Cheap Homes for Rent in Waukegan, IL from $800 (15 Rentals)

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

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.

property at 3305 Sunset Ave

$1,190 - $1,195

1 Bedroom Rentals

Available Now

3305 Sunset Ave

WaukeganIL60087
property at 2138 Hebron Ave

$1,399

Total Monthly Price

Total Monthly Price

Base Rent
$1,399

Total Monthly Price
$1,399

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

2138 Hebron Ave

ZionIL60099

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.

property at 3325 Beacon St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

3325 Beacon St

North ChicagoIL60064

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Waukegan, IL Local Guide

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 03/21/2026

Current apartment rentals in the Waukegan, IL area range in price from $800 to $2,500 with an overall median price of $2,278. The three Waukegan neighborhoods with the lowest median rent pricing are North Waukegan at $1,800, Pleasant Hill at $1,175, and Downtown Waukegan at $800. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Waukegan Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Waukegan$1,800$1,8001
Pleasant Hill$1,950$1,17514
Downtown Waukegan$2,400$80022
Lake Cogardens$2,400$80011
Marquette Highlands$2,400$1,3005
Norshore Park$2,500$80019
Waukegan Downtown$2,500$1,3007

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. Cinnamon Lake Towers in the North Waukegan neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Waukegan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CASA Apartments - WaukeganStudioStudio,1BA$675
Cinnamon Lake TowersStudioStudio,1BA$1,025
Kings Court Apartments1 bd1BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Imperial Tower ApartmentsThe Park PlaceStudio,1BA$1,182

Best Value Apartments for Rent in Waukegan, IL

As of March 21, 2026 the best value apartment in the Waukegan area is the $1.55 price per square foot 2037 Gabriel Ave Model at 2037 Gabriel Ave, Unit 2nd Floor in the in the Shepherds Crossing neighborhood starting from $1,700. The second greatest value Waukegan apartment is the 432 N Milwaukee Ave Model at 432 N Milwaukee Ave, Unit C starting at $1,200 with a $1.20 price per square foot in the Downtown Libertyville 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.
2037 Gabriel Ave, Unit 2nd Floor2037 Gabriel Ave3BR,1BA$1.55
432 N Milwaukee Ave, Unit C432 N Milwaukee Ave1BR,1BA$1.20
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Fox CrestFox Chase2BR,1.5BA$1.61
Harbor LakeThe Lighthouse2BR,1BA$1.53
Kings Court Apartments1 bd1BR,1BA$1.44
10 N Sheridan Rd.1BR/1.0BA1BR,1BA$1.67
Madison West Apartment1 BR / 1 BA1BR,1BA$1.67
315 Julian St, Unit 2315 Julian St1BR,1BA$1.36
CASA Apartments - WaukeganStudioStudio ,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.

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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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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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Waukegan, IL
Population: 86,792

Ranked #385

in US Census Population by City

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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 335 Apartments for Rent in Waukegan, IL with pricing that ranges from $675 to $6,154. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waukegan ranging from $800 to $4,400.

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 $800 to $4,400 with an average monthly rent of $2,228.

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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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.

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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.