Apartments for Rent in Knollwood, Lake County, IL

Prices and availability in Knollwood, Lake County, IL were last updated on 13 Jul 2026.

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

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

In Knollwood 22% of the housing is rented out compared to 78% of homes are owned, according to the most recent Census Bureau estimates. none of Knollwood's apartments are found in large buildings of 50 units or more, 76% are located in smaller apartment complexes with less than 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.