
Cheap Apartments for Rent in the Five Points Neighborhood of Knoxville, TN from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Knoxville.


Highland Terrace Communities

North Hills Apartments

Morningside Gardens Apartments

The Shiloh Ridge Apartments

2337 E 5th Ave

2436 Belvedere Ave
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.

Oak Crest Apartments

The Adelade

Southmont Apartments

City South Apartments

First Creek at Austin

1414 Chicago Ave
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.

203 12th St
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.
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.
Five Points, Knoxville, TN Local Guide

How much does it cost to rent an apartment in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points Studio Apartments | $1,550 | $800 | $2,105 |
| Five Points 1 Bedroom Apartments | $1,789 | $935 | $4,100 |
| Five Points 2 Bedroom Apartments | $2,018 | $950 | $3,475 |
| Five Points 3 Bedroom Apartments | $2,142 | $799 | $4,315 |
| Five Points 4 Bedroom Apartments | $1,128 | $829 | $1,448 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Knoxville, TN.
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Five Points, Knoxville, TN Local Guide
- Nearby Knoxville neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Five Points Apartments for Rent
 The cheapest available apartment rental in the Five Points area of Knoxville, TN is a 3 Beds unit found at The Landings priced from $799. Morningside Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here are the most affordable Five Points apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Landings | The Tennessee- Full Apartment | 3BR,2BA | $799 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $935 |
| North Hills Apartments | The Glen | 1BR,1BA | $935 |
| The Shiloh Ridge Apartments | 2 Bed | 2BR,1BA | $950 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $1,075 |
| Graham Apartments | 1X1 201-204 | 1BR,1BA | $1,100 |
| The Adelade | Cosmina | Studio,1BA | $1,125 |
| City South Apartments | Studio - 612 | 1BR,1BA | $1,133 |
| Southmont Apartments | Two Bedroom | 2BR,1BA | $1,200 |
| The Dandridge | Three Bed One Bath | 3BR,1BA | $1,300 |
Best Value Apartments for Rent in Five Points, TN
As of December 17, 2025 the best value apartment in the Five Points 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 Five Points apartment is the The French Broad Model at Rivers Edge Apartments starting at $2,300 with a $1.71 price per square foot in the North Knoxville neighborhood. Here is today’s list of the best values for Five Points 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 |
| Rivers Edge Apartments | The French Broad | 3BR,2BA | $1.71 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.89 |
| The Dandridge | Three Bed One Bath - UPG | 3BR,1BA | $1.60 |
| First Creek at Austin | 2 BR | 2BR,1BA | $1.48 |
| The Shiloh Ridge Apartments | 1 Bed | 1BR,1BA | $1.59 |
| South Banks at Suttree Landing | 1 Bedroom | 1BR,1BA | $1.88 |
| North Hills Apartments | The Peak | 1BR,1BA | $1.50 |
| The Adelade | Cosmina | Studio ,1BA | $1.96 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
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 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 LifestyleFive Points, Knoxville, TN
Ranked #15
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
This website compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Five Points, Knoxville, and the greater Knoxville area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, multifamily communities for the kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.
Getting Around the Five Points Neighborhood in Knoxville, TN
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
37 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Five Points Apartments
What is a cheap apartment in Five Points?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $1,300.
What is the price of a cheap apartment in Five Points?
The cheapest apartment in Five Points is Morningside Gardens Apartments which is listed at $935, while the average apartment in Five Points costs $1,948.
What types of apartments are the cheapest in Five Points?
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 192 regular apartments in Five Points 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 Five Points?
Cheap apartments in Five Points have an average cost of $1,342 which is $606 cheaper than the average rent for all rentals in Five Points.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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!


















