608 Lester Rd
KnoxvilleTN37920
Cheap Homes for Rent in Colonial Village Neighborhood of Knoxville, TN from $800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Village area of Knoxville.
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.
3500 Sevier Ave
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.
132 Henry Ave
KnoxvilleTN37920
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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 | $1,586 | $1,400 | $1,750 |
| Colonial Village 3 Bedroom Homes for Rent | $2,181 | $1,750 | $2,900 |
| Colonial Village 4 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Colonial Village Neighborhood of Knoxville, TN.
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Best Value Apartments for Rent in Colonial Village, TN
As of June 17, 2026 the best value apartment in the Colonial Village area is the $1.23 price per square foot 4x3 Model at Cherokee Farmhouse Villas in the in the South Knoxville neighborhood starting from $2,700. The second greatest value Colonial Village apartment is the 3 Bedroom, 3 Bath Model at Redpoint Knoxville starting at $999 with a $0.72 price per square foot in the West 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. |
|---|---|---|---|
| Cherokee Farmhouse Villas | 4x3 | 4BR,3BA | $1.23 |
| Redpoint Knoxville | 3 Bedroom, 3 Bath | 3BR,3BA | $0.72 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.83 |
| The Henley | The Mod | 2BR,2BA | $1.71 |
| White Oak Crossing | Two Bedroom | 2BR,2BA | $1.08 |
| Cedar Ridge Apartments | One Bedroom Apartment | 1BR,1BA | $1.18 |
| Caelian South Grove Apartments | Halo | 1BR,1BA | $2.06 |
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $1.55 |
| The Adelade | Cosmina | Studio ,1BA | $2.22 |
| 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 $4,140. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Village ranging from $895 to $2,900.
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 $2,900 with an average monthly rent of $1,641.
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 $4,140, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $2,900. 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.
Helpful Local Expert Guides
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.
Knoxvilles College Scene: An Experts 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.
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.
Welcome to Knoxville: A Local Experts 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.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.