Cheap Homes for Rent in Knoxville, AL from $500 (6 Rentals)

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Knoxville, AL Local Guide

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. Forest Lake Apartments in the West Tuscaloosa neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Knoxville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Flex Studio Apartments1BR/1.0BAStudio,1BA$495
Forest Lake ApartmentsSmall One BR1BR,1BA$699
The Oakley1x11BR,1BA$700

Best Value Apartments for Rent in Knoxville, AL and Nearby

As of November 14, 2025 the best value apartment in the Knoxville area is the $0.75 price per square foot E1 Model at My House on 13th in the in the University of Alabama neighborhood starting from $1,515. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
My House on 13thE15BR,5BA$0.75
Metalworks CondosMetalworks Condo3BR,4BA$0.51
Union Tuscaloosa5x5 Penthouse5BR,5BA$0.91
Magnolia, A Prosper Community3x3 Flat3BR,3BA$1.05
Hallmark at Garden ParkwayThree Bedroom3BR,2BA$1.00
Copper Creek2Bed + 1.5 Bath Townhouse Reno2BR,1.5BA$0.93
High Country Apartments2Bed - 1Bath2BR,1BA$0.99
Canterbury Apartment HomesTwo Bed - One and Half Bath2BR,1.5BA$1.03
Valley Square Apartments1 BR 1 BA1BR,1BA$1.02
The Oakley1x11BR,1BA$1.13

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Frequently Asked Questions about Knoxville

What type of rentals are currently available in Knoxville?

There are currently 43 Apartments for Rent in Knoxville, AL with pricing that ranges from $465 to $2,276. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Knoxville ranging from $525 to $8,500.

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 $525 to $8,500 with an average monthly rent of $2,239.

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 $1,813, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $739.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.