Apartments for Rent in Knollwood, Lake County, IL

Prices and availability in Knollwood, Lake County, IL were last updated on 12 Sep 2026.

The best apartments in Knollwood, Lake County, IL are: OAKS OF LAKE BLUFF and TERRACE OAKS RE, LLC.

The average rent in Knollwood, Lake County, IL is $1,643.

The price range for a studio apartment in Knollwood, Lake County, IL is between $1,425 and $1,625.

The price range for a 1-bedroom apartment in Knollwood, Lake County, IL is between $1,375 and $1,450.

The price range for a 2-bedroom apartment in Knollwood, Lake County, IL is between $1,495 and $1,650.

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 average age of rental buildings in Knollwood is 35 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.