Cheap Apartments for Rent in Knoxville, TN from $400 (146 Rentals)

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property at 108 E Inskip Dr

108 E Inskip Dr

KnoxvilleTN37912
Showing Results 1-50, Page 1 of 3

Knoxville, TN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Knoxville, TN

Pricing Updated: 09/21/2025

Current apartment rentals in the Knoxville, TN area range in price from $775 to $5,199 with an overall median price of $1,901. The three Knoxville neighborhoods with the lowest median rent pricing are Fountain City at $795, Uptown Knoxville at $795, and Marble City 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$1,082$7954
Uptown Knoxville$1,553$795532
Marble City$1,599$799285
West View$1,599$799280
Whittle Springs$1,599$800108
East Knoxville$1,600$94522
Lonsdale$1,609$799198
Holston Hills$1,650$94570
Outer Southside$1,659$775548
South Knoxville$1,659$775548

Cheapest Available Knoxville Apartments for Rent

 

The cheapest available apartment rental in Knoxville, TN is a 2 Beds unit found at Oakhill Apartments in the North Knoxville neighborhood priced from $795. 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
Oakhill Apartments5540 N. Broadway St. Oak Hills Apartments2BR,1BA$795
Society 8653SA - Sigma3BR,2BA$799
The LandingsThe Tennessee- Limited Availability3BR,2BA$799
Tradition KnoxvilleSpence2BR,1BA$799
Slate at 9013x3 Double3BR,3BA$800
Forestdale Village1BD/1BA1BR,1BA$900
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
Southside Flats2B Type B 50%2BR,2BA$947
Commons at KnoxvilleC13BR,2BA$949
BouldercrestStudioStudio,1BA$950

Best Value Apartments for Rent in Knoxville, TN

As of September 21, 2025 the best value apartment in the Knoxville area is the $0.13 price per square foot 4001 Island Home Pike Model at 4001 Island Home Pike, Unit 1 in the in the South Knoxville neighborhood starting from $1,200. The second greatest value Knoxville apartment is the 5 Bedroom Townhouse Model at Knox Ridge starting at $1,049 with a $0.34 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.
4001 Island Home Pike, Unit 14001 Island Home Pike2BR,1BA$0.13
Knox Ridge5 Bedroom Townhouse5BR,5BA$0.34
6924 E Emory Rd, Unit Halls-Gibbs area Duplex6924 E Emory Rd3BR,2BA$0.87
Redpoint Knoxville3 Bedroom, 3 Bath3BR,3BA$0.63
Slate at 9014x34BR,3BA$0.98
West Towne Manor2 Bedroom- Garden2BR,1.5BA$0.90
West Gate Terrace2 Bedroom Garden - Colonial2BR,1BA$1.15
White Oak CrossingTwo Bedroom2BR,2BA$1.08
Oakhill Apartments5540 N. Broadway St. Oak Hills Apartments2BR,1BA$0.96
Tradition KnoxvilleSpence2BR,1BA$1.07

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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!

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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 $950.

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 $1,901.

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 7,271 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 $1,024 which is $877 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.

decorative image for An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN article

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 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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.