Price
1520 Westmoreland Ave, Unit 2 Bedroom Apartment

Karcher Artspace Lofts

Forest View Manor

Onan Senior Suites

Garden Park Apartments

Washington Manor Apartments

Little Fort Apartments

1740 North Ave
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.

Lakeside Tower Apartments

Pioneer Park

Chapa Apartments

2850 W Grandville Ave

2000-2030 N Pine St

415 N Sheridan Rd

Regency Village

Sunset Village
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.

Hinkston Pond Apartments

Oak Bluff Townhomes

Residences at Fountain Square

3305 Sunset Ave

1001 W Grand Ave

1001 Grand Ave

Linden Flats Apartments

Shoreline Terrace
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.
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 | $1,082 | $675 | $1,453 |
| Downtown Waukegan 1 Bedroom Apartments | $1,322 | $775 | $1,877 |
| Downtown Waukegan 2 Bedroom Apartments | $1,672 | $950 | $2,412 |
| Downtown Waukegan 3 Bedroom Apartments | $1,538 | $1,050 | $2,065 |
Browse Apartments in this Neighborhood
There are currently 40 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CASA Apartments - Waukegan | Studio | Studio,1BA | $675 |
| Cinnamon Lake Towers | Studio | Studio,1BA | $1,025 |
| Sunset Village | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Imperial Tower Apartments | The Michigan | Studio,1BA | $1,083 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
| Residences at Fountain Square | The Buckingham | 1BR,1BA | $1,190 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1,250 |
| Madison West Apartments | 1 BR / 1 BA | 1BR,1BA | $1,250 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,250 |
| 10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Downtown Waukegan, IL
As of June 25, 2026 the best value apartment in the Downtown Waukegan area is the $1.52 price per square foot The Harbor Model at Harbor Lake in the in the North Waukegan neighborhood starting from $1,470. 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. |
|---|---|---|---|
| Harbor Lake | The Harbor | 2BR,2BA | $1.52 |
| 1520 Westmoreland Ave, Unit 2 Bedroom Apartment | 1520 Westmoreland Ave | 2BR,1BA | $1.47 |
| Reserve at Eagle Ridge | The Hawk | 2BR,2BA | $1.99 |
| Fox Crest | Fox Den | 2BR,1.5BA | $1.75 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.56 |
| Sunset Village | 1BR/1.0BA | 1BR,1BA | $1.31 |
| Northgate Apartments | Dover | 1BR,1BA | $1.88 |
| Heritage Green | 1BR/1BA | 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.
Read ArticleReal 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.
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
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!
Frequently Asked Questions about Cheap Downtown Waukegan Apartments
What is the Cheapest Studio apartment in Downtown Waukegan?
Currently the most affordable Cheap Studio Apartment in Downtown Waukegan is at CASA Apartments - Waukegan listed at $675.
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.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.