
Cheap Homes for Rent in the Colonial Village Neighborhood of Knoxville, TN from $995 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Village area of Knoxville.


751 E Red Bud Rd
Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee
Discover why Knoxville, Tennessee is one of the South's best places to rent. Explore top neighborhoods, universities, restaurants, and everything the city has to offer.

903 E Red Bud Rd

909 E Red Bud Rd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Colonial Village, Knoxville, TN Local Guide

How much does it cost to rent a home in Colonial Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Village 2 Bedroom Homes for Rent | $1,603 | $1,200 | $2,250 |
| Colonial Village 3 Bedroom Homes for Rent | $2,082 | $1,750 | $2,995 |
| Colonial Village 5 Bedroom Homes for Rent | $2,395 | $2,395 | $2,395 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Colonial Village Neighborhood of Knoxville, TN.
Explore Knoxville
Best Value Homes for Rent in Colonial Village, TN
As of September 21, 2026 the best value rental home in the Colonial Village area is the $1.13 price per square foot 714 Baldwin Ave SW Model at 714 Baldwin Ave SW in the University of Tennessee neighborhood starting from $2,395. The second greatest value Colonial Village rental home is the 945 Wildwood Garden Dr Model at 945 Wildwood Garden Dr in the South Knoxville neighborhood starting at $2,100 with a $1.28 price per square foot. Here is today’s list of the best values for Colonial Village homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 714 Baldwin Ave SW | 714 Baldwin Ave SW | 5BR, 3BA | $1.13 |
| 945 Wildwood Garden Dr | 945 Wildwood Garden Dr | 3BR, 2BA | $1.28 |
| 211 Avenue C | 211 Avenue C | 3BR, 2.5BA | $1.58 |
| 524 Goldfinch Ave | 524 Goldfinch Ave | 3BR, 1BA | $1.44 |
| 805 Oliver Rd, Unit C | 805 Oliver Rd | 2BR, 1.5BA | $1.62 |
Frequently Asked Questions about Colonial Village
What type of rentals are currently available in Colonial Village?
There are currently 34 Apartments for Rent in Colonial Village, TN with pricing that ranges from $875 to $2,700. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Village ranging from $995 to $2,995.
What is the current price range for Rental Homes in Colonial Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Colonial Village ranges from $995 to $2,995 with an average monthly rent of $1,852.
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.
Helpful Local Expert Guides

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee
Written by: Wendy Melton
Knoxville, Tennessee, is a jewel in the heart of the South. Many travelers who pass through often return again and again because of the hospitality and friendliness of local residents.

Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses
Written by: Wendy Melton
With a population of over 190,000, Knoxville, Tennessee, is the third-largest city in the state. It sits adjacent to the Tennessee River.

Knoxvilles College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting
Written by: Wendy Melton
Knoxville, Tennessee, is located in the heart of the Great Smoky Mountains. The quiet calm of the mountains is the perfect place for college students to study and focus on their education.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.