Cheap Apartments for Rent in the Waukegan Downtown Neighborhood of Waukegan, IL from $400 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waukegan Downtown area of Waukegan.

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200 N County St
1 Bedroom Apartments

200 N County St

200 N County StWaukegan, IL 60085
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100-108 S Genesee St
Studio to 2 Bedroom Apartments

100-108 S Genesee St

100-108 S Genesee StWaukegan, IL 60085
  • Utilities Included
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242 S Victory St
Studio Apartments

242 S Victory St

242 S Victory StWaukegan, IL 60085
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1415 Grand Ave
Studio to 2 Bedroom Apartments

1415 Grand Ave

1415 Grand AveWaukegan, IL 60085
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5 Apartment Bldg
1 to 2 Bedroom Apartments

5 Apartment Bldg

604 N Genesee StWaukegan, IL 60085
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702-704 Walnut St
3 Bedroom Apartments

702-704 Walnut St

702-704 Walnut StWaukegan, IL 60085
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630-656 Pickus Ct
2 Bedroom Apartments

630-656 Pickus Ct

630-656 Pickus CtWaukegan, IL 60085

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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443 N Jackson St
2 Bedroom Apartments

443 N Jackson St

443 N Jackson StWaukegan, IL 60085
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601 Hill St
1 to 2 Bedroom Apartments

601 Hill St

601 Hill StWaukegan, IL 60085
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222 N West St
1 to 2 Bedroom Apartments

222 N West St

222 N West StWaukegan, IL 60085
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Lorraine Apartments
Studio to 1 Bedroom Apartments

Lorraine Apartments

2020 Washington StWaukegan, IL 60085
  • Utilities Included
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405-409 Franklin St
Studio to 1 Bedroom Apartments

405-409 Franklin St

405-409 Franklin StWaukegan, IL 60085
  • Utilities Included
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115 South Ave
Studio Apartments

115 South Ave

115 South AveWaukegan, IL 60085
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128-130 S Lewis Ave
Studio to 1 Bedroom Apartments

128-130 S Lewis Ave

128-130 S Lewis AveWaukegan, IL 60085
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1011 Grand Ave
Studio Apartments

1011 Grand Ave

1011 Grand AveWaukegan, IL 60085

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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Barwell Manor
1 to 5 Bedroom Apartments

Barwell Manor

577 S Genesee StWaukegan, IL 60085
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624 N County St
Studio to 1 Bedroom Apartments

624 N County St

624 N County StWaukegan, IL 60085
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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

417 Franklin StWaukegan, IL 60085
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Karcher Artspace Lofts
Studio to 3 Bedroom Apartments

Karcher Artspace Lofts

405 Washington StWaukegan, IL 60085
  • Utilities Included
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Little Fort Apartments
Studio to 1 Bedroom Apartments

Little Fort Apartments

520 N Genesee StWaukegan, IL 60085
  • Utilities Included
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817-827 Grand Ave
Studio to 2 Bedroom Apartments

817-827 Grand Ave

817-827 Grand AveWaukegan, IL 60085

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.

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Nature Creek
2 Bedroom Apartments

Nature Creek

1206 Brookside AveWaukegan, IL 60085
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536 North Ave
Studio to 1 Bedroom Apartments

536 North Ave

536 North AveWaukegan, IL 60085
  • Utilities Included
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521-523 N Genesee St
1 to 2 Bedroom Apartments

521-523 N Genesee St

521-523 N Genesee StWaukegan, IL 60085
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Magnolia Apartments
1 to 2 Bedroom Apartments

Magnolia Apartments

99 S Butrick StWaukegan, IL 60085
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Art Apartments
Studio to 1 Bedroom Apartments

Art Apartments

2024 W Washington StWaukegan, IL 60085
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724-728 Grand Ave
1 Bedroom Apartments

724-728 Grand Ave

724-728 Grand AveWaukegan, IL 60085
  • Utilities Included

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.

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136 N Butrick
1 to 2 Bedroom Apartments

136 N Butrick

136 N ButrickWaukegan, IL 60085
  • Utilities Included

Waukegan Downtown, Waukegan, IL Local Guide

Cheapest Available Waukegan Downtown Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Madison West Apartment1 BR / 1 BA1BR,1BA$1,250
10 N Sheridan Rd.2BR/1.0BA2BR,1BA$1,900

Best Value Apartments for Rent in Waukegan Downtown, IL

As of June 06, 2026 the best value apartment in the Waukegan Downtown area is the $1.81 price per square foot 2BR/1.0BA Model at 10 N Sheridan Rd. in the in the North Center neighborhood starting from $1,900. The second greatest value Waukegan Downtown apartment is the 1 BR / 1 BA Model at Madison West Apartment starting at $1,250 with a $1.67 price per square foot in the North Center neighborhood. Here is today’s list of the best values for Waukegan Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10 N Sheridan Rd.2BR/1.0BA2BR,1BA$1.81
Madison West Apartment1 BR / 1 BA1BR,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.

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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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Quick 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.

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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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.