Cheap Homes for Rent in Five Points Neighborhood of Knoxville, TN from $600 (14 Rentals)

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Search the lowest-cost Homes 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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property at 1507 Highland Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

4 Bedroom, 2 Bath Condo for Rent

Available Jul 1

1507 Highland Ave, Unit #B402

1507 Highland Ave
KnoxvilleTN37916

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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Showing Results 1-14, 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
The Shiloh Ridge Apartments2 Bed2BR,1BA$999
Oak Crest ApartmentsTwo Bedroom2BR,2BA$1,000
MaplehurstEfficiencyStudio,1BA$1,025

Best Value Apartments for Rent in Five Points, TN

As of May 30, 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
The DavyB22BR,2BA$1.63
Burlington Commons2 Bedroom 1 Bath2BR,1BA$1.30
The Shiloh Ridge Apartments2 Bed2BR,1BA$1.21
River’s Edge ApartmentsThe Holston1BR,1BA$2.19
Knox High ApartmentsOne Bedroom1BR,1BA$2.10
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 #17

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Five Points

What type of rentals are currently available in Five Points?

There are currently 245 Apartments for Rent in Five Points, TN with pricing that ranges from $829 to $4,785. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $625 to $3,495.

What is the current price range for Rental Homes in Five Points?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points ranges from $625 to $3,495 with an average monthly rent of $1,683.

How much are larger Three and Four Bedroom Rentals in Five Points?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Five Points range from $899 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $3,495. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $829.

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.

Articles, How-To's, and Tips

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.