
Cheap Homes for Rent in Knollwood, IL from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Knollwood.


1503 Kemble Ave
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.

3341 Beacon St

3318 Berwyn Ave
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.

1600 Lincoln St
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 | $2,912 | $2,095 | $5,500 |
| Knollwood 3 Bedroom Homes for Rent | $3,290 | $1,255 | $5,900 |
| Knollwood 4 Bedroom Homes for Rent | $5,980 | $4,400 | $7,500 |
| Knollwood 5 Bedroom Homes for Rent | $8,250 | $4,500 | $10,000+ |
Browse Top Homes for Rent in Knollwood
Explore Knollwood
Knollwood, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Knollwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Knollwood, IL is a 2 Beds unit found at Brookside Knoll in the Pleasant Hill neighborhood priced from $975. Imperial Tower Apartments in the Norshore Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,062. Here is today’s list of the most affordable Knollwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookside Knoll | Two Bedroom | 2BR,1BA | $975 |
| Imperial Tower Apartments | The Michigan | Studio,1BA | $1,062 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Knollwood, IL and Nearby
As of February 18, 2026 the best value apartment in the Knollwood area is the $2.00 price per square foot 3 Bedroom / 2 Bathroom Model at Eleven5 Lake in the in the Downtown Libertyville neighborhood starting from $3,400. The second greatest value Knollwood apartment is the 2BR/1.0BA Model at Morris Station starting at $2,215 with a $2.11 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eleven5 Lake | 3 Bedroom / 2 Bathroom | 3BR,2BA | $2.00 |
| Morris Station | 2BR/1.0BA | 2BR,1BA | $2.11 |
| Brookside Knoll | Two Bedroom | 2BR,1BA | $1.14 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 760 SQ FT - RENOVATED | 1BR,1BA | $2.02 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.70 |
| Terrace Oaks Apartments | 1 Bedroom | 1BR,1BA | $2.07 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1.72 |
| The Lakes at Fountain Square Apartment Homes | Michigan | 1BR,1BA | $2.03 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Knollwood, IL Rentals by Map
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 60 Apartments for Rent in Knollwood, IL with pricing that ranges from $750 to $16,202. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Knollwood ranging from $1,255 to $12,000.
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 $1,255 to $12,000 with an average monthly rent of $4,419.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.