Cheap Apartments for Rent in the Downtown Knoxville Neighborhood of Knoxville, TN from $600 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Knoxville area of Knoxville.

property at 1507 Highland Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

4 Bedroom, 2 Bath Condo for Rent

Available Now

1507 Highland Ave, Unit #B402

1507 Highland Ave
KnoxvilleTN37916

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee

Discover why Knoxville, Tennessee is one of the South's best places to rent. Explore top neighborhoods, universities, restaurants, and everything the city has to offer.

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1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916
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316 James Agee St
2 Bedroom Apartments

316 James Agee St

316 James Agee StKnoxville, TN 37916
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White Avenue Apartments
1 Bedroom Apartments

White Avenue Apartments

1303 White AveKnoxville, TN 37916
Student Housing
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1700 Clinch Ave

$949 - $1,150

Studio To 1 Bedroom Rentals

Available Now

1700 Clinch Ave

KnoxvilleTN37916
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Highland Terrace IV
1 to 2 Bedroom Apartments

Highland Terrace IV

2329-2343 Highland AveKnoxville, TN 37916
Student Housing
  • Utilities Included
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The Highland On Laurel
1 Bedroom Apartments

The Highland On Laurel

1533 Laurel AveKnoxville, TN 37916
Student Housing
  • Utilities Included
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Sterchi's Lofts
Studio to 4 Bedroom Apartments

Sterchi's Lofts

116 S Gay StKnoxville, TN 37902
  • Utilities Included
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The Highland V
2 to 3 Bedroom Apartments

The Highland V

1523 Highland AveKnoxville, TN 37916
Student Housing

Knoxville Living: Mapping Your Next Apartment Near the City's Biggest Businesses

Looking for a rental in Knoxville? Our guide breaks down 20+ neighborhoods with affordable housing, great schools, and easy access to job opportunities across Knox County.

property at 510 14th St

$1,095 - $1,395

1 Bedroom Rentals

Available Aug 1

510 14th St

KnoxvilleTN37916

Downtown Knoxville, Knoxville, TN Local Guide

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. 16th Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Downtown Knoxville apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Tradition KnoxvilleSpence2BR,1BA$799
16th Place ApartmentsOne Bedroom1BR,1BA$880
MaplehurstEfficiencyStudio,1BA$1,025
1931 Forest Ave2 Bed 2 Bath2BR,2BA$1,250
1501 Clinch Ave2 Beds, 1 Baths2BR,1BA$1,495

Best Value Apartments for Rent in Downtown Knoxville, TN

As of July 31, 2026 the best value apartment in the Downtown Knoxville area is the $0.52 price per square foot 2 Bed 2 Bath Model at 1931 Forest Ave in the in the West Knoxville neighborhood starting from $1,250. The second greatest value Downtown Knoxville apartment is the 4x2A Model at Slate at 901 starting at $1,070 with a $0.89 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1931 Forest Ave2 Bed 2 Bath2BR,2BA$0.52
Slate at 9014x2A4BR,2BA$0.89
The DanielThe Daniel - 3031BR,1BA$1.98
Stockyard LoftsB12BR,2BA$2.40
16th Place Apartments3 BR Victorian3BR,1BA$2.34
1501 Clinch Ave2 Beds, 1 Baths2BR,1BA$1.62
Flagship Kern's ApartmentsAcademic Year 2026 - 2027 - B12BR,2BA$1.28
One RiverwalkA41BR,1BA$2.69
Marble Alley LoftsA1 - Marley1BR,1BA$3.26
Highland Grand4 Bedroom 2 Bath4BR,2BA$3.00

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.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Lifestyle
Downtown Knoxville, Knoxville, TN

Ranked #28

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $2,183.

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 $2,500.

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 75 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 $1,368 which is $1,132 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.

Helpful Local Expert Guides

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Welcome to Knoxville: A Local Expert's 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.

decorative image for Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses article

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.

decorative image for Knoxvilles College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting article

Knoxvilles College Scene: An Expert's 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.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.