Apartments for Rent in Waukegan, IL

Prices and availability in Waukegan, IL were last updated on 13 Aug 2026.

The best apartments in Waukegan, IL are: Landings at Amhurst Lake, Northgate Apartments, Reserve at Eagle Ridge, Harbor Lake and Fox Crest.

The average rent in Waukegan, IL is $1,316.

The price range for a studio apartment in Waukegan, IL is between $1,050 and $1,654.

The price range for a 1-bedroom apartment in Waukegan, IL is between $1,200 and $2,460.

The price range for a 2-bedroom apartment in Waukegan, IL is between $1,200 and $2,946.

The price range for a 3-bedroom apartment in Waukegan, IL is between $1,445 and $2,215.

In Waukegan 50% of the housing is rented out compared to 50% of homes are owned, according to the most recent Census Bureau estimates. 13% of Waukegan's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 20% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Waukegan are about 43 years old, on average. Of these, 15% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 85% of the rental communities here are low-rise, garden-style communities, 9% are mid-rises, and 5% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Waukegan are around 2% of rentals, while 1-bedroom floor plans represent 43% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 49% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.