Cheap Homes for Rent in Island Home Neighborhood of Knoxville, TN from $800 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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 Morningside Gardens Apartments priced from $935. Evergreen Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. Here are the most affordable Island Home apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
Evergreen TerraceOne Bedroom Remodel1BR,1BA$985
Southmont ApartmentsTwo Bedroom2BR,1BA$1,000
The DandridgeTwo Bedroom - One Bath2BR,1BA$1,100
Gardens at Knoxwood2X12BR,1BA$1,199

Best Value Apartments for Rent in Island Home, TN

As of July 24, 2025 the best value apartment in the Island Home area is the $1.75 price per square foot The French Broad Model at Rivers Edge Apartments in the in the North Knoxville neighborhood starting from $2,351. The second greatest value Island Home apartment is the The Mod Model at The Henley starting at $1,919 with a $1.74 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.
Rivers Edge ApartmentsThe French Broad3BR,2BA$1.75
The HenleyThe Mod2BR,2BA$1.74
The DandridgeThree Bed One Bath - UPG3BR,1BA$1.60
Red Bud Apartments2Bd/1.5Ba2BR,1.5BA$1.50
First Creek at Austin2 BR2BR,1BA$1.48
The DavyB22BR,2BA$1.81
2436 Belvedere Ave, Unit 2436 Belvedere Unit 12436 Belvedere Ave2BR,1.5BA$1.80
Gardens at Knoxwood2X12BR,1BA$1.73
Evergreen TerraceOne Bedroom Remodel1BR,1BA$1.70
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71

Quick 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.

decorative image of people with a giant lease agreement

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 $800 to $7,888. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Home ranging from $845 to $4,400.

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 $845 to $4,400 with an average monthly rent of $1,955.

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 $3,468, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,975 and Four Bedroom Apartments start at $899.

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.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.