Last updated
Average Rent in Waukegan 60031 & Rent Trends
Rent prices and market trends across 1 apartment community in Waukegan 60031, Waukegan, IL. Updated daily.
Market Average
$1,641/mo
Lowest Available
$1,605/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
4
available now
Waukegan 60031 vs Waukegan, IL Average
Waukegan 60031 is cheaper the Waukegan, IL average by $132/mo (7%). The citywide average is $1,773/mo across all neighborhoods.
Is Rent Going Up or Down in Waukegan 60031?
As of June 2026, the average rent in Waukegan 60031 is $1,641 per month across 1 apartment community and 4 available units.
The most affordable option is The Preserve at Osprey Lake Apartments starting at $1,605/mo. By unit type, a studio averages $1,641/mo.
Prices range from $1,605 to $1,659 per month. The most common price point is the $1,600 range, where 4 units are currently listed.
Rent by Bedroom Type in Waukegan 60031
Rent Prices by Apartment in Waukegan 60031
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Preserve at Osprey Lake Apartments | $1,605/mo | $1,641/mo | 4 | 4.2 |
Google Search Trends for Waukegan 60031 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Waukegan 60031
What is the average rent in Waukegan 60031?
Is rent going up or down in Waukegan 60031?
What is the cheapest apartment in Waukegan 60031?
How many apartments are available in Waukegan 60031?
What salary do I need to live comfortably in Waukegan 60031?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$66,000/year
Based on the 30 percent rule, using our tracked average rent of $1,641/mo.
Comfortable income
$79,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,605/mo), you need to earn at least $64,000/year.
Cost of living in Waukegan 60031
We only have live rent data for Waukegan 60031 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,641 |
| Estimated total | $1,641/mo |
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 are refreshed annually.
Explore Waukegan 60031 Apartments
Browse all 1 communities with daily-updated pricing and availability.