Rent in Waukegan, IL
Across Waukegan's 3 ZIP codes, a 2-bedroom typically rents for about $1,605 a month, with figures from $1,172–$2,030. The highest typical rent is in 60079 ($2,030) and the lowest in 60085 ($1,446). Owner-occupied homes in Lake County pay about 2.58% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,412 | $954–$1,690 | 3 |
| 1 bed | $1,332 | $992–$1,800 | 3 |
| 2 beds | $1,605 | $1,172–$2,030 | 3 |
| 3 beds | $2,025 | $1,391–$2,610 | 3 |
| 4 beds | $2,285 | $1,660–$2,980 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Waukegan ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Waukegan, IL?
- About $1,605 a month: the median of the typical rents in 3 ZIP codes, which range from $1,172–$2,030. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Waukegan, IL?
- About $1,332 a month: the median of the typical rents in 3 ZIP codes, which range from $992–$1,800. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Waukegan, IL?
- About $2,025 a month: the median of the typical rents in 3 ZIP codes, which range from $1,391–$2,610. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Waukegan, IL?
- About $1,412 a month: the median of the typical rents in 3 ZIP codes, which range from $954–$1,690. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Waukegan, IL?
- About $2,285 a month: the median of the typical rents in 3 ZIP codes, which range from $1,660–$2,980. Figures are gross rent (rent plus tenant-paid utilities).
- Which Waukegan ZIP code has the highest rent?
- For a 2-bedroom, 60079 has the highest typical rent at $2,030 a month, and 60085 the lowest at $1,446.
- What is the property tax rate in Waukegan, IL?
- Owner-occupied homes in Lake County pay a typical 2.58% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Waukegan rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).