Cheap Apartments for Rent in Knoxville, TN from $400 (161 Rentals)

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Search the lowest-cost Apartments available for rent right now in Knoxville.

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.

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The Village Apartments
Rent Specials
$875 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,100
Total Monthly Price
$875 - $1,100
1 to 2 Bedroom Apartments Contact Us For Availability

The Village Apartments

5518 Peyton PlKnoxville, TN 37918
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Evergreen Terrace
$985 - $1,010
Total Monthly Price

Total Monthly Price

Base Rent
$965 - $990
Required Monthly Fees
$20
Total Monthly Price
$985 - $1,010
1 Bedroom Apartments Available Now

Evergreen Terrace

1119 Baker AveKnoxville, TN 37920
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Navigating the Rental Market: Tips for First-Time Renters

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Knoxville, TN Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Knoxville, TN

Pricing Updated: 02/19/2026

Current apartment rentals in the Knoxville, TN area range in price from $775 to $4,875 with an overall median price of $1,780. The three Knoxville neighborhoods with the lowest median rent pricing are East Knoxville at $935, Uptown Knoxville at $799, and Middlebrook Heights at $799. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Knoxville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
East Knoxville$1,338$93528
Uptown Knoxville$1,490$799567
Middlebrook Heights$1,499$799181
West View$1,507$799272
Fort Sanders$1,519$799152
Lonsdale$1,524$799250
Lakemoor Hills$1,549$85057
Lyons View$1,549$850158
Outer Southside$1,550$775563
South Knoxville$1,550$775563

Cheapest Available Knoxville Apartments for Rent

 

The cheapest available apartment rental in Knoxville, TN is a 2 Beds unit found at Tradition Knoxville in the West Knoxville neighborhood priced from $799. Society 865 in the West Knoxville neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $799. Here is today’s list of the most affordable Knoxville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tradition KnoxvilleSpence2BR,1BA$799
Society 8653SA - Sigma3BR,2BA$799
Cedar Ridge ApartmentsJunior ApartmentStudio,1BA$875
Windsor Court ApartmentsEdinboroStudio,1BA$879
16th Place ApartmentsOne Bedroom1BR,1BA$880
EmersonStudio BStudio,1BA$899
Live in Comfort at Evergreen Apartments in Knoxville!1BR/1.0BA1BR,1BA$925
The Park at Fountain CityA11BR,1BA$940
The Mark KnoxvilleE5B - 5x55BR,5BA$949
BouldercrestStudioStudio,1BA$950

Best Value Apartments for Rent in Knoxville, TN

As of February 19, 2026 the best value apartment in the Knoxville area is the $0.32 price per square foot 4 Bedroom Townhouse Model at Knox Ridge in the in the West Knoxville neighborhood starting from $999. The second greatest value Knoxville apartment is the 4 Bedroom, 4 Bath Model at Redpoint Knoxville starting at $1,069 with a $0.58 price per square foot in the West Knoxville 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.
Knox Ridge4 Bedroom Townhouse4BR,4BA$0.32
Redpoint Knoxville4 Bedroom, 4 Bath4BR,4BA$0.58
2705 Hodge Rd, Unit A2705 Hodge Rd2BR,2BA$1.06
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.89
Walker Springs ApartmentsAzalea2BR,2BA$1.09
Slate at 9014x2B4BR,2BA$1.04
Carriage Hill2 Bed 2 Bed, Large Garden2BR,2BA$1.12
Woodbury Crossing3 B Floor Plan3BR,2BA$1.13
Willow Creek Apartments1x11BR,1BA$1.00
Tradition KnoxvilleSpence2BR,1BA$1.07

Knoxville's College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting

Searching for student housing in Knoxville? Discover affordable rentals in neighborhoods near top colleges in Knoxville, TN.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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.

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Knoxville Overview

Nestled in the foothills of the Great Smoky Mountains, Knoxville retains its Appalachian heritage while welcoming a melting pot of modern tastes and global cultures. Whether you’re interested in renting apartments in Knoxville because you’ve heard about its designation as “America’s Most Romantic City,” because you can’t get enough of the champion Lady Vols, or to take advantage of its rich employment opportunities, Knoxville has a wealth of apartment choices in both the downtown and surrounding areas.

Why live in Knoxville, TN?

Along with the benefits of life in Knoxville apartments with its mild climate, sophisticated transit system and wealth of local media, colorful, cultural Knoxville draws residents from all parts of the country, live in its unique neighborhoods, riverfront benefits and Smoky Mountain flavor.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Knoxville, TN Rentals by Map

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See the most popular apartments and homes in Knoxville, TN

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Frequently Asked Questions about Cheap Knoxville Apartments

What is a cheap apartment in Knoxville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Knoxville is under $950.

What is the price of a cheap apartment in Knoxville?

The cheapest apartment in Knoxville is 16th Place Apartments which is listed at $880, while the average apartment in Knoxville costs $1,780.

What types of apartments are the cheapest in Knoxville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9,669 regular apartments in Knoxville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Knoxville?

Cheap apartments in Knoxville have an average cost of $940 which is $840 cheaper than the average rent for all rentals in Knoxville.

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

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An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN

Written by: Wendy Melton

Knoxville is considered to be a jewel of the south. It is the largest city in the eastern half of Tennessee and home to the main campus of the University of Tennessee.

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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.

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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.

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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.