Cheap Homes for Rent in Norwood Neighborhood of Knoxville, TN from $300 (5 Rentals)

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Search the lowest-cost Homes 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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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.

Cheapest Available Norwood Apartments for Rent

 

The cheapest available apartment rental in the Norwood area of Knoxville, TN is a Studio unit found at Bouldercrest priced from $950. Meadowood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,040. Here are the most affordable Norwood apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
BouldercrestStudioStudio,1BA$950
Meadowood Apartments1x11BR,1BA$1,040
Creek Ridge ApartmentsWren2BR,1BA$1,050

Best Value Apartments for Rent in Norwood, TN

As of May 02, 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 The William Model at Cross Creek Preserve starting at $1,504 with a $1.39 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
Cross Creek PreserveThe William2BR,1.5BA$1.39
Kinley LoftsB32BR,1.5BA$1.46
Waterford Village1 Bed 1 Bath1BR,1BA$1.55
North Park ApartmentsC23BR,1BA$1.43
Tillery Ridge Apartment Homes2x12BR,1BA$1.53
Legacy PointeVolunteer1BR,1BA$1.63
Palmer1 Bedroom1BR,1BA$1.79
Meadowood Apartments1 Bed/1 Bath (small)1BR,1BA$1.60
Creek Ridge ApartmentsCardinal1BR,1BA$1.62

Frequently Asked Questions about Norwood

What type of rentals are currently available in Norwood?

There are currently 46 Apartments for Rent in Norwood, TN with pricing that ranges from $950 to $3,297. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood ranging from $325 to $2,870.

What is the current price range for Rental Homes in Norwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Norwood ranges from $325 to $2,870 with an average monthly rent of $1,564.

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

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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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Knoxvilles College Scene: An Experts 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.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.