Cheap Apartments for Rent in Knoxville, TN from $400 (141 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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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: 01/03/2026

Current apartment rentals in the Knoxville, TN area range in price from $450 to $5,700 with an overall median price of $2,873. The three Knoxville neighborhoods with the lowest median rent pricing are Colonial Village at $900, Inskip at $700, and Burlington at $849. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Knoxville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Colonial Village$1,895$90018
Inskip$1,925$7007
Burlington$1,990$84914
Vestal$2,095$78031
Lonsdale$2,100$78046
Norwood$2,135$1,60010
East Knoxville$2,175$84933
Five Points$2,175$78068
Island Home$2,175$97545
Morningside$2,175$78077

Cheapest Available Knoxville Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
The LandingsThe Tennessee- Full Apartment3BR,2BA$799
Tradition KnoxvilleSpence2BR,1BA$799
Society 8653SA - Sigma3BR,2BA$799
Cedar Ridge ApartmentsJunior ApartmentStudio,1BA$875
The Mark KnoxvilleE1 - 5x55BR,5BA$925
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
North Hills ApartmentsThe Glen1BR,1BA$935
The Shiloh Ridge Apartments2 Bed2BR,1BA$950
Commons at KnoxvilleC13BR,2BA$959
Live in Comfort at Evergreen Apartments in Knoxville!1BR/1.0BA1BR,1BA$975

Best Value Apartments for Rent in Knoxville, TN

As of January 03, 2026 the best value apartment in the Knoxville area is the $0.32 price per square foot 5 Bedroom Townhouse Model at Knox Ridge in the in the West Knoxville neighborhood starting from $979. The second greatest value Knoxville apartment is the 3 Bedroom, 3 Bath Model at Redpoint Knoxville starting at $999 with a $0.72 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 Ridge5 Bedroom Townhouse5BR,5BA$0.32
Redpoint Knoxville3 Bedroom, 3 Bath3BR,3BA$0.72
Londontown Apartments3x23BR,2BA$1.10
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.89
Walker Springs ApartmentsAzalea2BR,2BA$1.07
Slate at 9014x2B4BR,2BA$1.04
Carriage Hill2 Bed 2 Bed, Large Garden2BR,2BA$1.12
Woodbury Crossing3 B Floor Plan3BR,2BA$1.13
West Gate Terrace2 Bedroom Garden - Colonial2BR,1BA$1.15
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

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.

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Cash 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.

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Quick 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.

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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 the Cheapest Studio apartment in Knoxville?

Currently the most affordable Cheap Studio Apartment in Knoxville is at Cedar Ridge Apartments listed at $875.

How much is rent for a Cheap One Bedroom Knoxville Apartment?

The lowest price for a Cheap One Bedroom Knoxville Apartment is $935 at Morningside Gardens Apartments.

What is the lowest price for a Cheap Two Bedroom Knoxville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Knoxville is starting from $799 at Tradition Knoxville.

What is the most affordable Knoxville Three Bedroom Apartment?

The best deal on a cheap Knoxville Three Bedroom Apartment rental is at The Landings and starts from $799.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.