
Cheap Homes for Rent in the Island Home Neighborhood of Knoxville, TN from $925 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Home area of Knoxville.


109 N Cruze St

476 E Red Bud Rd

204 Wynn Ave

220 Taliwa Gardens Dr

515 Ben Hur Ave, Unit B
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.

3500 Sevier Ave

228 Hawthorne Ave

1808 Lombard Pl

2554 Martin Luther King Jr Ave

1910 Dodson Ave

2913 Brooks Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Island Home, Knoxville, TN Local Guide

How much does it cost to rent a home in Island Home?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Home 2 Bedroom Homes for Rent | $1,988 | $1,095 | $3,500 |
| Island Home 3 Bedroom Homes for Rent | $1,999 | $1,600 | $3,400 |
| Island Home 4 Bedroom Homes for Rent | $1,930 | $1,795 | $2,100 |
| Island Home 5 Bedroom Homes for Rent | $2,497 | $2,395 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Island Home Neighborhood of Knoxville, TN.
Explore Knoxville
Island Home, Knoxville, TN Local Guide
- Nearby Knoxville neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $900 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $945 |
| Red Bud | 1 Bedroom 1 Bath - 82912 | 1BR,1BA | $995 |
| The Dandridge | Two Bed OneBath - UPG | 2BR,1BA | $999 |
| The Shiloh Ridge Apartments | 2 Bed | 2BR,1BA | $999 |
Best Value Apartments for Rent in Island Home, TN
As of August 25, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 217 Beta Dr, Unit 217 | 217 Beta Dr | 3BR,2BA | $1.30 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.83 |
| Red Bud Apartments | 2Bd/1.5Ba | 2BR,1.5BA | $0.92 |
| Young High Flats | 2-A Type A-60% | 2BR,2BA | $1.37 |
| Cherokee Ridge Apartments | The Sequoya | 2BR,1BA | $1.33 |
| Flagship Kern's Apartments | Academic Year 2026 - 2027 - B1 | 2BR,2BA | $1.11 |
| The Dandridge | Two Bed OneBath - UPG | 2BR,1BA | $1.21 |
| The Shiloh Ridge Apartments | 2 Bed | 2BR,1BA | $1.21 |
| University Park | 2x1 | 2BR,1BA | $1.31 |
| Red Bud | 1 Bedroom 1 Bath - 82912 | 1BR,1BA | $1.40 |
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.
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleIsland Home, Knoxville, TN
Ranked #26
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Island Home
What type of rentals are currently available in Island Home?
There are currently 127 Apartments for Rent in Island Home, TN with pricing that ranges from $699 to $5,079. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Home ranging from $925 to $3,500.
What is the current price range for Rental Homes in Island Home?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island Home ranges from $925 to $3,500 with an average monthly rent of $1,927.
How much are larger Three and Four Bedroom Rentals in Island Home?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Island Home range from $799 to $4,636, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $699.
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

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.

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.

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.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.