507 Tipton Ave
KnoxvilleTN37920
Cheap Homes for Rent in Colonial Village Neighborhood of Knoxville, TN from $1,000 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Village area of Knoxville.
3500 Sevier Ave
KnoxvilleTN37920
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
4917 Moreland Heights Ln
KnoxvilleTN37920
316 Sarvis Dr
KnoxvilleTN37920
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.
Showing Results 1-4, Page 1 of 1
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 | $2,183 | $1,850 | $2,700 |
| Colonial Village 3 Bedroom Homes for Rent | $2,233 | $1,950 | $2,495 |
| Colonial Village 4 Bedroom Homes for Rent | $2,050 | $1,800 | $2,300 |
| Colonial Village 5 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
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
Let everyone know!
Do you know the Colonial Village area?
If you’re an expert on all things Colonial Village, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Value Apartments for Rent in Colonial Village, TN
As of April 24, 2026 the best value apartment in the Colonial Village area is the $0.72 price per square foot 3 Bedroom, 3 Bath Model at Redpoint Knoxville in the in the West Knoxville neighborhood starting from $999. 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 | 3 Bedroom, 3 Bath | 3BR,3BA | $0.72 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.81 |
| Young High Flats | 2-A Type B-60% | 2BR,2BA | $1.31 |
| Cedar Ridge Apartments | One Bedroom Apartment | 1BR,1BA | $1.18 |
| The Henley | Metro | 1BR,1BA | $1.68 |
| Red Bud | 1 Bedroom 1 Bath - 49536 | 1BR,1BA | $1.24 |
| Flagship Kerns | AY 2026 - 2027 {A2} | 1BR,1BA | $2.72 |
| Cherokee Ridge Apartments | The Appalachia | 1BR,1BA | $1.46 |
| Southmont Apartments | Two Bedroom Remodel | 2BR,1BA | $2.25 |
| 2436 Belvedere Ave | Studio | Studio ,1BA | $2.22 |
Frequently Asked Questions about Colonial Village
What type of rentals are currently available in Colonial Village?
There are currently 46 Apartments for Rent in Colonial Village, TN with pricing that ranges from $829 to $4,275. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Village ranging from $1,000 to $2,700.
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 $1,000 to $2,700 with an average monthly rent of $1,992.
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 $899 to $4,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $829.
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.