Cheap Apartments for Rent in the Waukegan Downtown Neighborhood of Waukegan, IL from $441 (21 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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601 Hill St
1 to 2 Bedroom Apartments

601 Hill St

601 Hill StWaukegan, IL 60085

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.

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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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630-656 Pickus Ct
2 Bedroom Apartments

630-656 Pickus Ct

630-656 Pickus CtWaukegan, IL 60085
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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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702-704 Walnut St
3 Bedroom Apartments

702-704 Walnut St

702-704 Walnut StWaukegan, IL 60085
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Garden Park Apartments
Studio to 1 Bedroom Apartments

Garden Park Apartments

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

Karcher Artspace Lofts

405 Washington StWaukegan, IL 60085
  • Utilities Included

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.

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817-827 Grand Ave
Studio to 2 Bedroom Apartments

817-827 Grand Ave

817-827 Grand AveWaukegan, IL 60085
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536 North Ave
Studio to 1 Bedroom Apartments

536 North Ave

536 North AveWaukegan, IL 60085
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Nature Creek
2 Bedroom Apartments

Nature Creek

1206 Brookside AveWaukegan, IL 60085

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

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 ListingModel NameBed/BathPriced From
LITTLE FORT APARTMENTS LLCLITTLE FORT APARTMENTS LLC - 4111BR,1BA$1,050
GRAND AVE. - 1011GRAND AVE. - 1011 - 111BR,1BA$1,150
Madison West Apartments1 BR / 1 BA1BR,1BA$1,250
10 N Sheridan Rd.2BR/1.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
10 N Sheridan Rd.2BR/1.0BA2BR,1BA$1.68
222 N Genesee St, Unit 207222 N Genesee St2BR,1BA$1.83
Madison West Apartments1 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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Navigating 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.

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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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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

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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.

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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.

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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.

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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.