Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $800 (26 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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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 Available Now

Evergreen Terrace

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

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1933 Saxton Ave
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100
1 Bedroom Apartment Available Now

1933 Saxton Ave

1933 Saxton AveKnoxville, TN 37915
Furnished
  • Smoke Free
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The Shiloh Ridge Apartments
Rent Specials
$1,150 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$990 - $1,190
Required Monthly Fees
$160

Total Monthly Price
$1,150 - $1,350
2 to 3 Bedroom Apartments Available Now

The Shiloh Ridge Apartments

2627 Wimpole AveKnoxville, TN 37914
Affordability
  • Verified
  • 3D Tour
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Southmont Apartments
$1,200 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,180 - $1,355
Required Monthly Fees
$20

Total Monthly Price
$1,200 - $1,375
2 Bedroom Apartments Available Now

Southmont Apartments

1415 E Moody AveKnoxville, TN 37920
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Adelade
$1,275 - $1,648
Total Monthly Price

Total Monthly Price

Base Rent
$1,167 - $1,540
Required Monthly Fees
$108

Total Monthly Price
$1,275 - $1,648
Studio to 2 Bedroom Apartments Available Mar 17

The Adelade

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

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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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Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included

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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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Yardley Flats Apartments
1 to 2 Bedroom Apartments

Yardley Flats Apartments

215 Florida StKnoxville, TN 37915
Student Housing
  • Smoke Free

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 $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 ListingModel NameBed/BathPriced From
Evergreen TerraceOne Bedroom remodel1BR,1BA$985
Red Bud Apartments2Bd/1Ba2BR,1BA$1,000
City South ApartmentsStudio - 6121BR,1BA$1,064
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$1,070
2436 Belvedere AveStudioStudio,1BA$1,075
Oak Crest ApartmentsTwo Bedroom2BR,2BA$1,075
The Shiloh Ridge Apartments2 Bed2BR,1BA$1,150
Southmont ApartmentsTwo Bedroom2BR,1BA$1,200
First Creek at Austin1 BR1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.89
Red Bud Apartments2Bd/1.5Ba2BR,1.5BA$1.00
The DandridgeThree Bed One Bath - UPG3BR,1BA$1.60
Young High Flats2-A Type B-60%2BR,2BA$1.31
The Shiloh Ridge Apartments3 bed3BR,1BA$1.50
Rivers Edge ApartmentsThe Holston1BR,1BA$1.82
2400 Woodbine Ave, Unit 2400 Woodbine Ave Unit 22400 Woodbine Ave2BR,1BA$1.73
The HenleyMetro1BR,1BA$1.70
First Creek at Austin1 BR1BR,1BA$1.78
Evergreen TerraceOne Bedroom remodel1BR,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.

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Pet Friendly Lifestyle
Island Home, Knoxville, TN

Ranked #26

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

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

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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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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.

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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.