Cheap Apartments for Rent in the Downtown Waukegan Neighborhood of Waukegan, IL from $400 (40 Rentals)

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

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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The Chateau Royale
$1,285 - $1,565
Total Monthly Price

Total Monthly Price

Base Rent
$1,285 - $1,565

Total Monthly Price
$1,285 - $1,565
1 to 2 Bedroom Apartments Available Feb 10, 2027

The Chateau Royale

625 S Dilger AveWaukegan, IL 60085
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Karcher Artspace Lofts
Studio to 3 Bedroom Apartments

Karcher Artspace Lofts

405 Washington StWaukegan, IL 60085
  • Utilities Included
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Forest View Manor
1 Bedroom Apartments

Forest View Manor

1912 10TH StWaukegan, IL 60085
  • Utilities Included
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Onan Senior Suites
Studio to 2 Bedroom Apartments

Onan Senior Suites

3305 Sunset AveWaukegan, IL 60087
Senior Living
  • Utilities Included
  • Smoke Free
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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

417 Franklin StWaukegan, IL 60085
  • Utilities Included
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Little Fort Apartments
Studio to 1 Bedroom Apartments

Little Fort Apartments

520 N Genesee StWaukegan, IL 60085
  • Utilities Included
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1740 North Ave
1 Bedroom Apartments

1740 North Ave

1740 North AveWaukegan, IL 60085
  • Utilities Included

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.

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Pioneer Park
1 Bedroom Apartments

Pioneer Park

750-754 N Pioneer RdWaukegan, IL 60085
  • Utilities Included
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Chapa Apartments
2 Bedroom Apartments

Chapa Apartments

2101 Lorraine AveWaukegan, IL 60087
  • Utilities Included
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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
  • Utilities Included
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415 N Sheridan Rd
1 Bedroom Apartments

415 N Sheridan Rd

415 N Sheridan RdWaukegan, IL 60085
  • Utilities Included
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Regency Village
1 to 3 Bedroom Apartments

Regency Village

3150 W Grandville AveWaukegan, IL 60085
  • Utilities Included
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Sunset Village
1 to 2 Bedroom Apartments

Sunset Village

2205 N Butrick StWaukegan, IL 60087
Senior Living
  • Utilities Included

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.

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Hinkston Pond Apartments
1 to 2 Bedroom Apartments

Hinkston Pond Apartments

3040-3084 W Grandville AveWaukegan, IL 60085
  • Utilities Included
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Shoreline Terrace
2 Bedroom Apartments

Shoreline Terrace

38569-38619 N Sheridan RdBeach Park, IL 60099
  • Utilities Included

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

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
Sunset Village1BR/1.0BA1BR,1BA$1,050
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,083
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Residences at Fountain SquareThe Buckingham1BR,1BA$1,190
Heritage Green1BR/1BA1BR,1BA$1,250
Madison West Apartments1 BR / 1 BA1BR,1BA$1,250
Kings Court Apartments1 bd1BR,1BA$1,250
10 N Sheridan Rd.1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Harbor LakeThe Harbor2BR,2BA$1.52
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Reserve at Eagle RidgeThe Hawk2BR,2BA$1.99
Fox CrestFox Den2BR,1.5BA$1.75
Kings Court Apartments1 bd1BR,1BA$1.56
Sunset Village1BR/1.0BA1BR,1BA$1.31
Northgate ApartmentsDover1BR,1BA$1.88
Heritage Green1BR/1BA1BR,1BA$1.67
Briarwood Apartments1BR/1BA1BR,1BA$1.72
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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Quick 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.

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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

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.