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Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $800 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island Home area of Knoxville.
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from $800Studio Apartments Contact Us For Availability
612 South Studios
612 Gertrude AveKnoxville, TN 37920
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from $9351 Bedroom Apartments Contact Us For Availability
Morningside Gardens Apartments
1800 Linden AveKnoxville, TN 37917
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from $1,0001 to 2 Bedroom Apartments Available Now
Red Bud Apartments
743-915 E Red Bud RdKnoxville, TN 37920
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from $1,085Studio to 1 Bedroom Apartments Available Now
Villas Knoxville
1440 Cityside LnKnoxville, TN 37920
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.
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from $1,1002 to 3 Bedroom Apartments Available Now
The Dandridge
2040 Dandridge AveKnoxville, TN 37915
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from $1,140Studio to 2 Bedroom Apartments Available Now
City South Apartments
2004 City Vista WayKnoxville, TN 37920
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from $1,2251 to 2 Bedroom Apartments Available Now
First Creek at Austin
1250 Burge DrKnoxville, TN 37915
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from $1,275Studio to 2 Bedroom Apartments Available Now
The Adelade
2701 Sevier AveKnoxville, TN 37920
2055 Washington Ave
KnoxvilleTN37917
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.
3007 Marble Hill Blvd
KnoxvilleTN37914
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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.
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Showing Results 1-20, Page 1 of 1
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 | $1,782 | $800 | $3,766 |
| Island Home 1 Bedroom Apartments | $1,982 | $800 | $5,489 |
| Island Home 2 Bedroom Apartments | $2,323 | $1,100 | $6,522 |
| Island Home 3 Bedroom Apartments | $2,480 | $999 | $3,895 |
| Island Home 4 Bedroom Apartments | $1,262 | $1,199 | $1,299 |
Browse Apartments in this Neighborhood
There are currently 20 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 $800. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evergreen Terrace | One Bedroom | 1BR,1BA | $800 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $935 |
| Villas Knoxville | S1 | Studio,1BA | $1,085 |
| The Dandridge | Two Bedroom - One Bath | 2BR,1BA | $1,100 |
| Gardens at Knoxwood | 2x1 | 2BR,1BA | $1,304 |
Best Value Apartments for Rent in Island Home, TN
As of June 21, 2025 the best value apartment in the Island Home area is the $1.79 price per square foot The French Broad Model at Rivers Edge Apartments in the in the North Knoxville neighborhood starting from $2,411. The second greatest value Island Home apartment is the 2Bd/1.5Ba Model at Red Bud Apartments starting at $1,500 with a $1.50 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. |
|---|---|---|---|
| Rivers Edge Apartments | The French Broad | 3BR,2BA | $1.79 |
| Red Bud Apartments | 2Bd/1.5Ba | 2BR,1.5BA | $1.50 |
| First Creek at Austin | 2 BR | 2BR,1BA | $1.48 |
| Riverview Park | 2 X 2 | 2BR,2BA | $0.95 |
| The Henley | The Sterling | 1BR,1BA | $1.50 |
| 1703 E 5th Ave, Unit 2 | 1703 E 5th Ave | 1BR,1BA | $1.28 |
| 2436 Belvedere Ave, Unit 2436 Belvedere Unit 1 | 2436 Belvedere Ave | 2BR,1.5BA | $1.80 |
| The Dandridge | Two Bed OneBath - UPG | 2BR,1BA | $1.58 |
| Evergreen Terrace | One Bedroom | 1BR,1BA | $1.53 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
Quick Rent Budget Calculator
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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 LifestyleIsland Home, Knoxville, TN
Ranked #26
Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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
What is a cheap apartment in Island Home?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Island Home is under $1,500.
What is the price of a cheap apartment in Island Home?
The cheapest apartment in Island Home is Evergreen Terrace which is listed at $900, while the average apartment in Island Home costs $2,749.
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 50 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 $1,002 which is $1,747 cheaper than the average rent for all rentals in Island Home.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.