Average Rent in Waukegan, IL

Home » IL » Waukegan

Current Versus Historical Waukegan, IL Rents

Waukegan rentals average $1,190 for a 1-bedroom rental to $3,625 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $22 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $111 (14.55%) year-over-year from $764 to $875. 1-bedroom rentals prices have increased by $155 (14.98%) year-over-year from $1,035 to $1,190. 2-bedroom rentals prices have increased by $39 (2.51%) year-over-year from $1,561 to $1,600. 3-bedroom rentals prices have decreased by $125 (-5.62%) year-over-year from $2,225 to $2,100. 4-bedroom rentals prices have decreased by $1,258 (-25.77%) year-over-year from $4,883 to $3,625. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 4.08% this month. 2-bedroom rents have gone down by 3.52% this month. 3-bedroom rents have gone up by 4.65% this month. 4-bedroom rents have gone up by 34.26% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$31.73	$1,190	$1,035 (14.98%)	$867 (37.31%)
2 BR	$20.48	$1,600	$1,561 (2.51%)	$1,267 (26.32%)
3 BR	$21.23	$2,100	$2,225 (-5.62%)	$1,657 (26.76%)
4+ BR	$17.60	$3,625	$4,883 (-25.77%)	$1,893 (91.51%)

Historical Rents in Waukegan, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Waukegan

There are a total of 1 cities nearby Waukegan. The average rent in Waukegan is currently $2,565 per month. Our records show that Vernon Hills, IL, with an average rent of $2,565, is the most affordable city nearby. In contrast, the most expensive city near Waukegan, IL is Vernon Hills, IL. Monthly rents here are on average $2,565 per month.

Let's compare Waukegan, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 87.31% more affordable. Two bedrooms in Waukegan, IL are about 40.32% more affordable. Finally, rent for three bedrooms are about 86.11% more affordable. Want more information? Check out the top 1 cities near Waukegan, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Vernon Hills, IL	$2,004	$2,229	$2,175	$2,565

Top Neighborhoods Near Waukegan

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Waukegan

There are a total of 2 counties located by Waukegan, IL. Some of these counties include Libertyville, IL and Vernon, IL. The average rent for rentals in these counties is $2,775. That's roughly around $23 per sqft. The county that is the most affordable is Libertyville, IL. Its average rent per month is $2,350. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Waukegan, IL.

In comparison, rent for one bedroom listings in Waukegan, IL is 37.39% more affordable than other counties nearby. Finally, rent for two bedrooms in Waukegan, IL is 41.94% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Libertyville, IL	$1,777	$1,795	$2,150	$2,350
Vernon, IL	N/A	$1,475	$2,250	$3,200

Top Zipcodes Near Waukegan

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Waukegan Average Rents

What is the average rent price in Waukegan, IL?

The average monthly rental price for Waukegan, IL apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Waukegan, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Waukegan, IL.

How much is a one bedroom apartment in Waukegan, IL?

The average monthly rental price for one bedroom apartments is $1,190 and an average price per square feet of $31.73. There are a total of 12 one bedroom apartment listings currently available for rent in Waukegan.

How much is a two bedroom apartment in Waukegan, IL?

The average monthly rental price for two bedroom apartments is $1,550 and an average price per square feet of $20.48. There are a total of 7 two bedroom apartment listings currently available for rent in Waukegan.

How have rent prices in Waukegan, IL changed this year?

Rent prices for rentals in Waukegan, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.15%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.03%, three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in Waukegan, IL?

A reasonable rent price in Waukegan, IL is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.