Cheap Homes for Rent in Knollwood, IL from $1,600 (6 Rentals)

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

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.

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.

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 Norshore Park neighborhood priced from $1,150. 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
Kings Court Apartments1 bd1BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Madison West Apartment1 BR / 1 BA1BR,1BA$1,250

Best Value Apartments for Rent in Knollwood, IL and Nearby

As of May 19, 2026 the best value apartment in the Knollwood area is the $0.84 price per square foot 13744 Rockland Rd Model at 13744 Rockland Rd, Unit Apt in the in the Downtown Lake Forest neighborhood starting from $1,600. The second greatest value Knollwood apartment is the 2BR/2.0BA Model at Morris Station starting at $2,422 with a $1.78 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.
13744 Rockland Rd, Unit Apt13744 Rockland Rd2BR,1BA$0.84
Morris Station2BR/2.0BA2BR,2BA$1.78
Northline ApartmentsWaiting List2BR,2BA$1.52
10 N Sheridan Rd.2BR/1.0BA2BR,1BA$1.90
The Lakes at Fountain Square Apartment HomesOntario2BR,1BA$1.72
Kings Court Apartments1 bd1BR,1BA$1.44
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Madison West Apartment1 BR / 1 BA1BR,1BA$1.67
Heritage Green1BR/1BA1BR,1BA$1.67
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Knollwood

What type of rentals are currently available in Knollwood?

There are currently 61 Apartments for Rent in Knollwood, IL with pricing that ranges from $1,024 to $9,662. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Knollwood ranging from $1,600 to $10,000.

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 $1,600 to $10,000 with an average monthly rent of $3,377.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.