Cheap Homes for Rent in Waukegan, IL from $1,100 (13 Rentals)

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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.

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property at 2902 31st St

$1,350 - $1,400

1 To 2 Bedroom Rentals

Available Now

2902 31st St

ZionIL60099

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.

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Showing Results 1-13, Page 1 of 1

Waukegan, IL Local Guide

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 06/20/2026

Current apartment rentals in the Waukegan, IL area range in price from $675 to $3,213 with an overall median price of $1,686. The three Waukegan neighborhoods with the lowest median rent pricing are North Waukegan at $675, Downtown Waukegan at $675, and Lake Cogardens at $675. 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$1,557$67514
Downtown Waukegan$1,637$67536
Lake Cogardens$1,637$67530
Marquette Highlands$1,637$67529
Norshore Park$1,637$1,06519
Pleasant Hill$1,800$1,06512
Waukegan Downtown$1,900$1,1506

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
Sunset Village1BR/1.0BA1BR,1BA$1,050
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,073
Briarwood Apartments1BR/1BA1BR,1BA$1,175

Best Value Apartments for Rent in Waukegan, IL

As of June 20, 2026 the best value apartment in the Waukegan area is the $1.52 price per square foot Waiting List Model at Northline Apartments in the in the Downtown Libertyville neighborhood starting from $1,990. The second greatest value Waukegan apartment is the Brunswick Model at Northgate Apartments starting at $1,785 with a $1.71 price per square foot in the North Waukegan 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.
Northline ApartmentsWaiting List2BR,2BA$1.52
Northgate ApartmentsBrunswick2BR,2BA$1.71
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Sunset Village1BR/1.0BA1BR,1BA$1.31
Kings Court Apartments1 bd1BR,1BA$1.56
Madison West Apartments1 BR / 1 BA1BR,1BA$1.67
Heritage Green1BR/1BA1BR,1BA$1.67
Country Chalet Apartments1 Bed 1 Bath Renovated1BR,1BA$1.69
Briarwood Apartments1BR/1BA1BR,1BA$1.72
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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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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Waukegan, IL
Population: 86,792

Ranked #385

in US Census Population by City

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Best Local Schools in
Waukegan, IL

School data provided by Great Schools

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

Explore Waukegan, IL Rentals by Map

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See the most popular apartments and homes in Waukegan, IL

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Waukegan, IL Apartments Map
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Frequently Asked Questions about Waukegan

What type of rentals are currently available in Waukegan?

There are currently 317 Apartments for Rent in Waukegan, IL with pricing that ranges from $675 to $4,466. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waukegan ranging from $1,175 to $7,995.

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 $1,175 to $7,995 with an average monthly rent of $2,698.

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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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.

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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.

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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.

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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.