
Cheap Apartments for Rent in the Waukegan Downtown Neighborhood of Waukegan, IL from $441 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waukegan Downtown area of Waukegan.


200 N County St

100-108 S Genesee St

709 S Mcalister Ave

242 S Victory St

1415 Grand Ave

601 Hill St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

5 Apartment Bldg

630-656 Pickus Ct

443 N Jackson St

702-704 Walnut St

Garden Park Apartments

Lakeside Tower Apartments

Karcher Artspace Lofts
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

LITTLE FORT APARTMENTS LLC

817-827 Grand Ave

Oak Bluff Townhomes

Courtyard Townhouses

Washington Manor Apartments

536 North Ave

Nature Creek
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Waukegan Downtown, Waukegan, IL Local Guide

How much does it cost to rent an apartment in Waukegan Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waukegan Downtown Studio Apartments | $1,175 | $1,175 | $1,175 |
| Waukegan Downtown 1 Bedroom Apartments | $1,275 | $1,275 | $1,275 |
| Waukegan Downtown 2 Bedroom Apartments | $1,600 | $1,500 | $1,650 |
| Waukegan Downtown 4 Bedroom Apartments | $1,625 | $1,625 | $1,625 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 1 mile radius of the Waukegan Downtown Neighborhood of Waukegan, IL.
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Waukegan Downtown, Waukegan, IL Local Guide
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Cheapest Available Waukegan Downtown Apartments for Rent
 The cheapest available apartment rental in the Waukegan Downtown area of Waukegan, IL is a 1 Bed unit found at LITTLE FORT APARTMENTS LLC priced from $1,050. GRAND AVE. - 1011 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Waukegan Downtown apartments for rent in Waukegan, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LITTLE FORT APARTMENTS LLC | LITTLE FORT APARTMENTS LLC - 411 | 1BR,1BA | $1,050 |
| GRAND AVE. - 1011 | GRAND AVE. - 1011 - 11 | 1BR,1BA | $1,150 |
| Madison West Apartments | 1 BR / 1 BA | 1BR,1BA | $1,250 |
| 10 N Sheridan Rd. | 2BR/1.0BA | 2BR,1BA | $1,650 |
Best Value Apartments for Rent in Waukegan Downtown, IL
As of September 04, 2026 the best value apartment in the Waukegan Downtown area is the $1.68 price per square foot 2BR/1.0BA Model at 10 N Sheridan Rd. in the in the Waukegan Downtown neighborhood starting from $1,650. The second greatest value Waukegan Downtown apartment is the 222 N Genesee St Model at 222 N Genesee St, Unit 207 starting at $1,650 with a $1.83 price per square foot in the Waukegan Downtown neighborhood. Here is today’s list of the best values for Waukegan Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 10 N Sheridan Rd. | 2BR/1.0BA | 2BR,1BA | $1.68 |
| 222 N Genesee St, Unit 207 | 222 N Genesee St | 2BR,1BA | $1.83 |
| Madison West Apartments | 1 BR / 1 BA | 1BR,1BA | $1.67 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Best Local Schools in Waukegan Downtown, Waukegan, IL
Waukegan High School
School data provided by Great Schools
Frequently Asked Questions about Cheap Waukegan Downtown Apartments
What is the lowest price for a Cheap Two Bedroom Waukegan Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waukegan Downtown is starting from $1,650 at 10 N Sheridan Rd..
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.