Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $700 (21 Rentals)

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

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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
  • Utilities Included
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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
  • Utilities Included

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Gardens at Knoxwood
1 to 3 Bedroom Apartments

Gardens at Knoxwood

2627 Wimpole AveKnoxville, TN 37914
  • Utilities Included
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Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included

Island Home, Knoxville, TN Local Guide

Cheapest Available Island Home Apartments for Rent

 

The cheapest available apartment rental in the Island Home 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 Island Home 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
Evergreen TerraceOne Bedroom remodel1BR,1BA$985
City South ApartmentsStudio - 612Studio,1BA$1,023
Southside Flats1A Type B 60%1BR,1BA$1,054

Best Value Apartments for Rent in Island Home, TN

As of September 15, 2025 the best value apartment in the Island Home area is the $0.13 price per square foot 4001 Island Home Pike Model at 4001 Island Home Pike, Unit 1 in the in the South Knoxville neighborhood starting from $1,200. The second greatest value Island Home apartment is the 3-B Type B-50%-PBV/ Low ARD Model at Young High Flats starting at $1,892 with a $1.55 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 ListingModel NameBed/BathPrice Per Sq.Ft.
4001 Island Home Pike, Unit 14001 Island Home Pike2BR,1BA$0.13
Young High Flats3-B Type B-50%-PBV/ Low ARD3BR,2BA$1.55
The HenleyUrban2BR,2BA$1.46
The DandridgeThree Bed One Bath - UPG3BR,1BA$1.60
Red Bud Apartments2Bd/1.5Ba2BR,1.5BA$1.50
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
Southside Flats1A Type B 60%1BR,1BA$1.58
Evergreen TerraceOne Bedroom remodel1BR,1BA$1.70

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Pet Friendly Lifestyle
Island Home, Knoxville, TN

Ranked #22

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

What is the Cheapest Studio apartment in Island Home?

Currently the most affordable Cheap Studio Apartment in Island Home is at City South Apartments listed at $1,023.

How much is rent for a Cheap One Bedroom Island Home Apartment?

The lowest price for a Cheap One Bedroom Island Home Apartment is $935 at Morningside Gardens Apartments.

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 $1,100 at The Dandridge.

What is the most affordable Island Home Three Bedroom Apartment?

The best deal on a cheap Island Home Three Bedroom Apartment rental is at The Landings and starts from $799.

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.