3060 Kathe Ln
WaukeganIL60085
Cheap Homes for Rent in Downtown Waukegan Neighborhood of Waukegan, IL from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waukegan area of Waukegan.
3305 Sunset Ave
WaukeganIL60087
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.
1001 Grand Ave
WaukeganIL60085
1001 W Grand Ave
WaukeganIL60085
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.
3060 Kathe Ln
WaukeganIL60085
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Downtown Waukegan, Waukegan, IL Local Guide
How much does it cost to rent a home in Downtown Waukegan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Waukegan 2 Bedroom Homes for Rent | $1,700 | $1,400 | $2,000 |
| Downtown Waukegan 3 Bedroom Homes for Rent | $1,783 | $1,550 | $2,200 |
| Downtown Waukegan 4 Bedroom Homes for Rent | $2,780 | $2,560 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Waukegan Neighborhood of Waukegan, IL.
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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 |
Best Value Apartments for Rent in Downtown Waukegan, IL
As of June 20, 2026 the best value apartment in the Downtown Waukegan area is the $1.71 price per square foot Brunswick Model at Northgate Apartments in the in the North Waukegan neighborhood starting from $1,785. 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 | Brunswick | 2BR,2BA | $1.71 |
| 1520 Westmoreland Ave, Unit 2 Bedroom Apartment | 1520 Westmoreland Ave | 2BR,1BA | $1.47 |
| Reserve at Eagle Ridge | The Thunderbird | 2BR,1BA | $1.88 |
| Fox Crest | Fox Den | 2BR,1.5BA | $1.75 |
| Sunset Village | 1BR/1.0BA | 1BR,1BA | $1.31 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.56 |
| Madison West Apartments | 1 BR / 1 BA | 1BR,1BA | $1.67 |
| 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.
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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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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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Best Local Schools in Downtown Waukegan, Waukegan, IL
Waukegan High School
Waukegan Community Unit School District 60
Public School - Grades 9-12 (4126)
1 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Waukegan
What type of rentals are currently available in Downtown Waukegan?
There are currently 203 Apartments for Rent in Downtown Waukegan, IL with pricing that ranges from $675 to $2,412. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waukegan ranging from $1,175 to $3,000.
What is the current price range for Rental Homes in Downtown Waukegan?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Waukegan ranges from $1,175 to $3,000 with an average monthly rent of $1,891.
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.