
Cheap Apartments for Rent in the Lake Cogardens Neighborhood of Waukegan, IL from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Cogardens area of Waukegan.


Cinnamon Lake Towers

Harbor Lake

Brookside Knoll

Kings Court Apartments

Total Monthly Price
Imperial Tower Apartments
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.

Briarwood Apartments

129 Franklin St

Onan Senior Suites

Garden Park Apartments

Little Fort Apartments

1740 North 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.

Lakeside Tower Apartments

Pioneer Park

Chapa Apartments

1701 North Ave

Regency Village

2850 W Grandville Ave
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.

2000-2030 N Pine St

415 N Sheridan Rd

Sunset Village

Hinkston Pond Apartments

Oak Bluff Townhomes

3305 Sunset Ave
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.

1001 Grand Ave

1001 W Grand Ave

3910 Ellis Ave
Lake Cogardens, Waukegan, IL Local Guide

How much does it cost to rent an apartment in Lake Cogardens?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Cogardens Studio Apartments | $1,105 | $675 | $1,310 |
| Lake Cogardens 1 Bedroom Apartments | $1,267 | $775 | $1,733 |
| Lake Cogardens 2 Bedroom Apartments | $1,875 | $950 | $4,906 |
| Lake Cogardens 3 Bedroom Apartments | $3,479 | $1,050 | $5,964 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Lake Cogardens Neighborhood of Waukegan, IL.
See all Apartments in WaukeganExplore Waukegan
Lake Cogardens, Waukegan, IL Local Guide
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Cheapest Available Lake Cogardens Apartments for Rent
 The cheapest available apartment rental in the Lake Cogardens area of Waukegan, IL is a Studio unit found at CASA Apartments - Waukegan priced from $675. Cinnamon Lake Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Lake Cogardens apartments for rent in Waukegan, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CASA Apartments - Waukegan | Studio | Studio,1BA | $675 |
| Cinnamon Lake Towers | Studio | Studio,1BA | $1,025 |
| Harbor Lake | The Minnow | Studio,1BA | $1,040 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
| Imperial Tower Apartments | The Michigan | Studio,1BA | $1,156 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1,250 |
| Fox Crest | Fox Den | 2BR,1BA | $1,440 |
| Northgate Apartments | Dover | 1BR,1BA | $1,445 |
| Reserve at Eagle Ridge | The Tawny | 2BR,1BA | $1,590 |
Best Value Apartments for Rent in Lake Cogardens, IL
As of May 28, 2026 the best value apartment in the Lake Cogardens area is the $1.88 price per square foot The Thunderbird Model at Reserve at Eagle Ridge in the in the Lake Cogardens neighborhood starting from $1,595. The second greatest value Lake Cogardens apartment is the Fox Den Model at Fox Crest starting at $1,440 with a $1.75 price per square foot in the North Waukegan neighborhood. Here is today’s list of the best values for Lake Cogardens apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Reserve at Eagle Ridge | The Thunderbird | 2BR,1BA | $1.88 |
| Fox Crest | Fox Den | 2BR,1.5BA | $1.75 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Northgate Apartments | Dover | 1BR,1BA | $1.87 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
| CASA Apartments - Waukegan | Studio | Studio ,1BA | $1.35 |
| Harbor Lake | The Minnow | Studio ,1BA | $2.34 |
| Cinnamon Lake Towers | Studio | Studio ,1BA | $2.37 |
| Imperial Tower Apartments | The Michigan | Studio ,1BA | $3.40 |
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 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.
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.
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States, including Waukegan. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Lake Cogardens Apartments
What is a cheap apartment in Lake Cogardens?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Cogardens is under $1,590.
What is the price of a cheap apartment in Lake Cogardens?
The cheapest apartment in Lake Cogardens is CASA Apartments - Waukegan which is listed at $775, while the average apartment in Lake Cogardens costs $2,950.
What types of apartments are the cheapest in Lake Cogardens?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Lake Cogardens that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Cogardens?
Cheap apartments in Lake Cogardens have an average cost of $145 which is $2,805 cheaper than the average rent for all rentals in Lake Cogardens.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.