
Cheap Homes for Rent in Waukegan, IL from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Waukegan.


3060 Kathe Ln

3305 Sunset Ave

336 N Green Bay Rd

1498 Grove Ave

321 S M.L.K. Jr Ave
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.

3303 Colgate Ave

3060 Kathe Ln

3318 Berwyn Ave

338 N Green Bay Rd

2318 Washington St

1014 Edwards St
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.

2421 Lewis Ave
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 | $1,858 | $1,350 | $2,800 |
| Waukegan 3 Bedroom Homes for Rent | $2,459 | $1,255 | $6,000 |
| Waukegan 4 Bedroom Homes for Rent | $3,537 | $2,100 | $5,000 |
| Waukegan 5 Bedroom Homes for Rent | $3,460 | $2,750 | $4,200 |
Browse Top Homes for Rent in Waukegan
Explore Waukegan
Waukegan, IL Local Guide
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Cheapest Neighborhoods for Apartments in Waukegan, IL
Pricing Updated: 02/04/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Waukegan Downtown | $1,550 | $1,000 | 15 |
| Pleasant Hill | $1,727 | $750 | 43 |
| Norshore Park | $1,882 | $750 | 45 |
| Downtown Waukegan | $3,957 | $675 | 62 |
| Lake Cogardens | $3,957 | $675 | 36 |
| Marquette Highlands | $3,957 | $675 | 34 |
| North Waukegan | $4,253 | $675 | 14 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CASA Apartments - Waukegan | Studio | Studio,1BA | $675 |
| Brookside Knoll | Two Bedroom | 2BR,1BA | $975 |
| Cinnamon Lake Towers | Studio | Studio,1BA | $1,025 |
| Country Chalet Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,100 |
| Park Trail Apartments | 1 Bed 1 Bath B | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 432 N Milwaukee Ave, Unit C | 432 N Milwaukee Ave | 1BR,1BA | $1.30 |
| Country Chalet Apartments | 2 Bed 1 Bath Renovated | 2BR,1BA | $1.49 |
| Fox Crest | Fox Chase | 2BR,1.5BA | $1.58 |
| Imperial Tower Apartments | The Imperial | 1BR,1BA | $1.47 |
| Brookside Knoll | Two Bedroom | 2BR,1BA | $1.14 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Willow Wind | 1 bedroom | 1BR,1BA | $1.47 |
| Park Trail Apartments | 1 Bed 1 Bath B | 1BR,1BA | $1.49 |
| 1318 Clarkson St, Unit 1318 Clarkson Street | 1318 Clarkson St | 1BR,1BA | $1.43 |
| CASA Apartments - Waukegan | Studio | Studio ,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.
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.
Best Local Schools in Waukegan, IL
Waukegan High School
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 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

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.

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.

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.

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.