
Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $800 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island Home area of Knoxville.


Morningside Gardens Apartments

Total Monthly Price
Evergreen Terrace

Red Bud Apartments

City South Apartments

Oak Crest Apartments
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.

2436 Belvedere Ave

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1933 Saxton Ave

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The Shiloh Ridge Apartments

Total Monthly Price
Southmont Apartments

First Creek at Austin

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The Adelade
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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.

The Dandridge

The Henley

2400 Woodbine Ave

2400 Woodbine Ave, Unit 2400 Woodbine Ave Unit 2

3915 Holston Hills Rd

Red Bud
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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.

Hillwood Villas

Riverview Park

Southside Flats

Chapman Square Apartments

Hidden Ridge Apartments

Young High Flats
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.

Yardley Flats Apartments

The Medical Arts Building
Island Home, Knoxville, TN Local Guide

How much does it cost to rent an apartment in Island Home?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Home Studio Apartments | $1,418 | $800 | $1,743 |
| Island Home 1 Bedroom Apartments | $1,629 | $945 | $2,428 |
| Island Home 2 Bedroom Apartments | $1,838 | $1,000 | $3,052 |
| Island Home 3 Bedroom Apartments | $1,723 | $899 | $2,675 |
| Island Home 4 Bedroom Apartments | $1,089 | $829 | $1,448 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Island Home Neighborhood of Knoxville, TN.
See all Apartments in KnoxvilleExplore Knoxville
Island Home, Knoxville, TN Local Guide
- Nearby Knoxville neighborhoods
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Cheapest Available Island Home Apartments for Rent
 The cheapest available apartment rental in the Island Home area of Knoxville, TN is a 1 Bed unit found at Evergreen Terrace priced from $985. Red Bud Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,000. Here are the most affordable Island Home apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $985 |
| Red Bud Apartments | 2Bd/1Ba | 2BR,1BA | $1,000 |
| City South Apartments | Studio - 612 | 1BR,1BA | $1,064 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,070 |
| 2436 Belvedere Ave | Studio | Studio,1BA | $1,075 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $1,075 |
| The Shiloh Ridge Apartments | 2 Bed | 2BR,1BA | $1,150 |
| Southmont Apartments | Two Bedroom | 2BR,1BA | $1,200 |
| First Creek at Austin | 1 BR | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Island Home, TN
As of February 19, 2026 the best value apartment in the Island Home area is the $0.89 price per square foot Two Bedroom Model at Oak Crest Apartments in the in the North Knoxville neighborhood starting from $1,075. The second greatest value Island Home apartment is the 2Bd/1.5Ba Model at Red Bud Apartments starting at $1,000 with a $1.00 price per square foot in the South Knoxville neighborhood. Here is today’s list of the best values for Island Home apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.89 |
| Red Bud Apartments | 2Bd/1.5Ba | 2BR,1.5BA | $1.00 |
| The Dandridge | Three Bed One Bath - UPG | 3BR,1BA | $1.60 |
| Young High Flats | 2-A Type B-60% | 2BR,2BA | $1.31 |
| The Shiloh Ridge Apartments | 3 bed | 3BR,1BA | $1.50 |
| Rivers Edge Apartments | The Holston | 1BR,1BA | $1.82 |
| 2400 Woodbine Ave, Unit 2400 Woodbine Ave Unit 2 | 2400 Woodbine Ave | 2BR,1BA | $1.73 |
| The Henley | Metro | 1BR,1BA | $1.70 |
| First Creek at Austin | 1 BR | 1BR,1BA | $1.78 |
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $1.70 |
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.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleIsland Home, Knoxville, TN
Ranked #26
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Tennessee and customized analysis for Knoxville, Tennessee. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, places to raise kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Island Home Apartments
How much is rent for a Cheap One Bedroom Island Home Apartment?
The lowest price for a Cheap One Bedroom Island Home Apartment is $985 at Evergreen Terrace.
What is the lowest price for a Cheap Two Bedroom Island Home Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Island Home is starting from $1,000 at Red Bud Apartments.
What is the most affordable Island Home Three Bedroom Apartment?
The best deal on a cheap Island Home Three Bedroom Apartment rental is at Oak Crest Apartments and starts from $1,150.
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.
Articles, How-To's, and Tips

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.