9

Studio Apartments for Rent in Waukegan, IL

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  • /29

    Starting at $1,225 Per Month

    • Studio - 2 Beds

    1947 W Eagle Ridge Dr, Waukegan, IL 60087

    Welcome to Reserve at Eagle Ridge Apartment Homes! Our community offers spacious studio, one and two-bedroom apartments for rent in Waukegan. When you tour one of our many floor plans, you will see that we have designed our apartments with your comfort in mind. Enjoy a private patio/balcony, walk-in closets, and other great amenities. Select homes are even equipped with in-home laundry!

    Reserve at Eagle Ridge

    1947 W Eagle Ridge Dr, Waukegan, IL 60087
  • /25

    Starting at $1,050 Per Month

    • Studio - 2 Beds

    1610 Sunset Ave, Waukegan, IL 60087

    Welcome home to Harbor Lake Apartments in Waukegan, IL! We have Studio, 1, and 2 bedroom apartments. Take a stroll on the winding path that surrounds our private lake, unwind by the pool, or relax in the comfort of your generous apartment home. We are the home for you if you are in the mood for shopping, dining, and entertainment. Harbor Lake Apartments is also close to major roads, public

    Harbor Lake

    1610 Sunset Ave, Waukegan, IL 60087
  • /32

    Starting at $1,170

    Total Monthly Price

    • Studio

    625 S Dilger Ave, Waukegan, IL 60085

    Amenities abound at the Chateau Royale Apartments - 625 S. Dilger Avenue in Waukegan. Nestled along the northern fringe of the Green Belt Forest Reserve, the Chateau offers convenience, luxury, and practicality. Walking distance to restaurants. 100 feet to bus stop. Heat, hot & cold water, wireless internet, local tv programming and gas for your stove all included in your monthly rental.

    The Chateau Royale

    625 S Dilger Ave, Waukegan, IL 60085
  • /20

    Starting at $1,025 Per Month

    • Studio - 2 Beds

    2701 W Glen Flora Ave, Waukegan, IL 60085

    Call for details!! Cinnamon Lake Towers situates you within minutes of major businesses, great schools, the Great Lakes Training Center, Gurnee Mills and Six Flags Great America Park. Call for details. Income Guidelines Apply!

    Cinnamon Lake Towers

    2701 W Glen Flora Ave, Waukegan, IL 60085
  • /22

    Starting at $675 Per Month

    • Studio - 3 Beds

    2035-2045 Georgetown Ln, Waukegan, IL 60085

    Welcome to CASA Apartments where Low Prices meet High Quality! We offer quality apartments for lowest prices in the area! We are able to accommodate any family size small to large and offer Studio, 1bd, 2bd and 3bd apartments! Our over sized living spaces feature Alarm Systems , Skylights and Dishwashers. Our community amenities include Secure Access and On-Site Maintenance. We are conveniently

    CASA Apartments - Waukegan

    2035-2045 Georgetown Ln, Waukegan, IL 60085

Why Live in Waukegan

Waukegan's mile-long municipal beach along Lake Michigan provides year-round waterfront recreation, while the historic Genesee Theatre brings Broadway shows and national acts to the heart of downtown. The 6.5-mile Illinois Beach State Park showcases diverse plant life and pristine shoreline. Downtown Waukegan features local art galleries, monthly ArtWauk events, and distinctive murals celebrating hometown author Ray Bradbury. The 700-slip Waukegan Harbor and Marina serves as a gateway to Lake Michigan boating and fishing. Local dining ranges from authentic Middle Eastern cuisine at Papa Marco's Grill & Kabob to classic Italian treats at Tina's Italian Bake Shop.

The housing market spans multiple price points across distinct neighborhoods. Single-family homes in Bonnie Brook have a median price of $305,000, while Downtown Waukegan's median price is $145,000. Shore Highlands and Fair Oaks Estates feature single-family homes with median prices of $295,000 and $286,000 respectively. The Greens at Midlane North has a median single-family home price of $265,800. One-bedroom condos throughout Waukegan have a median price of $85,000, while two-bedroom condos have a median price of $225,000.

Property taxes in Lake County stand at 2.68%, with Illinois state income tax at 4.95%. The combined sales tax rate is 8.89%. Commuters benefit from Metra's Union Pacific North Line to Chicago and access to Interstate 94. Top-rated schools include Libertyville High School and St. Patrick School. The Great Lakes Naval Training Center maintains a significant presence in the community.

Frequently Asked Questions

How much does it cost to rent a home in Waukegan, IL?
The median rent for a home in Waukegan, IL is $2,300 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Waukegan, IL?
To comfortably afford the median rent in Waukegan, IL, a household needs to earn roughly $92,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,300 per month in Waukegan, IL, renters typically need to show $6,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waukegan, IL?
In Waukegan, IL, the price-to-rent ratio is 8.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Waukegan, IL are best for renting a home?
The best neighborhood for renting in Waukegan, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include East Highland Park and Downtown Kenosha, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$2,300
Median Single Family Home Rent
$2,050
Median Townhouse Rent
$2,013
Median Condo Rent
$1,313
How to Rent a Home