Cheap Apartments for Rent near Knollwood, IL from $800 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in Knollwood.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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215 E Park Ave
1 to 2 Bedroom Apartments

215 E Park Ave

215 E Park AveLibertyville, IL 60048
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 13200 W Heiden Cir

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1 Bath Condo for Rent

Available Now

13200 W Heiden Cir, Unit 2209

13200 W Heiden Cir
Lake BluffIL60044
property at 207 W Park Ave

$2,150

2 Bedroom Rentals

Available Now

207 W Park Ave

LibertyvilleIL60048

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-50, Page 1 of 2

Knollwood, IL Local Guide

Cheapest Available Knollwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Knollwood, IL is a 1 Bed unit found at LITTLE FORT APARTMENTS LLC in the Waukegan Downtown neighborhood priced from $1,050. Briarwood Apartments in the Pleasant Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Knollwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
LITTLE FORT APARTMENTS LLCLITTLE FORT APARTMENTS LLC - 4111BR,1BA$1,050
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Madison West Apartments1 BR / 1 BA1BR,1BA$1,250
Kings Court Apartments1 bd1BR,1BA$1,250
Heritage Green1BR/1BA1BR,1BA$1,250
10 N Sheridan Rd.1BR/1.0BA1BR,1BA$1,350
705 S Milwaukee AveStudioStudio,1BA$1,400
Imperial Tower ApartmentsThe Genessee2BR,1BA$1,437
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485

Best Value Apartments for Rent in Knollwood, IL and Nearby

As of August 17, 2026 the best value apartment in the Knollwood area is the $1.99 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,711. The second greatest value Knollwood apartment is the Waiting List Model at Northline Apartments starting at $1,990 with a $1.52 price per square foot in the Downtown Libertyville neighborhood. Here is today’s list of the best values for Knollwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Morris Station2BR/2.0BA2BR,2BA$1.99
Northline ApartmentsWaiting List2BR,2BA$1.52
Landings at Amhurst LakeDrake2BR,2BA$1.95
Kings Court Apartments1 bd1BR,1BA$1.56
Imperial Tower ApartmentsThe Genessee2BR,1BA$1.82
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Madison West Apartments1 BR / 1 BA1BR,1BA$1.67
Heritage Green1BR/1BA1BR,1BA$1.67
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$2.09
Briarwood Apartments1BR/1BA1BR,1BA$1.72

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Knollwood, IL Rentals by Map

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Frequently Asked Questions about Cheap Knollwood Apartments

What is the Cheapest Studio apartment in Knollwood?

Currently the most affordable Cheap Studio Apartment in Knollwood is at 705 S Milwaukee Ave listed at $1,400.

How much is rent for a Cheap One Bedroom Knollwood Apartment?

The lowest price for a Cheap One Bedroom Knollwood Apartment is $1,050 at LITTLE FORT APARTMENTS LLC.

What is the lowest price for a Cheap Two Bedroom Knollwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Knollwood is starting from $1,400 at Briarwood Apartments.

What is the most affordable Knollwood Three Bedroom Apartment?

The best deal on a cheap Knollwood Three Bedroom Apartment rental is at 705 S Milwaukee Ave and starts from $2,400.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.