Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $650 (47 Rentals)

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

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee

Discover why Knoxville, Tennessee is one of the South's best places to rent. Explore top neighborhoods, universities, restaurants, and everything the city has to offer.

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property at 805 E Red Bud Rd
$1,200
2 Bedroom Rentals
Available Now
Affordability

805 E Red Bud Rd

KnoxvilleTN37920

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property at 724 Ben Hur Ave
$1,350

Total Monthly Price

Base Rent$1,350
Total Monthly Price$1,350
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

724 Ben Hur Ave

KnoxvilleTN37915
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612 South Studios
Studio Apartments

612 South Studios

612 Gertrude AveKnoxville, TN 37920
Corporate Housing
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Hillwood Villas
1 to 2 Bedroom Apartments

Hillwood Villas

1642 Hillwood DrKnoxville, TN 37920
  • 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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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
property at 204 Wynn Ave
$1,095
2 Bedroom Rentals
Available Sep 18
Cost Per Sq.Ft.

204 Wynn Ave

KnoxvilleTN37920

Knoxville's Best Affordable Neighborhoods

Learn about Knoxville and the best places to live with original content written by our Local Expert Wendy Melton

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Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included
property at 228 Hawthorne Ave
$1,345
2 Bedroom Rentals
Available Sep 11
Cost Per Sq.Ft.

228 Hawthorne Ave

KnoxvilleTN37920

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Showing Results 1-47, 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 Evergreen Terrace priced from $900. Morningside Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here are the most affordable Island Home apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Evergreen TerraceOne Bedroom remodel1BR,1BA$900
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$945
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$950
The DandridgeTwo Bed OneBath - UPG2BR,1BA$999
The Shiloh Ridge Apartments2 Bed2BR,1BA$999
Oak Crest ApartmentsTwo Bedroom2BR,2BA$1,000
Villas Knoxville | Student HousingRS-C1.23BR,3BA$1,059
Southside Flats1A Type B 60%1BR,1BA$1,095
The Scene at 23001BR/1.0BA1BR,1BA$1,099
Red Bud Apartments2Bd/1Ba2BR,1BA$1,100

Best Value Apartments for Rent in Island Home, TN

As of September 10, 2026 the best value apartment in the Island Home area is the $1.30 price per square foot 217 Beta Dr Model at 217 Beta Dr, Unit 217 in the in the South Knoxville neighborhood starting from $1,800. The second greatest value Island Home 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 Island Home apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
217 Beta Dr, Unit 217217 Beta Dr3BR,2BA$1.30
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.83
Red Bud Apartments2Bd/1.5Ba2BR,1.5BA$0.92
Young High Flats2-A Type A-60%2BR,2BA$1.37
Flagship Kern's ApartmentsAcademic Year 2026 - 2027 - B12BR,2BA$1.11
The DandridgeTwo Bed OneBath - UPG2BR,1BA$1.21
The Shiloh Ridge Apartments2 Bed2BR,1BA$1.21
Knox Row2x12BR,1BA$1.30
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$1.46
Evergreen TerraceOne Bedroom remodel1BR,1BA$1.55

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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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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Pet Friendly Lifestyle
Island Home, Knoxville, TN

Ranked #28

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 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 $1,100.

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 $1,657.

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 149 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 $1,231 which is $426 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.

Helpful Local Expert Guides

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Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee

Written by: Wendy Melton

Knoxville, Tennessee, is a jewel in the heart of the South. Many travelers who pass through often return again and again because of the hospitality and friendliness of local residents.

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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.

decorative image for Knoxvilles College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting article

Knoxvilles College Scene: An Expert's 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.

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.

Articles, How-To's, and Tips

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.