
Cheap Apartments for Rent in the Colonial Village Neighborhood of Knoxville, TN from $800 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Village area of Knoxville.


Total Monthly Price
3831 Cherokee Woods Way, Unit #203

Oak Crest Apartments

Evergreen Terrace

Red Bud Apartments
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.

2436 Belvedere Ave

Southmont Apartments

The Adelade

The Henley

Red Bud
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.

Cedar Village Apartments

Cedar Village

Chapman Square Apartments

White Oak Crossing

5501 Lake Shore Dr
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.

5501 Lake Shore Dr

Young High Flats
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 | $1,316 | $875 | $2,105 |
| Colonial Village 1 Bedroom Apartments | $1,875 | $985 | $2,750 |
| Colonial Village 2 Bedroom Apartments | $1,950 | $975 | $3,250 |
| Colonial Village 3 Bedroom Apartments | $2,231 | $875 | $4,275 |
| Colonial Village 4 Bedroom Apartments | $1,168 | $829 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Colonial Village Neighborhood of Knoxville, TN.
See all Apartments in KnoxvilleExplore Knoxville
Cheapest Available Colonial Village Apartments for Rent
 The cheapest available apartment rental in the Colonial Village area of Knoxville, TN is a 1 Bed unit found at Red Bud priced from $830. Cedar Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Colonial Village apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Red Bud | 1 Bedroom 1 Bath - 42923 | 1BR,1BA | $830 |
| Cedar Ridge Apartments | Junior Apartment | Studio,1BA | $875 |
| Oak Crest Apartments | Three Bedroom | 3BR,2BA | $950 |
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $985 |
| Red Bud Apartments | 2Bd/1Ba | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Colonial Village, TN
As of March 09, 2026 the best value apartment in the Colonial Village area is the $0.58 price per square foot 4 Bedroom, 4 Bath Model at Redpoint Knoxville in the in the West Knoxville neighborhood starting from $1,069. The second greatest value Colonial Village apartment is the Two Bedroom Model at Oak Crest Apartments starting at $975 with a $0.81 price per square foot in the North 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. |
|---|---|---|---|
| Redpoint Knoxville | 4 Bedroom, 4 Bath | 4BR,4BA | $0.58 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.81 |
| White Oak Crossing | Three Bedroom | 3BR,2BA | $0.98 |
| Red Bud Apartments | 2Bd/1.5Ba | 2BR,1.5BA | $1.00 |
| The Henley | Metro | 1BR,1BA | $1.75 |
| Red Bud | 1 Bedroom 1 Bath - 42923 | 1BR,1BA | $1.22 |
| Southmont Apartments | Two Bedroom Remodel | 2BR,1BA | $2.25 |
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $1.70 |
| Cedar Ridge Apartments | Junior Apartment | Studio ,1BA | $1.75 |
| 2436 Belvedere Ave | Studio | Studio ,1BA | $2.22 |
Frequently Asked Questions about Cheap Colonial Village Apartments
What is a cheap apartment in Colonial Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Colonial Village is under $1,819.
What is the price of a cheap apartment in Colonial Village?
The cheapest apartment in Colonial Village is Red Bud which is listed at $830, while the average apartment in Colonial Village costs $1,834.
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 70 regular apartments in Colonial Village 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 Colonial Village?
Cheap apartments in Colonial Village have an average cost of $1,395 which is $439 cheaper than the average rent for all rentals in Colonial Village.
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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.