1939 McCalla Ave
KnoxvilleTN37915
Cheap Homes for Rent in the Island Home Neighborhood of Knoxville, TN from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Home area of Knoxville.
482 E Red Bud Rd
KnoxvilleTN37920
204 Wynn Ave
KnoxvilleTN37920
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$1,0952 Bedroom Apartments Available Jul 13
302 N Olive St, Unit 201
302 N Olive StKnoxville, TN 37917
3500 Sevier Ave
KnoxvilleTN37920
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2911 Brooks Ave
KnoxvilleTN37914
2509 Parkview Ave
KnoxvilleTN37914
1103 Biddle St
KnoxvilleTN37914
228 Hawthorne Ave
KnoxvilleTN37920
2554 Martin Luther King Jr Ave
KnoxvilleTN37914
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
2913 Brooks Ave
KnoxvilleTN37914
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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 | $1,503 | $995 | $2,000 |
| Island Home 3 Bedroom Homes for Rent | $2,184 | $1,700 | $3,295 |
| Island Home 4 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
| Island Home 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Island Home Neighborhood of Knoxville, TN.
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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 $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 | 2 Bedroom 1 Bath - 70173 | 2BR,1BA | $950 |
| 1901 E. 5th Ave - NEW Flint Rock - FL | 1901 E. 5th Ave - NEW Flint Rock - FL - 02 | 2BR,1BA | $995 |
| The Shiloh Ridge Apartments | 2 Bed | 2BR,1BA | $999 |
Best Value Apartments for Rent in Island Home, TN
As of July 10, 2026 the best value apartment in the Island Home area is the $0.83 price per square foot Two Bedroom Model at Oak Crest Apartments in the in the North Knoxville neighborhood starting from $1,000. The second greatest value Island Home apartment is the Urban Model at The Henley starting at $1,706 with a $1.55 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. |
|---|---|---|---|
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.83 |
| The Henley | Urban | 2BR,2BA | $1.55 |
| Young High Flats | 2-A Type A-60% | 2BR,2BA | $1.31 |
| The Shiloh Ridge Apartments | 2 Bed | 2BR,1BA | $1.21 |
| Red Bud | 2 Bedroom 1 Bath - 71550 | 2BR,1BA | $1.54 |
| First Creek at Austin | 1 BR | 1BR,1BA | $1.78 |
| Southside Flats | 1A Type B 60% | 1BR,1BA | $1.64 |
| 1901 E. 5th Ave - NEW Flint Rock - FL | 1901 E. 5th Ave - NEW Flint Rock - FL - 02 | 2BR,1BA | $1.53 |
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $1.55 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.73 |
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 Article
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.
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.
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Pet Friendly LifestyleIsland Home, Knoxville, TN
Ranked #25
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Island Home
What type of rentals are currently available in Island Home?
There are currently 122 Apartments for Rent in Island Home, TN with pricing that ranges from $829 to $4,213. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Home ranging from $975 to $3,295.
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 $975 to $3,295 with an average monthly rent of $1,894.
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 $899 to $2,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,295. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $829.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.