Gurnee Glen Apartments
1 Woodlake Blvd,
Gurnee, IL 60031
1-2 Beds | $1,746 - $2,430
Rental Market Trends in Waukegan, IL
What is the average rent in Waukegan, IL?
$1,120/month
Average Rent
672 Sq Ft
Average Apartment Size
+4.5%
Increase in the Last Year
As of July 2025, the average rent in Waukegan, IL is $1,120 per month. This is 32% lower than the national average rent of $1,637/month, making renting in Waukegan more affordable than most cities in the US. When you rent an apartment in Waukegan, you can expect to pay about $1,081 per month for a studio, $1,120 for a one-bedroom apartment, and around $1,399 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,500 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waukegan, IL?
In the past year, rent has increased by 4.5%, which averages out to $51 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Waukegan, IL
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
45%
$700 - $1,000/month
45%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waukegan?
Based on current rent prices, Downtown Waukegan, Lakehurst and Windwood are the most affordable neighborhoods in Waukegan.
Neighborhood
Average Rent
Average Sq Ft
Which Waukegan neighborhoods have the most rentals available?
The neighborhoods in Waukegan with the most apartments available are Downtown Waukegan, Lakehurst and Windwood .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waukegan, IL?
Because the average rent in Waukegan is $1,120, you’ll want to make about $3,733 per month or $44,796 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Waukegan, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Waukegan, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$913/month
-
One Bedroom
$1,015/month
-
Two Bedroom
$1,304/month
-
Three Bedroom
$1,552/month
-
Nearby City Rent Trends
Apartment communities in Waukegan we think you'll love
Property Management Companies in Waukegan, IL
Monarch Investment and Management Group
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306
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74,563
Units
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141
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4 Communities in Waukegan
BH
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337
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95,351
Units
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198
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3 Communities in Waukegan
A.R. Building Company
-
60
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9,714
Units
-
47
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1 Community in Waukegan
Highlands Vista Group Management LLC
-
42
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6,820
Units
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32
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1 Community in Waukegan
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.