3910 Ellis Ave
GurneeIL60031
Cheap Homes for Rent in Downtown Waukegan Neighborhood of Waukegan, IL from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waukegan area of Waukegan.
3060 Kathe Ln
WaukeganIL60085
3305 Sunset Ave
WaukeganIL60087
2048 N Sheridan Rd
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 W Grand Ave
WaukeganIL60085
1701 North Ave
WaukeganIL60085
771 Greenview St
GurneeIL60031
3060 Kathe Ln
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.
Showing Results 1-8, Page 1 of 1
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 | $1,850 | $1,400 | $2,200 |
| Downtown Waukegan 3 Bedroom Homes for Rent | $2,179 | $1,900 | $2,800 |
| Downtown Waukegan 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
| Downtown Waukegan 5 Bedroom Homes for Rent | $3,610 | $3,610 | $3,610 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 8 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
- Nearby Waukegan neighborhoods
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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. Sunset Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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 |
| Sunset Village | 1BR/1.0BA | 1BR,1BA | $900 |
| Cinnamon Lake Towers | Studio | Studio,1BA | $1,025 |
Best Value Apartments for Rent in Downtown Waukegan, IL
As of April 28, 2026 the best value apartment in the Downtown Waukegan area is the $1.98 price per square foot 215 S Park Ave Model at 215 S Park Ave, Unit 1F in the in the Waukegan Downtown neighborhood starting from $1,980. 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. |
|---|---|---|---|
| 215 S Park Ave, Unit 1F | 215 S Park Ave | 3BR,1BA | $1.98 |
| 1520 Westmoreland Ave, Unit 2 Bedroom Apartment | 1520 Westmoreland Ave | 2BR,1BA | $1.47 |
| Fox Crest | Fox Den | 2BR,1.5BA | $1.76 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Madison West Apartment | 1 BR / 1 BA | 1BR,1BA | $1.67 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
| Linden Flats Apartments | 1 BR/1 BTH | 1BR,1BA | $1.90 |
| Sunset Village | 1BR/1.0BA | 1BR,1BA | $1.64 |
| CASA Apartments - Waukegan | Studio | Studio ,1BA | $1.35 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 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 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.
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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 (4355)
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 207 Apartments for Rent in Downtown Waukegan, IL with pricing that ranges from $675 to $6,163. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waukegan ranging from $800 to $3,610.
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 $800 to $3,610 with an average monthly rent of $2,261.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.