
Cheap Apartments for Rent in the Downtown Knoxville Neighborhood of Knoxville, TN from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Knoxville area of Knoxville.


16th Place Apartments

Highland Terrace Communities

2223 Laurel Ave

Total Monthly Price
1402 Grand Ave, Unit C

Maplehurst
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.

203 12th St

Hub Knoxville

1628 Clinch Ave

Highland Terrace Apartments

1309 Forest Ave

316 James Agee St
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.

White Avenue Apartments

Highland Terrace IV

The Highland On Laurel

Sterchi's Lofts

The Highland V

Yardley Flats Apartments
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.

The Medical Arts Building
Downtown Knoxville, Knoxville, TN Local Guide

How much does it cost to rent an apartment in Downtown Knoxville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Knoxville Studio Apartments | $1,445 | $925 | $2,199 |
| Downtown Knoxville 1 Bedroom Apartments | $1,651 | $800 | $4,100 |
| Downtown Knoxville 2 Bedroom Apartments | $1,851 | $799 | $4,800 |
| Downtown Knoxville 3 Bedroom Apartments | $1,784 | $799 | $4,275 |
| Downtown Knoxville 4 Bedroom Apartments | $1,378 | $890 | $1,789 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Downtown Knoxville Neighborhood of Knoxville, TN.
See all Apartments in KnoxvilleExplore Knoxville
Downtown Knoxville, Knoxville, TN Local Guide
- Nearby Knoxville neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Downtown Knoxville Apartments for Rent
 The cheapest available apartment rental in the Downtown Knoxville area of Knoxville, TN is a 2 Beds unit found at Tradition Knoxville priced from $799. Society 865 has the second lowest priced unit, which is a 3 Beds apartment currently listed from $799. Here are the most affordable Downtown Knoxville apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tradition Knoxville | Spence | 2BR,1BA | $799 |
| Society 865 | 3SA - Sigma | 3BR,2BA | $799 |
| 16th Place Apartments | One Bedroom | 1BR,1BA | $880 |
| Commons at Knoxville | C1 | 3BR,2BA | $959 |
| Maplehurst | Efficiency | Studio,1BA | $1,025 |
Best Value Apartments for Rent in Downtown Knoxville, TN
As of February 22, 2026 the best value apartment in the Downtown Knoxville area is the $1.81 price per square foot The Daniel - 311 Model at The Daniel in the in the Holston Hills neighborhood starting from $2,800. The second greatest value Downtown Knoxville apartment is the 2-bedroom Model at Emporium Lofts starting at $1,900 with a $1.32 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for Downtown Knoxville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Daniel | The Daniel - 311 | 2BR,2BA | $1.81 |
| Emporium Lofts | 2-bedroom | 2BR,1BA | $1.32 |
| Slate at 901 | 4x2B | 4BR,2BA | $1.04 |
| Tradition Knoxville | Spence | 2BR,1BA | $1.07 |
| The Standard at Knoxville | Fulmer 2 - 2Br, 2Ba | 2BR,2BA | $1.96 |
| 1402 Grand Ave, Unit C | 1402 Grand Ave | 1BR,1BA | $1.67 |
| 16th Place Apartments | One Bedroom | 1BR,1BA | $1.58 |
| Highland Terrace Communities | Highland Terrace 1 Bed 1 Bath | 1BR,1BA | $1.92 |
| Commons at Knoxville | B1 | 2BR,1BA | $1.87 |
| Society 865 | 2GA - Gamma | 2BR,2BA | $2.03 |
Knoxville's College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting
Searching for student housing in Knoxville? Discover affordable rentals in neighborhoods near top colleges in Knoxville, TN.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleDowntown Knoxville, Knoxville, TN
Ranked #39
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Knoxville Apartments
What is a cheap apartment in Downtown Knoxville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Knoxville is under $1,399.
What is the price of a cheap apartment in Downtown Knoxville?
The cheapest apartment in Downtown Knoxville is 16th Place Apartments which is listed at $880, while the average apartment in Downtown Knoxville costs $1,792.
What types of apartments are the cheapest in Downtown Knoxville?
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 243 regular apartments in Downtown Knoxville 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 Downtown Knoxville?
Cheap apartments in Downtown Knoxville have an average cost of $1,222 which is $570 cheaper than the average rent for all rentals in Downtown Knoxville.
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.