
Cheap Homes for Rent in Knollwood, IL from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Knollwood.


1915 Seymour Ave

2318 Washington St

930 Taylor Dr
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1108 Lincoln St

2030 Wright Ave

551 S M.L.K. Jr Ave

1601 11th St
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

How much does it cost to rent a home in Knollwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Knollwood 2 Bedroom Homes for Rent | $2,561 | $1,500 | $4,800 |
Knollwood 3 Bedroom Homes for Rent | $3,612 | $1,660 | $7,800 |
Knollwood 4 Bedroom Homes for Rent | $5,470 | $3,250 | $8,500 |
Knollwood 5 Bedroom Homes for Rent | $7,600 | $3,800 | $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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
Heritage Green | 1BR/1BA | 1BR,1BA | $1,150 |
Lakeside Village Apartments | 1 BED / 1.0 BATH, 760 SQ FT - RENOVATED | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Residences at Amberley Woods | M | 2BR,2.5BA | $2.46 |
Eleven5 Lake | 3 Bedroom / 2 Bathroom | 3BR,2BA | $2.20 |
Morris Station | 2BR/2.0BA | 2BR,2BA | $1.84 |
Deer Valley Apartments | Two BR Premium Renovation | 2BR,2BA | $2.44 |
The MilTon Luxury Apartments | A1 | 1BR,1BA | $2.53 |
The Lakes at Fountain Square Apartment Homes | Ontario | 2BR,1BA | $2.01 |
Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
Lakeside Village Apartments | 1 BED / 1.0 BATH, 760 SQ FT - RENOVATED | 1BR,1BA | $1.97 |
Heritage Green | 1BR/1BA | 1BR,1BA | $1.53 |
Cardinal Square - Building D2 | CSD2 - x12 Tier | Studio ,1BA | $2.56 |
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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.

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.

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.

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.

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.