
Cheap Apartments for Rent in the Colonial Village Neighborhood of Knoxville, TN from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Village area of Knoxville.


Cedar Ridge Apartments

3518 Glenhurst Rd

315 Doyle St

205 Hialeah Dr
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Chapman Square Apartments

Young High Flats

White Oak Crossing

Red Bud

201 Avenue B
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Cedar Village

Flenniken Square Apartments

The Verandas

Stonewall II

Montgomery Village
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Colonial Village, Knoxville, TN Local Guide

How much does it cost to rent an apartment in Colonial Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Village Studio Apartments | $912 | $875 | $950 |
| Colonial Village 1 Bedroom Apartments | $1,050 | $1,000 | $1,100 |
| Colonial Village 2 Bedroom Apartments | $1,212 | $1,000 | $1,400 |
| Colonial Village 3 Bedroom Apartments | $1,550 | $1,550 | $1,550 |
| Colonial Village 4 Bedroom Apartments | $2,600 | $2,500 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Colonial Village Neighborhood of Knoxville, TN.
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Cheapest Available Colonial Village Apartments for Rent
 The cheapest available apartment rental in the Colonial Village area of Knoxville, TN is a Studio unit found at Cedar Ridge Apartments priced from $875. Red Bud has the second lowest priced unit, which is a 2 Beds apartment currently listed from $975. Here are the most affordable Colonial Village apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Ridge Apartments | Junior Apartment | Studio,1BA | $875 |
| Red Bud | 2 Bedroom 1 Bath - 32352 | 2BR,1BA | $975 |
| Red Bud Apartments | 2Bd/1Ba | 2BR,1BA | $1,000 |
| Young High Flats | 2-B Type B-60% | 2BR,2BA | $1,252 |
Best Value Apartments for Rent in Colonial Village, TN
As of January 14, 2026 the best value apartment in the Colonial Village area is the $1.00 price per square foot 2Bd/1.5Ba Model at Red Bud Apartments in the in the South Knoxville neighborhood starting from $1,000. The second greatest value Colonial Village apartment is the 2-B Type B-60% Model at Young High Flats starting at $1,252 with a $1.29 price per square foot in the South Knoxville neighborhood. Here is today’s list of the best values for Colonial Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Red Bud Apartments | 2Bd/1.5Ba | 2BR,1.5BA | $1.00 |
| Young High Flats | 2-B Type B-60% | 2BR,2BA | $1.29 |
| Red Bud | 2 Bedroom 1 Bath - 32352 | 2BR,1BA | $1.30 |
| Cedar Ridge Apartments | Junior Apartment | Studio ,1BA | $1.75 |
Frequently Asked Questions about Cheap Colonial Village Apartments
What is the price of a cheap apartment in Colonial Village?
The cheapest apartment in Colonial Village is Cedar Ridge Apartments which is listed at $1,000, while the average apartment in Colonial Village costs $2,600.
What types of apartments are the cheapest in Colonial Village?
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 3 regular apartments in Colonial Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

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.

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.

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.