Cheap Apartments for Rent in the Five Points Neighborhood of Knoxville, TN from $500 (43 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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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.

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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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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
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Hillwood Villas
1 to 2 Bedroom Apartments

Hillwood Villas

1642 Hillwood DrKnoxville, TN 37920
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Riverview Park
2 to 3 Bedroom Apartments

Riverview Park

3219 River Maple WayKnoxville, TN 37914
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612 South Studios
Studio Apartments

612 South Studios

612 Gertrude AveKnoxville, TN 37920
Corporate Housing

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.

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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
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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-43, Page 1 of 1

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 1 Bed unit found at 16th Place Apartments priced from $880. Morningside Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here are the most affordable Five Points apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
16th Place ApartmentsOne Bedroom1BR,1BA$880
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$945
North Hills ApartmentsThe Peak1BR,1BA$995
The Shiloh Ridge Apartments2 Bed2BR,1BA$999
Oak Crest ApartmentsTwo Bedroom2BR,2BA$1,000
MaplehurstEfficiencyStudio,1BA$1,025
2436 Belvedere AveStudioStudio,1BA$1,075
Southmont ApartmentsTwo Bedroom2BR,1BA$1,199
Graham Apartments1X1 201-2041BR,1BA$1,200
First Creek at Austin1 BR1BR,1BA$1,225

Best Value Apartments for Rent in Five Points, TN

As of June 17, 2026 the best value apartment in the Five Points area is the $2.06 price per square foot The Daniel - 413 Model at The Daniel in the in the Holston Hills neighborhood starting from $3,200. The second greatest value Five Points apartment is the Two Bedroom Model at Oak Crest Apartments starting at $1,000 with a $0.83 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.
The DanielThe Daniel - 4132BR,2BA$2.06
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.83
1422 Coker Ave, Unit Apt 21422 Coker Ave1BR,1BA$1.51
The Shiloh Ridge Apartments2 Bed2BR,1BA$1.21
Knox High ApartmentsOne Bedroom1BR,1BA$1.94
River’s Edge ApartmentsThe Holston1BR,1BA$2.11
North Hills ApartmentsThe Peak1BR,1BA$1.33
First Creek at Austin1 BR1BR,1BA$1.78
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$1.73
2436 Belvedere AveStudioStudio ,1BA$2.22

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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Quick 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.

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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.

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 $1,225.

What is the price of a cheap apartment in Five Points?

The cheapest apartment in Five Points is 16th Place Apartments which is listed at $880, while the average apartment in Five Points costs $2,399.

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 150 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 $1,401 which is $998 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.

Helpful Local Expert Guides

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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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Knoxvilles College Scene: An Experts 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.

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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.

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Welcome to Knoxville: A Local Experts 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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.