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$925 - $1,895Studio to 2 Bedroom Apartments Available Now
Highland Terrace Communities
1319 Highland AveKnoxville, TN 37916
Cheap Apartments for Rent in the Downtown Knoxville Neighborhood of Knoxville, TN from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Knoxville area of Knoxville.
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$1,154 - $2,199Studio to 5 Bedroom Apartments Available Now
Hub Knoxville
1915 Cumberland AveKnoxville, TN 37916
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$1,239 - $4,661Studio to 2 Bedroom Apartments Available Now
Church and Henley Apartments
700 Henley St SWKnoxville, TN 37902
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203 12th St
KnoxvilleTN37916
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.
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$1,349 - $5,0491 to 2 Bedroom Apartments Available Now
Yardley Flats Apartments
215 Florida StKnoxville, TN 37915
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$1,388 - $6,559Studio to 2 Bedroom Apartments Available Now
Marble Alley Lofts
300 State St SWKnoxville, TN 37902
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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.
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Cash 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.
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Showing Results 1-17, Page 1 of 1
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 | $1,417 | $925 | $2,199 |
| Downtown Knoxville 1 Bedroom Apartments | $1,600 | $1,040 | $4,100 |
| Downtown Knoxville 2 Bedroom Apartments | $1,902 | $799 | $5,049 |
| Downtown Knoxville 3 Bedroom Apartments | $1,885 | $799 | $4,350 |
| Downtown Knoxville 4 Bedroom Apartments | $1,369 | $875 | $1,729 |
Browse Apartments in this Neighborhood
There are currently 17 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
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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 |
| Commons at Knoxville | C1 | 3BR,2BA | $959 |
| Highland Terrace Communities | Highland Terrace 1 Bed 1 Bath | 1BR,1BA | $1,040 |
| Hub Knoxville | 4x2 Pod | 4BR,2BA | $1,154 |
Best Value Apartments for Rent in Downtown Knoxville, TN
As of November 16, 2025 the best value apartment in the Downtown Knoxville area is the $1.65 price per square foot 3-bedroom Model at Emporium Lofts in the in the West Knoxville neighborhood starting from $3,000. The second greatest value Downtown Knoxville apartment is the The Daniel - 313 Model at The Daniel starting at $3,100 with a $2.00 price per square foot in the Holston Hills 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. |
|---|---|---|---|
| Emporium Lofts | 3-bedroom | 3BR,2BA | $1.65 |
| The Daniel | The Daniel - 313 | 2BR,2BA | $2.00 |
| Slate at 901 | 4x2B | 4BR,2BA | $1.04 |
| Franklin Station Condominiums | 3-Bedroom | 3BR,2BA | $1.76 |
| Barclay House Apartments | Two Bedroom | 2BR,1BA | $2.09 |
| Tradition Knoxville | Spence | 2BR,1BA | $1.07 |
| The Standard at Knoxville | Fulmer 1 - 2Br, 2Ba | 2BR,2BA | $2.10 |
| Highland Terrace Communities | Highland Terrace 1 Bed 1 Bath | 1BR,1BA | $1.89 |
| Commons at Knoxville | B1 | 2BR,1BA | $1.87 |
| Society 865 | 2GA - Gamma | 2BR,2BA | $2.03 |
Don'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.
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The 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.
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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.
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Pet Friendly LifestyleDowntown Knoxville, Knoxville, TN
Ranked #30
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $1,539.
What is the price of a cheap apartment in Downtown Knoxville?
The cheapest apartment in Downtown Knoxville is Highland Terrace Communities which is listed at $1,040, while the average apartment in Downtown Knoxville costs $1,666.
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 282 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 $1,251 which is $415 cheaper than the average rent for all rentals in Downtown Knoxville.
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.