Cheap Apartments for Rent in the Norwood Neighborhood of Knoxville, TN from $500 (27 Rentals)

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

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.

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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.

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Pine Ridge Apartments
1 to 3 Bedroom Apartments

Pine Ridge Apartments

4700 Schubert RdKnoxville, TN 37912
  • Utilities Included
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Pleasant Terrace
1 to 3 Bedroom Apartments

Pleasant Terrace

4601 Pleasant Ridge RdKnoxville, TN 37912
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Rand Sylvia
1 to 2 Bedroom Apartments

Rand Sylvia

160 Sylvia DrKnoxville, TN 37912
  • Utilities Included
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Callahan Flats
2 to 3 Bedroom Apartments

Callahan Flats

1511 Callahan DrKnoxville, TN 37912
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1315 Lucy Way

$1,800

2 Bedroom Rentals

Available Now

1315 Lucy Way

KnoxvilleTN37912
Showing Results 1-27, Page 1 of 1

Cheapest Available Norwood Apartments for Rent

 

The cheapest available apartment rental in the Norwood area of Knoxville, TN is a 1 Bed unit found at Oakview Apartments priced from $920. Bouldercrest has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Norwood apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Oakview Apartments1-bedroom1BR,1BA$920
BouldercrestStudioStudio,1BA$950
Steeplechase Apartment HomesA1 - 1 Bedroom, 1 Bathroom1BR,1BA$1,049
Creek Ridge ApartmentsWren2BR,1BA$1,050
Altitude @ 6313Studio Elevation 3000Studio,1BA$1,099
North Park ApartmentsB32BR,1BA$1,220
Meadowood Apartments2 Bedroom 1.5 Bathroom Apartment2BR,1BA$1,260
Palmer1 Bedroom1BR,1BA$1,299
Kinley LoftsB32BR,1BA$1,415
Waterford Village2 Bed 1.5 Bath Townhome2BR,1BA$1,529

Best Value Apartments for Rent in Norwood, TN

As of July 12, 2026 the best value apartment in the Norwood area is the $1.42 price per square foot Pleasant Stables Model at Pleasant Ridge Stables in the in the West Knoxville neighborhood starting from $2,150. The second greatest value Norwood apartment is the 3 Bed 2 Bath Model at Waterford Village starting at $1,790 with a $1.49 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for Norwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pleasant Ridge StablesPleasant Stables3BR,2.5BA$1.42
Waterford Village3 Bed 2 Bath3BR,2BA$1.49
Legacy PointeSmokey2BR,2BA$1.36
Kinley LoftsB32BR,1.5BA$1.42
Meadowood Apartments2 Bedroom 1.5 Bathroom Apartment2BR,1.5BA$1.26
Sunrise Ridge2BR-D2BR,2BA$1.83
North Park ApartmentsB32BR,1BA$1.66
Palmer1 Bedroom1BR,1BA$1.79
Creek Ridge ApartmentsCardinal1BR,1BA$1.62
Oakview Apartments1-bedroom1BR,1BA$1.42

Frequently Asked Questions about Cheap Norwood Apartments

What is a cheap apartment in Norwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Norwood is under $1,529.

What is the price of a cheap apartment in Norwood?

The cheapest apartment in Norwood is Oakview Apartments which is listed at $920, while the average apartment in Norwood costs $1,775.

What types of apartments are the cheapest in Norwood?

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 16 regular apartments in Norwood 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 Norwood?

Cheap apartments in Norwood have an average cost of $592 which is $1,183 cheaper than the average rent for all rentals in Norwood.

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

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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.