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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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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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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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: 12/06/2025

Current apartment rentals in the Knoxville, TN area range in price from $790 to $4,380 with an overall median price of $1,845. The three Knoxville neighborhoods with the lowest median rent pricing are Fountain City at $875, East Knoxville at $935, 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
Fountain City$1,162$8751
East Knoxville$1,326$93526
Middlebrook Heights$1,499$799211
Uptown Knoxville$1,499$799659
Lonsdale$1,524$799247
Marble City$1,524$799286
North Knoxville$1,550$799984
Outer Northside$1,550$799984
West View$1,555$799272
Lyons View$1,599$850173

Cheapest Available Knoxville Apartments for Rent

 

The cheapest available apartment rental in Knoxville, TN is a 3 Beds unit found at Society 865 in the West Knoxville neighborhood priced from $799. The Landings in the East 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
Society 8653SA - Sigma3BR,2BA$799
The LandingsThe Tennessee- Limited Availability3BR,2BA$799
Tradition KnoxvilleSpence2BR,1BA$799
Windsor Court ApartmentsEdinboroStudio,1BA$873
Cedar Ridge ApartmentsJunior ApartmentStudio,1BA$875
Forestdale Village1BD/1BA1BR,1BA$900
The Mark KnoxvilleE1 - 5x55BR,5BA$925
North Hills ApartmentsThe Glen1BR,1BA$935
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
Brendon Park ApartmentsThe SpruceStudio,1BA$946

Best Value Apartments for Rent in Knoxville, TN

As of December 06, 2025 the best value apartment in the Knoxville area is the $0.31 price per square foot 5 Bedroom Townhouse Model at Knox Ridge in the in the West Knoxville neighborhood starting from $959. The second greatest value Knoxville apartment is the 4x3 Model at Cherokee Farmhouse Villas starting at $2,700 with a $1.23 price per square foot in the South 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$0.31
Cherokee Farmhouse Villas4x34BR,3BA$1.23
Windermere Trails4 Bedrooms + Office4BR,2.5BA$1.24
Eagle BrookEagle Brook3BR,2BA$1.20
Redpoint Knoxville3 Bedroom, 3 Bath3BR,3BA$0.72
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.89
Slate at 9014x2B4BR,2BA$1.04
White Oak CrossingThree Bedroom3BR,2BA$0.98
West Gate Terrace2 Bedroom Garden - Colonial2BR,1BA$1.15
Tradition KnoxvilleSpence2BR,1BA$1.07

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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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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Getting Around Knoxville, TN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

20 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $946.

What is the price of a cheap apartment in Knoxville?

The cheapest apartment in Knoxville is Forestdale Village which is listed at $900, while the average apartment in Knoxville costs $1,845.

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 10,622 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 $1,055 which is $790 cheaper than the average rent for all rentals in Knoxville.

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.

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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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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.

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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!