Cheap Homes for Rent in Waukegan, IL from $800 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in Waukegan.

property at 3305 Sunset Ave

$1,190 - $1,200

1 Bedroom Rentals

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3305 Sunset Ave

WaukeganIL60087

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.

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.

Waukegan, IL Local Guide

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 02/04/2026

Current apartment rentals in the Waukegan, IL area range in price from $675 to $6,154 with an overall median price of $3,040. The three Waukegan neighborhoods with the lowest median rent pricing are Waukegan Downtown at $1,000, Pleasant Hill at $750, and Norshore Park at $750. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Waukegan Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Waukegan Downtown$1,550$1,00015
Pleasant Hill$1,727$75043
Norshore Park$1,882$75045
Downtown Waukegan$3,957$67562
Lake Cogardens$3,957$67536
Marquette Highlands$3,957$67534
North Waukegan$4,253$67514

Cheapest Available Waukegan Apartments for Rent

 

The cheapest available apartment rental in Waukegan, IL is a Studio unit found at CASA Apartments - Waukegan in the North Waukegan neighborhood priced from $675. Brookside Knoll in the Pleasant Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $975. Here is today’s list of the most affordable Waukegan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CASA Apartments - WaukeganStudioStudio,1BA$675
Brookside KnollTwo Bedroom2BR,1BA$975
Cinnamon Lake TowersStudioStudio,1BA$1,025
Country Chalet Apartments1 Bed 1 Bath1BR,1BA$1,100
Park Trail Apartments1 Bed 1 Bath B1BR,1BA$1,120

Best Value Apartments for Rent in Waukegan, IL

As of February 04, 2026 the best value apartment in the Waukegan area is the $1.30 price per square foot 432 N Milwaukee Ave Model at 432 N Milwaukee Ave, Unit C in the in the Downtown Libertyville neighborhood starting from $1,300. The second greatest value Waukegan apartment is the 2 Bed 1 Bath Renovated Model at Country Chalet Apartments starting at $1,420 with a $1.49 price per square foot in the Shepherds Crossing neighborhood. Here is today’s list of the best values for Waukegan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
432 N Milwaukee Ave, Unit C432 N Milwaukee Ave1BR,1BA$1.30
Country Chalet Apartments2 Bed 1 Bath Renovated2BR,1BA$1.49
Fox CrestFox Chase2BR,1.5BA$1.58
Imperial Tower ApartmentsThe Imperial1BR,1BA$1.47
Brookside KnollTwo Bedroom2BR,1BA$1.14
Kings Court Apartments1 bd1BR,1BA$1.44
Willow Wind1 bedroom1BR,1BA$1.47
Park Trail Apartments1 Bed 1 Bath B1BR,1BA$1.49
1318 Clarkson St, Unit 1318 Clarkson Street1318 Clarkson St1BR,1BA$1.43
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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The 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.

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Waukegan

What type of rentals are currently available in Waukegan?

There are currently 327 Apartments for Rent in Waukegan, IL with pricing that ranges from $675 to $6,154. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waukegan ranging from $875 to $6,000.

What is the current price range for Rental Homes in Waukegan?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waukegan ranges from $875 to $6,000 with an average monthly rent of $2,542.

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

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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.

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.