Cheap Apartments for Rent in the Five Points Neighborhood of Knoxville, TN from $500 (29 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

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2601-2609 Bridalwood Dr
2 Bedroom Apartments

2601-2609 Bridalwood Dr

2601-2609 Bridalwood DrKnoxville, TN 37917
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1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Hillwood Villas
1 to 2 Bedroom Apartments

Hillwood Villas

1642 Hillwood DrKnoxville, TN 37920
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The Flats at The Pike
1 to 2 Bedroom Apartments

The Flats at The Pike

1501 Washington PikeKnoxville, TN 37917
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Riverview Park
2 to 3 Bedroom Apartments

Riverview Park

3219 River Maple WayKnoxville, TN 37914
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The Highland On Laurel
1 Bedroom Apartments

The Highland On Laurel

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

Sterchi's Lofts

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

The Highland V

1523 Highland AveKnoxville, TN 37916
Student Housing

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Five Points, Knoxville, TN Local Guide

Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points area of Knoxville, TN is a Studio unit found at City South Apartments priced from $924. Riverview Park has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here are the most affordable Five Points apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
City South ApartmentsStudio - 612Studio,1BA$924
Riverview Park2 X 22BR,2BA$925
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
North Hills ApartmentsThe Glen1BR,1BA$975
The DandridgeTwo Bedroom - One Bath2BR,1BA$1,100
Maplehurst1 Bedroom1BR,1BA$1,165
The AdeladeBodhi1BR,1BA$1,300
Gardens at Knoxwood2x12BR,1BA$1,304
Highland Terrace CommunitiesHighland Terrace 2 Bedroom 1 Bath2BR,1BA$1,338

Best Value Apartments for Rent in Five Points, TN

As of June 10, 2025 the best value apartment in the Five Points area is the $1.50 price per square foot 401 E Scott Ave Model at 401 E Scott Ave, Unit 401-1 in the in the West Knoxville neighborhood starting from $1,650. The second greatest value Five Points apartment is the The Tennessee Model at Rivers Edge Apartments starting at $2,034 with a $1.90 price per square foot in the East Knoxville neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
401 E Scott Ave, Unit 401-1401 E Scott Ave2BR,1BA$1.50
Rivers Edge ApartmentsThe Tennessee2BR,2BA$1.90
First Creek at Austin2 BR2BR,1BA$1.48
Riverview Park2 X 22BR,2BA$0.95
The DavyB22BR,2BA$1.81
The DandridgeTwo Bed OneBath - UPG2BR,1BA$1.58
Highland Terrace CommunitiesHighland Terrace 2 Bedroom 1 Bath2BR,1BA$1.78
North Hills ApartmentsThe Peak1BR,1BA$1.39
Gardens at Knoxwood2x12BR,1BA$1.88
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Five Points, Knoxville, TN

Ranked #15

Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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 $1,338.

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 $2,899.

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 60 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 $1,153 which is $1,746 cheaper than the average rent for all rentals in Five Points.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.