Cheap Homes for Rent in Colonial Village Neighborhood of Knoxville, TN from $800 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Colonial Village area of Knoxville.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Colonial Village, Knoxville, TN Local Guide

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. City South Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $924. Here are the most affordable Colonial Village apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Cedar Ridge ApartmentsJunior ApartmentStudio,1BA$875
City South ApartmentsStudio - 612Studio,1BA$924
The Scene at 2300Two Bedroom / One Bath2BR,1BA$1,375

Best Value Apartments for Rent in Colonial Village, TN

As of May 29, 2025 the best value apartment in the Colonial Village area is the $2.82 price per square foot C1 Model at Livano Knoxville in the in the West Knoxville neighborhood starting from $4,025. The second greatest value Colonial Village apartment is the The Tennessee Model at River’s Edge Apartments starting at $2,074 with a $1.93 price per square foot in the East Knoxville neighborhood. Here is today’s list of the best values for Colonial Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Livano KnoxvilleC13BR,2BA$2.82
River’s Edge ApartmentsThe Tennessee2BR,2BA$1.93
The DavyB22BR,2BA$1.81
The AdeladeMarlowe2BR,1BA$2.07
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.29
The TributeLARGE 1 BDR1BR,1BA$2.76
The Scene at 2300Two Bedroom / One Bath2BR,1BA$1.96
303 FlatsJackson - SOLD OUT!!1BR,1BA$3.12
Cedar Ridge ApartmentsJunior ApartmentStudio ,1BA$1.75
City South ApartmentsStudio - 612Studio ,1BA$2.80

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Frequently Asked Questions about Colonial Village

What type of rentals are currently available in Colonial Village?

There are currently 40 Apartments for Rent in Colonial Village, TN with pricing that ranges from $875 to $5,382. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Village ranging from $895 to $3,500.

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 $895 to $3,500 with an average monthly rent of $1,857.

How much are larger Three and Four Bedroom Rentals in Colonial Village?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Colonial Village range from $1,279 to $4,115, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $1,199.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.