Cheap Apartments for Rent in Knoxville, TN from $400 (139 Rentals)

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Knoxville, TN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Knoxville, TN

Pricing Updated: 11/10/2025

Current apartment rentals in the Knoxville, TN area range in price from $775 to $5,049 with an overall median price of $1,777. The three Knoxville neighborhoods with the lowest median rent pricing are Fountain City at $795, Burlington at $959, and East Knoxville at $945. 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$975$7952
Burlington$1,195$9594
East Knoxville$1,325$94524
Lonsdale$1,515$799239
Whittle Springs$1,531$875185
College Hills$1,563$799434
Vestal$1,575$775418
Western Heights$1,606$799412
Old City$1,607$799494
Emory Place$1,615$799490

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. 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
Oakhill Apartments5540 N. Broadway St. Oak Hills Apartments2BR,1BA$795
The LandingsThe Tennessee- Limited Availability3BR,2BA$799
Tradition KnoxvilleSpence2BR,1BA$799
Society 8653SA - Sigma3BR,2BA$799
Cedar Ridge ApartmentsJunior ApartmentStudio,1BA$875
Live in Comfort at Evergreen Apartments in1BR/1.0BA1BR,1BA$880
Forestdale Village1BD/1BA1BR,1BA$900
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
The Mark KnoxvilleE1 - 5x55BR,5BA$935

Best Value Apartments for Rent in Knoxville, TN

As of November 10, 2025 the best value apartment in the Knoxville area is the $0.35 price per square foot 5 Bedroom Townhouse Model at Knox Ridge in the in the West Knoxville neighborhood starting from $1,099. The second greatest value Knoxville apartment is the 3 Bedroom, 3 Bath Model at Redpoint Knoxville starting at $849 with a $0.61 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$0.35
Redpoint Knoxville3 Bedroom, 3 Bath3BR,3BA$0.61
Walker Springs ApartmentsAzalea2BR,2BA$1.15
1920 Grand Ave, Unit 1011920 Grand Ave3BR,3BA$1.16
West Towne Manor2 Bedroom- Garden2BR,1.5BA$0.90
Slate at 9014x2B4BR,2BA$1.04
Castle Terrace Apartments2BR/1.0BA2BR,1BA$1.12
West Gate Terrace2 Bedroom Garden - Colonial2BR,1BA$1.15
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 $935.

What is the price of a cheap apartment in Knoxville?

The cheapest apartment in Knoxville is Live in Comfort at Evergreen Apartments in which is listed at $880, while the average apartment in Knoxville costs $1,777.

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 9,812 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 $911 which is $866 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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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.