Apartments for Rent in Knollwood, Lake County, IL

Prices and availability in Knollwood, Lake County, IL were last updated on 7 Jun 2026.

The best apartment in Knollwood, Lake County, IL is: 501-04 Basil Rd.

The average rent in Knollwood, Lake County, IL is $1,659.

In Knollwood, 22% of the residents are renting compared to 78% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Knollwood's rentals, 76% are small-scale complexes with under 50 units, and 24% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Knollwood are about 33 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Knollwood come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 53% of the total apartments in the city, while 2-bedroom floorplans represent around 47% of all rentals in Knollwood. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.