Waukegan City, IL Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Waukegan City is $1,415, a 4.53% increase compared to the previous year, when the average rent was $1,354.
Studio Apartments at $1,002 offer the most budget-friendly option with 474 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 715 square feet for $1,249, balancing privacy and affordability.
Two-beedroom units at $1,538 offer 940 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,244 sq ft) for $1,842, suitable for larger households.
Average rent in Waukegan City, IL
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,415 | 845 sq. ft. |
| Studio | $1,002 | 474 sq. ft. |
| 1 Bed | $1,249 | 715 sq. ft. |
| 2 Beds | $1,538 | 940 sq. ft. |
| 3 Beds | $1,842 | 1,244 sq. ft. |
Waukegan City, IL rent trends
Rental prices in Waukegan City, IL have increased by 4.53% over the past year. The average rent moved from $1,354 to $1,415.
What's the typical rent budget in Waukegan City, IL?
The largest share of rentals in Waukegan City, IL (67%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Waukegan City, IL?
15,434 or 49% of the households in Waukegan City, IL are renter-occupied while 15,972 or 51% are owner-occupied.
How Waukegan City Compares to Other Cities
| City | Average Rent |
|---|---|
| Waukegan City | $1,415 |
| Chicago | $2,454 |
| Oak Park | $2,266 |
| Evanston | $2,598 |
| Naperville | $2,093 |
| Skokie | $2,149 |
| Aurora | $1,876 |
| Champaign | $1,685 |
| Dekalb | $1,105 |
| Peoria | $1,209 |
| Lombard | $1,989 |
| Waukegan | $1,372 |
| Kenosha, WI | $1,449 |
| Vernon Hills, IL | $2,402 |
| Arlington Heights, IL | $1,941 |
| Highland Park, IL | $3,014 |
| Grayslake, IL | $1,497 |
| Gurnee, IL | $1,781 |
| Libertyville, IL | $2,412 |
| Mundelein, IL | $1,896 |
| Wheeling, IL | $2,032 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Waukegan City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.