Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $700 (35 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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Cherokee Ridge Apartments
$950 - $1,230
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $1,190
Required Monthly Fees
$40
Total Monthly Price
$950 - $1,230
1 to 2 Bedroom Apartments Available Now

Cherokee Ridge Apartments

301 Woodlawn PikeKnoxville, TN 37920
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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Evergreen Terrace
$985 - $1,010
Total Monthly Price

Total Monthly Price

Base Rent
$965 - $990
Required Monthly Fees
$20
Total Monthly Price
$985 - $1,010
1 Bedroom Apartments Contact Us For Availability

Evergreen Terrace

1119 Baker AveKnoxville, TN 37920
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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Southmont Apartments
Rent Specials
$1,199 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,179 - $1,355
Required Monthly Fees
$20
Total Monthly Price
$1,199 - $1,375
2 Bedroom Apartments Available Now

Southmont Apartments

1415 E Moody AveKnoxville, TN 37920
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Adelade
$1,275 - $1,709
Total Monthly Price

Total Monthly Price

Base Rent
$1,142 - $1,576
Required Monthly Fees
$133
Total Monthly Price
$1,275 - $1,709
Studio to 2 Bedroom Apartments Available Now

The Adelade

2701 Sevier AveKnoxville, TN 37920
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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property at 326 Howell Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

326 Howell Ave

KnoxvilleTN37920
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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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Red Bud
1 to 2 Bedroom Apartments

Red Bud

430 & 500 E Redbud RdKnoxville, TN 37920

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612 South Studios
Studio Apartments

612 South Studios

612 Gertrude AveKnoxville, TN 37920
Corporate Housing
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The Daniel
Studio to 2 Bedroom Apartments

The Daniel

118 W Jackson AveKnoxville, TN 37902
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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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Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Showing Results 1-35, Page 1 of 1

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 1 Bed unit found at Red Bud Apartments priced from $900. Oak Crest Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $950. Here are the most affordable Island Home apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Red Bud Apartments1Bd/1Ba1BR,1BA$900
Oak Crest ApartmentsThree Bedroom3BR,2BA$950
The Shiloh Ridge Apartments2 Bed2BR,1BA$950
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$950
Red Bud1 Bedroom 1 Bath - 495361BR,1BA$975
The DanielThe Daniel - 219Studio,1BA$980
Southside Flats1A Type B 60%1BR,1BA$1,045
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$1,070
2436 Belvedere AveStudioStudio,1BA$1,075
Southmont ApartmentsTwo Bedroom2BR,1BA$1,199

Best Value Apartments for Rent in Island Home, TN

As of April 06, 2026 the best value apartment in the Island Home area is the $0.81 price per square foot Two Bedroom Model at Oak Crest Apartments in the in the North Knoxville neighborhood starting from $975. The second greatest value Island Home apartment is the 710 Phillips Ave Model at 710 Phillips Ave, Unit 710-2 starting at $1,850 with a $1.68 price per square foot in the North 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.
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.81
710 Phillips Ave, Unit 710-2710 Phillips Ave2BR,1BA$1.68
The DandridgeThree Bed One Bath - UPG3BR,1BA$1.60
Red Bud Apartments2Bd/1.5Ba2BR,1.5BA$1.25
Young High Flats2-A Type B-60%2BR,2BA$1.31
The Shiloh Ridge Apartments3 bed3BR,1BA$1.17
Rivers Edge ApartmentsThe Holston1BR,1BA$1.67
Red Bud1 Bedroom 1 Bath - 493981BR,1BA$1.30
Southside Flats1A Type B 60%1BR,1BA$1.56
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$1.46

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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
Island Home, Knoxville, TN

Ranked #24

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 price of a cheap apartment in Island Home?

The cheapest apartment in Island Home is Red Bud Apartments which is listed at $900, while the average apartment in Island Home costs $1,910.

What types of apartments are the cheapest in Island Home?

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 114 regular apartments in Island Home 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 Island Home?

Cheap apartments in Island Home have an average cost of $1,108 which is $802 cheaper than the average rent for all rentals in Island Home.

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

decorative image for An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN article

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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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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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.