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

5 Apartment Bldg

702-704 Walnut St

630-656 Pickus Ct
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.

443 N Jackson St

601 Hill St

222 N West St

700-718 N Linden Ave

Lorraine Apartments

405-409 Franklin St

115 South Ave

128-130 S Lewis Ave

1011 Grand 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.

301-303 N Butrick St

Barwell Manor

624 N County St

124-126 N Genesee St

Garden Park Apartments

Lakeside Tower Apartments

Karcher Artspace Lofts

Little Fort Apartments

817-827 Grand 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.

Oak Bluff Townhomes

Courtyard Townhouses

Washington Manor Apartments

Nature Creek

536 North Ave

521-523 N Genesee St

Magnolia Apartments

Art Apartments

724-728 Grand 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.

136 N Butrick

Red Oaks Apartments
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 | $1,050 | $1,050 | $1,050 |
| Waukegan Downtown 1 Bedroom Apartments | $1,215 | $1,180 | $1,250 |
| Waukegan Downtown 2 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 1 mile radius of the Waukegan Downtown Neighborhood of Waukegan, IL.
See all Apartments in WaukeganExplore Waukegan
Waukegan Downtown, Waukegan, IL Local Guide
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Cheapest Available Waukegan Downtown Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Madison West Apartment | 1 BR / 1 BA | 1BR,1BA | $1,250 |
| 10 N Sheridan Rd. | 2BR/1.0BA | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 10 N Sheridan Rd. | 2BR/1.0BA | 2BR,1BA | $1.81 |
| Madison West Apartment | 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 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
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

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.

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.

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.

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.