How much does it cost to rent at The Lakes at Fountain Square Apartment Homes?

Rent at The Lakes at Fountain Square Apartment Homes in Waukegan, IL ranges from $1,471 to $2,329 per month as of September 22, 2026.

What is the average 1 bed rent at The Lakes at Fountain Square Apartment Homes?

The average 1 bed apartment at The Lakes at Fountain Square Apartment Homes costs $1,471/month, starting from $1,471.

What is the average 2 bed rent at The Lakes at Fountain Square Apartment Homes?

The average 2 bed apartment at The Lakes at Fountain Square Apartment Homes costs $1,732/month, starting from $1,597.

What is the average 3 bed rent at The Lakes at Fountain Square Apartment Homes?

The average 3 bed apartment at The Lakes at Fountain Square Apartment Homes costs $2,329/month, starting from $2,329.

Is The Lakes at Fountain Square Apartment Homes a good apartment complex?

The Lakes at Fountain Square Apartment Homes has a 4.1-star rating on Google based on 286 reviews.

Updated September 22, 2026 at 3:10 p.m. CT

The Lakes at Fountain Square Apartment Homes

500 Lakehurst Rd, Waukegan, IL 60085, USA

4.1 (286 reviews) Official Website

Live pricing, refreshed September 22, 2026 at 3:10 p.m. CT

Units Listed

$1,471

Starting at

$1,774

Average

$2,329

Highest

$2.02

Per Sq Ft

How does this compare? View Waukegan 60085 rent trends

Beds

Pricing by Bedroom

1 Bed

$1,471

from $1,471 · 1 units

~680 sqft avg

2 Bed

$1,732

from $1,597 · 6 units

~880 sqft avg

3 Bed

$2,329

from $2,329 · 1 units

~1,080 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (13)

Largest 8 movers of 13

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: stated by the property itself
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$1.2M

$14M annual run rate

Est. Occupancy

99%

of about 704 units (reported building size)

Effective Rent on New Leases

$1,695

vs $1,774 current asking ($79 negotiation gap)

Recent Lease Activity

55 units tracked; 47 assumed leased, 8 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Moderate availability

3 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Waukegan 60085

Neighborhood

BLI Properties

$900 Imperial Tower Apartments

$1,126 Fox Crest Apartments

$1,215

The Lakes at Fountain Square Apartment Homes

$1,471

Comparing 4 apartments in Waukegan 60085. Click any bar to view that building.

See Waukegan 60085 rent trends on the Waukegan, IL map Explore Waukegan, IL on the interactive map

Available Units

Sort

8 units

1 Bed / 1 Bath Michigan

$1,471/mo

680 ft² · $2.16/ft² · #Michigan

2 Bed / 1 Bath Ontario

$1,597/mo

880 ft² · $1.81/ft² · #5851L

Down $84 since Sep 22 (was $1,681)

2 Bed / 1 Bath Ontario

$1,659/mo

880 ft² · $1.89/ft² · #5912L

2 Bed / 1 Bath Ontario

$1,669/mo

880 ft² · $1.90/ft² · #587GL

2 Bed / 1 Bath Ontario

$1,789/mo

880 ft² · $2.03/ft² · #575GL

2 Bed / 1 Bath Ontario

$1,808/mo

880 ft² · $2.05/ft² · #5112R

Down $115 since Sep 22 (was $1,923)

2 Bed / 1 Bath Ontario

$1,868/mo

880 ft² · $2.12/ft² · #5712R

3 Bed / 1.5 Bath Superior

$2,329/mo

1,080 ft² · $2.16/ft² · #Superior

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Details
Michigan	Michigan	1bd / 1ba	680	$1,471	$2.16	--
5851L	Ontario	2bd / 1ba	880	$1,597	$1.81	--	Down $84 since Sep 22
5912L	Ontario	2bd / 1ba	880	$1,659	$1.89	--
587GL	Ontario	2bd / 1ba	880	$1,669	$1.90	--
575GL	Ontario	2bd / 1ba	880	$1,789	$2.03	--
5112R	Ontario	2bd / 1ba	880	$1,808	$2.05	--	Down $115 since Sep 22
5712R	Ontario	2bd / 1ba	880	$1,868	$2.12	--
Superior	Superior	3bd / 1.5ba	1,080	$2,329	$2.16	--

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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Train activity

Trains close by

Freight line 1,723 ft away · 36 trains/day

26 daytime, 10 overnight
No road crossing within earshot. Horns unlikely.
Operator: SOO

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Waukegan, IL notes

No resident notes for this property yet.