Cheap Apartments for Rent in the Five Points Neighborhood of Knoxville, TN from $500 (35 Rentals)

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

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2601-2609 Bridalwood Dr
2 Bedroom Apartments

2601-2609 Bridalwood Dr

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

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916
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16th Place Apartments
1 to 3 Bedroom Apartments

16th Place Apartments

1539-1543 Highland AveKnoxville, TN 37916
  • Utilities Included

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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
  • Utilities Included
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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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The Flats at The Pike
1 to 2 Bedroom Apartments

The Flats at The Pike

1501 Washington PikeKnoxville, TN 37917
  • 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
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Gardens at Knoxwood
1 to 3 Bedroom Apartments

Gardens at Knoxwood

2627 Wimpole AveKnoxville, TN 37914
  • Utilities Included

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 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 ListingModel NameBed/BathPriced From
The LandingsThe Tennessee- Limited Availability3BR,2BA$799
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
MaplehurstEfficiencyStudio,1BA$969
Highland Terrace CommunitiesHighland Terrace 1 Bed 1 Bath1BR,1BA$999
City South ApartmentsStudio - 612Studio,1BA$1,036
The DandridgeOne Bed One Bath - UPG1BR,1BA$1,050
North Hills ApartmentsThe Peak1BR,1BA$1,050
2436 Belvedere AveStudioStudio,1BA$1,074
Graham Apartments1X1 201-2041BR,1BA$1,100

Best Value Apartments for Rent in Five Points, TN

As of September 17, 2025 the best value apartment in the Five Points area is the $1.32 price per square foot 2-bedroom Model at Emporium Lofts in the in the West Knoxville neighborhood starting from $1,900. The second greatest value Five Points apartment is the The French Broad Model at Rivers Edge Apartments starting at $2,297 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Emporium Lofts2-bedroom2BR,1BA$1.32
Rivers Edge ApartmentsThe French Broad3BR,2BA$1.71
First Creek at Austin2 BR2BR,1BA$1.48
2436 Belvedere Ave2 Bedroom2BR,1.5BA$1.59
2400 Woodbine Ave, Unit 2400 Woodbine Ave Unit 22400 Woodbine Ave2BR,1BA$1.60
Knox High ApartmentsStudioStudio ,1BA$1.67
North Hills ApartmentsThe Peak1BR,1BA$1.50
3935 Linden Ave, Unit 23935 Linden Ave1BR,1BA$1.60
The DandridgeOne Bed One Bath - UPG1BR,1BA$1.75
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71

Quick Rent Budget Calculator

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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
Five Points, Knoxville, TN

Ranked #18

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

Pet Friendliness Lifestyle Score

3.5
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 $1,100.

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 $2,293.

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 128 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 $1,236 which is $1,057 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 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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.