
Cheap Apartments for Rent in the Five Points Neighborhood of Knoxville, TN from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Knoxville.


612 South Studios

City South Apartments

Morningside Gardens Apartments
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.

North Hills Apartments

2323 E Magnolia Ave, Unit 3

1919 Hoitt Ave

Summit Towers

140 Jennings Ave

The Dandridge

First Creek at Austin
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.

The Adelade

2055 Washington Ave
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.
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

How much does it cost to rent an apartment in Five Points?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Five Points Studio Apartments | $1,945 | $800 | $3,749 |
Five Points 1 Bedroom Apartments | $1,951 | $780 | $6,143 |
Five Points 2 Bedroom Apartments | $2,586 | $1,080 | $6,742 |
Five Points 3 Bedroom Apartments | $2,920 | $999 | $4,195 |
Five Points 4 Bedroom Apartments | $1,646 | $1,199 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 29 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
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- ZIP codes
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- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
City South Apartments | Studio - 612 | Studio,1BA | $924 |
Riverview Park | 2 X 2 | 2BR,2BA | $925 |
Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $935 |
North Hills Apartments | The Glen | 1BR,1BA | $975 |
The Dandridge | Two Bedroom - One Bath | 2BR,1BA | $1,100 |
Maplehurst | 1 Bedroom | 1BR,1BA | $1,165 |
The Adelade | Bodhi | 1BR,1BA | $1,300 |
Gardens at Knoxwood | 2x1 | 2BR,1BA | $1,304 |
Highland Terrace Communities | Highland Terrace 2 Bedroom 1 Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
401 E Scott Ave, Unit 401-1 | 401 E Scott Ave | 2BR,1BA | $1.50 |
Rivers Edge Apartments | The Tennessee | 2BR,2BA | $1.90 |
First Creek at Austin | 2 BR | 2BR,1BA | $1.48 |
Riverview Park | 2 X 2 | 2BR,2BA | $0.95 |
The Davy | B2 | 2BR,2BA | $1.81 |
The Dandridge | Two Bed OneBath - UPG | 2BR,1BA | $1.58 |
Highland Terrace Communities | Highland Terrace 2 Bedroom 1 Bath | 2BR,1BA | $1.78 |
North Hills Apartments | The Peak | 1BR,1BA | $1.39 |
Gardens at Knoxwood | 2x1 | 2BR,1BA | $1.88 |
Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFive Points, Knoxville, TN
Ranked #15
Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,338.
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.

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.

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.

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.

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.