Last updated
Average Rent in Waukegan, IL & Rent Trends
Rent prices and market trends across 2 apartment communities in Waukegan, IL. Updated daily.
Market Average
$1,366/mo
Lowest Available
$1,126/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
5
available now
Price Cuts This Week in Waukegan, IL
10 listed units across 2 buildings offering studio units in Waukegan, IL dropped their asking rent in the past 7 days, an average cut of $366/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Imperial Tower Apartments | Unit 12 | $2,104 | $1,157 | $947 |
| Imperial Tower Apartments | Unit 10 | $2,085 | $1,185 | $900 |
| Imperial Tower Apartments | Unit 8 | $1,660 | $1,126 | $534 |
| Imperial Tower Apartments | Unit 11 | $1,670 | $1,351 | $319 |
| Imperial Tower Apartments | Unit 18 | $1,596 | $1,330 | $266 |
| Imperial Tower Apartments | Unit 16 | $1,621 | $1,393 | $228 |
| Imperial Tower Apartments | Unit 9 | $1,511 | $1,285 | $226 |
| Imperial Tower Apartments | Unit 14 | $1,330 | $1,238 | $92 |
Rent by Neighborhood in Waukegan, IL
Compare average rent across Waukegan, IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Gurnee 60031 | $1,956 | ▲ $65 | $1,495 | 2 | 44 |
| Waukegan 60087 | $1,811 | ▲ $29 | $1,405 | 2 | 15 |
| Waukegan 60085 | $1,440 | ▲ $86 | $900 | 4 | 32 |
Is Rent Going Up or Down in Waukegan, IL?
As of September 2026, the average rent in Waukegan, IL is $1,366 per month across 2 apartment communities and 5 available units.
The most affordable option is Imperial Tower Apartments starting at $1,126/mo. By unit type, a studio averages $1,366/mo.
Prices range from $1,126 to $1,530 per month. The most common price point is the $1,400 range, where 3 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Waukegan, IL
Rent Prices by Apartment in Waukegan, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Imperial Tower Apartments | $1,126/mo | $1,156/mo | 2 | 3.9 |
| The Preserve at Osprey Lake Apartments | $1,495/mo | $1,507/mo | 3 | 4.2 |
Frequently Asked Questions About Rent in Waukegan, IL
What is the average rent in Waukegan, IL?
Is rent going up or down in Waukegan, IL?
What is the cheapest apartment in Waukegan, IL?
How many apartments are available in Waukegan, IL?
What salary do I need to live comfortably in Waukegan, IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$55,000/year
Based on the 30 percent rule, using our tracked average rent of $1,366/mo.
Comfortable income
$66,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,126/mo), you need to earn at least $45,000/year.
Median household income in Waukegan, IL is $70,578 , about 8% above the comfortable-living threshold.
Cost of living in Waukegan, IL
Overall prices in Waukegan, IL runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Waukegan, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,366 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $4,987/mo |
Population
88,919
Median household income
$70,578
Census median rent
$1,163/mo
Census rent burden
27.7%
Median age
34.6
Mean commute
26 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Waukegan, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Waukegan, IL Apartments
Browse all 2 communities with daily-updated pricing and availability.