Rentometer, Inc. | Data as of 10/22/2025
Knollwood offers a relaxed, suburban feel while remaining well‑connected to the wider Chicago metropolitan area. Residents enjoy easy access to the Metra Union Pacific/North Line, making daily commutes to downtown Chicago straightforward and convenient. The community is nestled among scenic lakefront neighborhoods and lush forest preserves, providing abundant opportunities for outdoor recreation, from biking along the Lake County Trail to picnicking in the nearby Shore Path. Local attractions such as the historic Knollwood Club and the vibrant downtown of neighboring Lake Forest add cultural and dining options that enhance the quality of life for renters.
The rental market in Knollwood reflects a blend of classic single‑family homes and modern apartment communities. Two‑bedroom apartments are particularly popular, with rents typically situated in the $1500 range, offering a competitive alternative to neighboring North Shore locales. These units often feature updated finishes, in‑unit laundry, and convenient access to on‑site parking, catering to professionals, small families, and retirees alike. For those seeking more space, the limited selection of houses provides a traditional suburban living experience with private yards and larger floor plans.
Overall, Knollwood’s rental landscape is characterized by its peaceful atmosphere, strong community vibe, and proximity to both natural amenities and urban conveniences. Prospective renters will find a balanced mix of housing options that suit a variety of lifestyles, all set against the backdrop of Lake County’s renowned scenery and the easy connectivity to Chicago’s bustling economic hub.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,498 | $1,495 | $1,450 - $1,550 | $1,450 - $1,550 |
In the current period, the average rent in Knollwood was
$1,498 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.