Cheap Homes for Rent in Waukegan, IL from $900 (21 Rentals)

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property at 714 Helmholz Ave

714 Helmholz Ave

WaukeganIL60085
Showing Results 1-21, Page 1 of 1

Waukegan, IL Local Guide

Cheapest Neighborhoods for Apartments in Waukegan, IL

Pricing Updated: 11/03/2025

Current apartment rentals in the Waukegan, IL area range in price from $750 to $7,375 with an overall median price of $3,758. The three Waukegan neighborhoods with the lowest median rent pricing are Norshore Park at $925, Waukegan Downtown at $925, and Pleasant Hill at $925. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Waukegan Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Norshore Park$1,637$92531
Waukegan Downtown$1,900$92517
Pleasant Hill$2,035$92521
Downtown Waukegan$5,063$75038
Lake Cogardens$5,063$75016
North Waukegan$5,063$7504
Marquette Highlands$5,546$75014

Cheapest Available Waukegan Apartments for Rent

 

The cheapest available apartment rental in Waukegan, IL is a 1 Bed unit found at CASA Apartments - Waukegan in the North Waukegan neighborhood priced from $750. Imperial Tower Apartments in the Norshore Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,118. Here is today’s list of the most affordable Waukegan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CASA Apartments - Waukegan1 Bdrm1BR,1BA$750
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,118
Linden Flats Apartments1 BR/1 BTH1BR,1BA$1,135
Kings Court Apartments1 bd1BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175

Best Value Apartments for Rent in Waukegan, IL

As of November 04, 2025 the best value apartment in the Waukegan area is the $1.24 price per square foot 670 S Martin Luther King Jr Ave Model at 670 S Martin Luther King Jr Ave, Unit #1 in the in the Waukegan Downtown neighborhood starting from $1,490. The second greatest value Waukegan apartment is the B4 Model at Cook Apartments at Libertyville starting at $2,000 with a $1.92 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.
670 S Martin Luther King Jr Ave, Unit #1670 S Martin Luther King Jr Ave2BR,1BA$1.24
Cook Apartments at LibertyvilleB42BR,2BA$1.92
Reserve at Eagle RidgeThe Bluejay2BR,2BA$1.78
Sheridan Center ApartmentsOne Bedroom1BR,1BA$1.46
Kings Court Apartments1 bd1BR,1BA$1.44
Heritage Green1BR/1BA1BR,1BA$1.67
Fox CrestFox Crossing1BR,1BA$1.65
Briarwood Apartments1BR/1BA1BR,1BA$1.72
Linden Flats Apartments1 BR/1 BTH1BR,1BA$1.75
CASA Apartments - Waukegan1 Bdrm1BR,1BA$1.25

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Frequently Asked Questions about Waukegan

What type of rentals are currently available in Waukegan?

There are currently 320 Apartments for Rent in Waukegan, IL with pricing that ranges from $750 to $7,375. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waukegan ranging from $905 to $8,500.

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 $905 to $8,500 with an average monthly rent of $2,526.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.