942 North Ave
WaukeganIL60085
Cheap Homes for Rent in Waukegan, IL from $950 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Waukegan.
2614 Grand Ave
WaukeganIL60085
3305 Sunset Ave
WaukeganIL60087
3305 Sunset Ave
WaukeganIL60087
2541 Gilead Ave, Unit 1st Floor
2541 Gilead Ave
ZionIL60099
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$1,2002 Bedroom Apartments Available Now
2600 Elim Ave, Unit 3
2600 Elim AveZion, IL 60099
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1840 N Delany Rd
GurneeIL60031
1801 Victoria Ave
North ChicagoIL60064
332 West St
WaukeganIL60085
1832 Joppa Ave
ZionIL60099
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$1,5002 Bedroom Apartments Available Now
338 N Green Bay Rd, Unit 1102
338 N Green Bay RdWaukegan, IL 60085
1225 Jackson St
North ChicagoIL60064
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
2128 N Frolic Ave
WaukeganIL60087
1820 N Delany Rd
GurneeIL60031
2513 Western Ave
WaukeganIL60087
826 N Milwaukee Ave
LibertyvilleIL60048
1103 Palmer Pl
WaukeganIL60085
1015 18th St
North ChicagoIL60064
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.
Showing Results 1-18, Page 1 of 1
Waukegan, IL Local Guide
How much does it cost to rent a home in Waukegan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waukegan 2 Bedroom Homes for Rent | $1,843 | $1,195 | $2,850 |
| Waukegan 3 Bedroom Homes for Rent | $2,586 | $1,795 | $6,000 |
| Waukegan 4 Bedroom Homes for Rent | $4,110 | $2,000 | $6,000 |
| Waukegan 5 Bedroom Homes for Rent | $3,450 | $3,300 | $3,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Waukegan, IL Local Guide
- Waukegan Neighborhoods
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Cheapest Neighborhoods for Homes in Waukegan, IL
Pricing Updated: 09/19/2026Current rental homes in the Waukegan, IL area range in price from $950 to $3,300 with an overall median price of $1,562. The three Waukegan neighborhoods with the lowest median rent pricing are Lake Cogardens at $1,345, Downtown Waukegan at $1,550, and North Waukegan at $1,650. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Waukegan Homes for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Lake Cogardens | $1,345 | $950 | 14 |
| Downtown Waukegan | $1,550 | $950 | 22 |
| North Waukegan | $1,650 | $1,550 | 3 |
| Marquette Highlands | $1,675 | $950 | 6 |
| Norshore Park | $1,700 | $950 | 10 |
| Waukegan Downtown | $1,750 | $950 | 3 |
| Pleasant Hill | $2,000 | $2,000 | 1 |
Best Value Homes for Rent in Waukegan, IL
As of September 19, 2026 the best value rental home in the Waukegan area is the $1.71 price per square foot 5122 Carol Ln Model at 5122 Carol Ln starting from $2,500. The second greatest value Waukegan rental home is the 2506 24th Pl Model at 2506 24th Pl in the North Center neighborhood starting at $1,795 with a $1.33 price per square foot. Here is today’s list of the best values for Waukegan homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5122 Carol Ln | 5122 Carol Ln | 3BR, 3BA | $1.71 |
| 2506 24th Pl | 2506 24th Pl | 3BR, 1BA | $1.33 |
| 23 N Butrick St | 23 N Butrick St | 3BR, 1.5BA | $1.86 |
| 2541 Gilead Ave, Unit 1st Floor | 2541 Gilead Ave | 2BR, 1BA | $1.41 |
| 3305 Sunset Ave | 3305 Sunset Ave | 1BR, 1BA | $2.64 |
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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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Waukegan, ILPopulation: 86,792
Ranked #385
in US Census Population by City
Best Local Schools in 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
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waukegan, IL Rentals by Map
See the most popular apartments and homes in Waukegan, IL
Frequently Asked Questions about Waukegan
What type of rentals are currently available in Waukegan?
There are currently 324 Apartments for Rent in Waukegan, IL with pricing that ranges from $675 to $4,736. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waukegan ranging from $950 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 $950 to $6,000 with an average monthly rent of $2,165.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.