Cheap Homes for Rent in Knollwood, IL from $1,500 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 Kings Court Apartments in the North Waukegan neighborhood priced from $1,150. Heritage Green in the North Waukegan neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Knollwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kings Court Apartments1 bd1BR,1BA$1,150
Heritage Green1BR/1BA1BR,1BA$1,150
Lakeside Village Apartments1 BED / 1.0 BATH, 760 SQ FT - RENOVATED1BR,1BA$1,495

Best Value Apartments for Rent in Knollwood, IL and Nearby

As of June 07, 2025 the best value apartment in the Knollwood area is the $2.46 price per square foot M Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $5,200. The second greatest value Knollwood apartment is the 3 Bedroom / 2 Bathroom Model at Eleven5 Lake starting at $3,745 with a $2.20 price per square foot in the Central Vernon Hills 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.
The Residences at Amberley WoodsM2BR,2.5BA$2.46
Eleven5 Lake3 Bedroom / 2 Bathroom3BR,2BA$2.20
Morris Station2BR/2.0BA2BR,2BA$1.84
Deer Valley ApartmentsTwo BR Premium Renovation2BR,2BA$2.44
The MilTon Luxury ApartmentsA11BR,1BA$2.53
The Lakes at Fountain Square Apartment HomesOntario2BR,1BA$2.01
Kings Court Apartments1 bd1BR,1BA$1.44
Lakeside Village Apartments1 BED / 1.0 BATH, 760 SQ FT - RENOVATED1BR,1BA$1.97
Heritage Green1BR/1BA1BR,1BA$1.53
Cardinal Square - Building D2CSD2 - x12 TierStudio ,1BA$2.56

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Knollwood

What type of rentals are currently available in Knollwood?

There are currently 58 Apartments for Rent in Knollwood, IL with pricing that ranges from $950 to $16,452. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Knollwood ranging from $1,500 to $19,500.

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 $1,500 to $19,500 with an average monthly rent of $6,740.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.