Apartments for Rent in Waukegan, IL

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What to Know About

Life in Waukegan & Beyond

Waukegan shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Waukegan, IL

As of July 2025, Waukegan's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waukegan's average rent is 15.4% ($269) lower than the Illinois average of $1,743 and 17.0% ($301) lower than the U.S. average of $1,775.

Average Rent
$1,474
Monthly ChangeMonth Over Month Change
Increased4.7% ($66)
Yearly ChangeYear Over Year Change
Increased7.1% ($98)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,323 Increased5.7% ($71) Increased17.5% ($197)
2 Beds $1,511 Decreased0.5% ($8) Increased0.1% ($1)
3 Beds $1,981 Increased15.7% ($269) Increased18.9% ($315)
Nearby Cities Average Rent Avg. Rent vs. WaukeganAverage Rent vs. Waukegan Avg. Days on MarketAverage Days on Market
Gurnee $1,821 Increased23.5% ($347) 30 days
Zion $1,251 Decreased15.1% ($223) 28 days
Lake Bluff $2,077 Increased40.9% ($603) 27 days
Libertyville $1,610 Increased9.2% ($136) 28 days
Lake Forest $5,489 Increased272.4% ($4015) 25 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waukegan Rental Market FAQs

Explore rental prices, market trends, and availability in Waukegan, IL.

The average rent in Waukegan, IL is $1,474 per month.
Apartments in Waukegan typically rent for between $926 and $2,575 per month, with an average of $1,474 per month.
In Waukegan, the average rent for a 1-bedroom apartment is $1,323 per month, for a 2-bedroom apartment, $1,511 per month, and a 3-bedroom apartment is $1,981 per month.
The average rent in Waukegan is 17% ($301) lower than the national average of $1,775 per month.
The average rent in Waukegan has increased by 4.7% ($66) in the last month and increased by 7.1% ($98) over the past year.
The rental market in Waukegan, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Waukegan, IL, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 19 rental properties available in Waukegan, IL.
Based on the current averages, a household would need an annual income of $60,440 to comfortably afford a 2-bedroom apartment in Waukegan.
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