
Cheap Homes for Rent in Waukegan Downtown Neighborhood of Waukegan, IL from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Waukegan Downtown area of Waukegan.


1003 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.

515 George Ave

623 Yeoman St
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.
Waukegan Downtown, Waukegan, IL Local Guide

How much does it cost to rent a home in Waukegan Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waukegan Downtown 2 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Waukegan Downtown 3 Bedroom Homes for Rent | $2,067 | $1,800 | $2,490 |
Waukegan Downtown 5 Bedroom Homes for Rent | $1,955 | $1,955 | $1,955 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Waukegan Downtown, IL
As of October 22, 2025 the best value apartment in the Waukegan Downtown area is the $1.27 price per square foot 670 S Martin Luther King Jr Ave Model at 670 S Martin Luther King Jr Ave, Unit #1 in the in the Waukegan Downtown neighborhood starting from $1,520. The second greatest value Waukegan Downtown apartment is the 1BR/1.0BA Model at 10 N Sheridan Rd. starting at $1,425 with a $2.04 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. |
---|---|---|---|
670 S Martin Luther King Jr Ave, Unit #1 | 670 S Martin Luther King Jr Ave | 2BR,1BA | $1.27 |
10 N Sheridan Rd. | 1BR/1.0BA | 1BR,1BA | $2.04 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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.
Pet Friendly LifestyleWaukegan Downtown, Waukegan, IL
Ranked #6
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Waukegan Downtown, Waukegan, IL
Waukegan High School
School data provided by Great Schools
Frequently Asked Questions about Waukegan Downtown
What type of rentals are currently available in Waukegan Downtown?
There are currently 66 Apartments for Rent in Waukegan Downtown, IL with pricing that ranges from $999 to $2,100. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waukegan Downtown ranging from $1,200 to $2,490.
What is the current price range for Rental Homes in Waukegan Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waukegan Downtown ranges from $1,200 to $2,490 with an average monthly rent of $1,755.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.