
Cheap Homes for Rent near Knollwood, IL from $1,395 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Knollwood.


711 S Milwaukee Ave

1801 Victoria Ave

826 N Milwaukee Ave

218 Washington St

520 N Milwaukee Ave

2506 24th Pl
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.

13200 W Heiden Cir, Unit 2209

4532 Quill Ln

131 Newberry Ave

207 W Park Ave

4424 W Brownstone Way

2 Echo Ct

120 E Winchester Rd
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.
Knollwood, IL Local Guide

How much does it cost to rent a home in Knollwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Knollwood 2 Bedroom Homes for Rent | $2,401 | $1,495 | $3,800 |
| Knollwood 3 Bedroom Homes for Rent | $3,434 | $1,795 | $6,000 |
| Knollwood 4 Bedroom Homes for Rent | $6,425 | $3,250 | $10,000+ |
| Knollwood 5 Bedroom Homes for Rent | $10,750 | $6,500 | $10,000+ |
| Knollwood 7 Bedroom Homes for Rent | $25,000 | $10,000 | $10,000+ |
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Knollwood, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LITTLE FORT APARTMENTS LLC | LITTLE FORT APARTMENTS LLC - 411 | 1BR,1BA | $1,050 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
| Madison West Apartments | 1 BR / 1 BA | 1BR,1BA | $1,250 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,250 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Knollwood, IL and Nearby
As of August 23, 2026 the best value apartment in the Knollwood area is the $1.86 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,525. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.86 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| Landings at Amhurst Lake | Heron | 2BR,2BA | $1.96 |
| The Lakes at Fountain Square Apartment Homes | Ontario | 2BR,1BA | $1.90 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.56 |
| Madison West Apartments | 1 BR / 1 BA | 1BR,1BA | $1.67 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $2.09 |
| Briarwood Apartments | 1BR/1BA | 1BR,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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Knollwood, IL
Frequently Asked Questions about Knollwood
What type of rentals are currently available in Knollwood?
There are currently 62 Apartments for Rent in Knollwood, IL with pricing that ranges from $1,140 to $10,255. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Knollwood ranging from $1,395 to $25,000.
What is the current price range for Rental Homes in Knollwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Knollwood ranges from $1,395 to $25,000 with an average monthly rent of $3,600.
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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.

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.