
Cheap Homes for Rent in Knoxville, AL from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Knoxville.


3008 7th St

4017 68th Ave

2816 21st St
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.

3422 31st St E

2744 Sumner Pl

403 27th St

1947 Fosters Ferry Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Knoxville, AL Local Guide

How much does it cost to rent a home in Knoxville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Knoxville 2 Bedroom Homes for Rent | $1,400 | $900 | $2,150 |
| Knoxville 3 Bedroom Homes for Rent | $1,942 | $975 | $2,900 |
| Knoxville 4 Bedroom Homes for Rent | $1,837 | $1,200 | $2,500 |
| Knoxville 5 Bedroom Homes for Rent | $8,000 | $8,000 | $8,000 |
Browse Top Homes for Rent in Knoxville
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Knoxville, AL Local Guide
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Cheapest Available Knoxville Apartments for Rent and Nearby
 The cheapest available apartment rental in Knoxville, AL is a Studio unit found at Flex Studio Apartments in the Skyland McFarland neighborhood priced from $495. Cobblestone Court in the University of Alabama neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here is today’s list of the most affordable Knoxville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flex Studio Apartments | 1BR/1.0BA | Studio,1BA | $495 |
| Cobblestone Court | Hardwood LVT Flooring Unit | Studio,1BA | $630 |
| Forest Lake Apartments | Small One BR | 1BR,1BA | $699 |
Best Value Apartments for Rent in Knoxville, AL and Nearby
As of February 27, 2026 the best value apartment in the Knoxville area is the $0.76 price per square foot E1 Model at My House on 13th in the in the University of Alabama neighborhood starting from $1,535. The second greatest value Knoxville apartment is the Metalworks Condo Model at Metalworks Condos starting at $925 with a $0.51 price per square foot in the Northport North of River neighborhood. Here is today’s list of the best values for Knoxville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| My House on 13th | E1 | 5BR,5BA | $0.76 |
| Metalworks Condos | Metalworks Condo | 3BR,4BA | $0.51 |
| Union Tuscaloosa | 5x5 Penthouse | 5BR,5BA | $0.91 |
| The Glens | Three Bedroom | 3BR,2BA | $1.10 |
| High Country Apartments | 3Bed - 2Bath | 3BR,2BA | $1.02 |
| Dogwood Lane Apartments | 2 BR 1 BA DPLX | 2BR,1BA | $1.00 |
| Hallmark at Garden Parkway | Two Bedroom | 2BR,2BA | $1.04 |
| Copper Creek | 2Bed + 1.5 Bath Townhouse Reno | 2BR,1.5BA | $0.93 |
| Canterbury Apartment Homes | Two Bed - One and Half Bath | 2BR,1.5BA | $1.03 |
| Valley Square Apartments | 1 BR 1 BA | 1BR,1BA | $1.04 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Knoxville
What type of rentals are currently available in Knoxville?
There are currently 44 Apartments for Rent in Knoxville, AL with pricing that ranges from $465 to $2,739. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Knoxville ranging from $550 to $8,000.
What is the current price range for Rental Homes in Knoxville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Knoxville ranges from $550 to $8,000 with an average monthly rent of $2,745.
How much are larger Three and Four Bedroom Rentals in Knoxville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Knoxville range from $849 to $2,655, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $739.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.