Cheap Apartments for Rent in the Old City Neighborhood of Knoxville, TN from $600 (62 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old City 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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property at 1928 Vermont Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1928 Vermont Ave

KnoxvilleTN37921

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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property at 1507 Highland Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

4 Bedroom, 2 Bath Condo for Rent

Available Jul 1

1507 Highland Ave, Unit #B402, Unit #B402

1507 Highland Ave
KnoxvilleTN37916
property at 1700 Clinch Ave

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

Studio, 1 Bath Condo for Rent

Available Jun 1

1700 Clinch Ave

KnoxvilleTN37916

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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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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1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916
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316 James Agee St
2 Bedroom Apartments

316 James Agee St

316 James Agee StKnoxville, TN 37916
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White Avenue Apartments
1 Bedroom Apartments

White Avenue Apartments

1303 White AveKnoxville, TN 37916
Student Housing
  • Utilities Included
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Hillwood Villas
1 to 2 Bedroom Apartments

Hillwood Villas

1642 Hillwood DrKnoxville, TN 37920
  • Utilities Included
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612 South Studios
Studio Apartments

612 South Studios

612 Gertrude AveKnoxville, TN 37920
Corporate Housing
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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
  • Utilities Included

Knoxville Living: Mapping Your Next Apartment Near the City's Biggest Businesses

Looking for a rental in Knoxville? Our guide breaks down 20+ neighborhoods with affordable housing, great schools, and easy access to job opportunities across Knox County.

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Showing Results 1-50, Page 1 of 2

Old City, Knoxville, TN Local Guide

Cheapest Available Old City Apartments for Rent

 

The cheapest available apartment rental in the Old City area of Knoxville, TN is a 2 Beds unit found at Tradition Knoxville priced from $799. Society 865 has the second lowest priced unit, which is a 3 Beds apartment currently listed from $799. Here are the most affordable Old City apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Tradition KnoxvilleSpence2BR,1BA$799
Society 8653SA - Sigma3BR,2BA$799
16th Place ApartmentsOne Bedroom1BR,1BA$880
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$945
Commons at KnoxvilleD1 Renovated4BR,2BA$950
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$950
The Mark KnoxvilleE1 - 5x55BR,5BA$950
The Shiloh Ridge Apartments2 Bed2BR,1BA$999
Oak Crest ApartmentsTwo Bedroom2BR,2BA$1,000
MaplehurstEfficiencyStudio,1BA$1,025

Best Value Apartments for Rent in Old City, TN

As of May 13, 2026 the best value apartment in the Old City area is the $1.32 price per square foot 2-bedroom Model at Emporium Lofts in the in the West Knoxville neighborhood starting from $1,900. The second greatest value Old City 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 Old City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emporium Lofts2-bedroom2BR,1BA$1.32
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.83
Slate at 9014x2B4BR,2BA$0.93
Southside Flats3A Type B 60% PBV3BR,2BA$1.57
The DandridgeThree Bed One Bath - UPG3BR,1BA$1.60
The Shiloh Ridge Apartments3 bed3BR,1BA$1.39
Overlook at Beaumont Western 1 LP2 Bedroom - Market2BR,2BA$1.66
University Walk | Student Housing2 Bed - 2 Bath2BR,2BA$1.40
Tradition KnoxvilleSpence2BR,1BA$1.07
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$1.46

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.

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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.

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Real 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.

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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 Lifestyle
Old City, Knoxville, TN

Ranked #9

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Tennessee and customized analysis for Knoxville, Tennessee. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Old City Apartments

What is a cheap apartment in Old City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old City is under $1,025.

What is the price of a cheap apartment in Old City?

The cheapest apartment in Old City is 16th Place Apartments which is listed at $880, while the average apartment in Old City costs $1,833.

What types of apartments are the cheapest in Old City?

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 252 regular apartments in Old City 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 Old City?

Cheap apartments in Old City have an average cost of $1,302 which is $531 cheaper than the average rent for all rentals in Old City.

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 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.

decorative image for Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses article

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.