
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.


1700 Clinch Ave, Unit #207

1628 Clinch Ave

1507 Highland Ave, Unit #B402

Maplehurst
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.

Barclay House Apartments

Highland Terrace Apartments

1309 Forest Ave

316 James Agee St

White Avenue Apartments
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.

1700 Clinch Ave

Highland Terrace IV

The Highland On Laurel

Sterchi's Lofts

The Highland V
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.

510 14th St

473 Walnut St
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 | $1,594 | $1,025 | $1,904 |
| Downtown Knoxville 1 Bedroom Apartments | $2,130 | $880 | $4,100 |
| Downtown Knoxville 2 Bedroom Apartments | $2,238 | $799 | $4,213 |
| Downtown Knoxville 3 Bedroom Apartments | $2,081 | $699 | $4,155 |
| Downtown Knoxville 4 Bedroom Apartments | $1,175 | $879 | $3,516 |
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tradition Knoxville | Spence | 2BR,1BA | $799 |
| 16th Place Apartments | One Bedroom | 1BR,1BA | $880 |
| Maplehurst | Efficiency | Studio,1BA | $1,025 |
| 1931 Forest Ave | 2 Bed 2 Bath | 2BR,2BA | $1,250 |
| 1501 Clinch Ave | 2 Beds, 1 Baths | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1931 Forest Ave | 2 Bed 2 Bath | 2BR,2BA | $0.52 |
| Slate at 901 | 4x2A | 4BR,2BA | $0.89 |
| The Daniel | The Daniel - 303 | 1BR,1BA | $1.98 |
| Stockyard Lofts | B1 | 2BR,2BA | $2.40 |
| 16th Place Apartments | 3 BR Victorian | 3BR,1BA | $2.34 |
| 1501 Clinch Ave | 2 Beds, 1 Baths | 2BR,1BA | $1.62 |
| Flagship Kern's Apartments | Academic Year 2026 - 2027 - B1 | 2BR,2BA | $1.28 |
| One Riverwalk | A4 | 1BR,1BA | $2.69 |
| Marble Alley Lofts | A1 - Marley | 1BR,1BA | $3.26 |
| Highland Grand | 4 Bedroom 2 Bath | 4BR,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.
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 ArticleReal 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.
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 #28
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 $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

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.

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.

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.

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

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.

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.

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.

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.