Cheap Apartments for Rent in Waukegan, IL
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NEW - 22 HRS AGOPET FRIENDLY
NEW - 1 DAY AGOPET FRIENDLY$1,395 - $1,875/mo
1-2 Beds
1-2 BathsReserve at Eagle Ridge | 1947 W Eagle Ridge Dr,
Waukegan, IL 60087
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Average Rent Trends in Waukegan, IL
Rent in Waukegan, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,800 |
| Oct 2025 | $2,000 |
| Nov 2025 | $1,800 |
| Dec 2025 | $1,589 |
| Jan 2026 | $1,650 |
| Feb 2026 | $1,650 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,595 |
| May 2026 | $1,600 |
| Jun 2026 | $1,700 |
| Jul 2026 | $1,600 |
| Aug 2026 | $1,563 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,150 | $1,600 | $2,000 | $3,322 | $1,600 |
| Townhomes | $1,050 | $2,100 | $1,825 | — | $2,000 |
| Apartments and Condos | $1,125 | $1,550 | $1,650 | — | $1,400 |
| Houses | — | $2,200 | $4,200 | $3,322 | $3,800 |
Frequently Asked Questions about Rentals in Waukegan, IL
- What is the average rent of an apartment in Waukegan, IL?The average rent of an apartment in Waukegan, IL is $1,426 per month. This is about 27% lower than the national average.
- When is the average rent cheapest in Waukegan, IL?In the last year, the average rent in Waukegan, IL was lowest in Mar 2025 when it was $1,400 per month.
- When is the average rent most expensive in Waukegan, IL?In the last year, the average rent in Waukegan, IL was highest in Oct 2025 when it was $2,000 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Waukegan, IL?The average rent of a 1 bedroom apartment in Waukegan, IL is $1,150 per month. That is about $95 more than the cost of a studio apartment.
- How many available rental listings are in Waukegan, IL?There are 109 available rental listings in Waukegan, IL.
- What are some neighborhoods in Waukegan, IL?Some neighborhoods in Waukegan, IL include: South Sheridan, Downtown Waukegan.
- What are some zip codes in Waukegan, IL?
- What are some cities near Waukegan, IL?Some nearby cities include: Park City, North Chicago, Beach Park, Gurnee, Great Lakes. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Waukegan, IL - 162 Rentas | Trulia