Cheap Apartments for Rent in the Old City Neighborhood of Knoxville, TN from $600 (39 Rentals)

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

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Hillwood Villas
1 to 2 Bedroom Apartments

Hillwood Villas

1642 Hillwood DrKnoxville, TN 37920
  • Utilities Included
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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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The Flats at The Pike
1 to 2 Bedroom Apartments

The Flats at The Pike

1501 Washington PikeKnoxville, TN 37917
  • Utilities Included
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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
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Highland Terrace IV
1 to 2 Bedroom Apartments

Highland Terrace IV

2329-2343 Highland AveKnoxville, TN 37916
Student Housing
  • Utilities Included
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The Highland On Laurel
1 Bedroom Apartments

The Highland On Laurel

1533 Laurel AveKnoxville, TN 37916
Student Housing
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Sterchi's Lofts
Studio to 4 Bedroom Apartments

Sterchi's Lofts

116 S Gay StKnoxville, TN 37902
  • Utilities Included
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The Highland V
2 to 3 Bedroom Apartments

The Highland V

1523 Highland AveKnoxville, TN 37916
Student Housing
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Gardens at Knoxwood
2 to 3 Bedroom Apartments

Gardens at Knoxwood

2627 Wimpole AveKnoxville, TN 37914
  • Utilities Included
Showing Results 1-39, Page 1 of 1

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 3 Beds unit found at Society 865 priced from $799. Evergreen Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Old City apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Society 8653SA - Sigma3BR,2BA$799
Evergreen TerraceOne Bedroom1BR,1BA$900
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
City South ApartmentsStudio - 612Studio,1BA$966
Commons at KnoxvilleC13BR,2BA$1,070
MaplehurstStudiosStudio,1BA$1,090
The DandridgeTwo Bedroom - One Bath2BR,1BA$1,100
The Standard at KnoxvillePeerless 3 - 4Br, 4Ba4BR,4BA$1,100

Best Value Apartments for Rent in Old City, TN

As of June 18, 2025 the best value apartment in the Old City area is the $1.64 price per square foot 2x2.5 Model at Sutherland Loft Townhouses in the in the West Knoxville neighborhood starting from $2,300. The second greatest value Old City apartment is the D6 Model at Union Knoxville starting at $1,430 with a $1.17 price per square foot in the West 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.
Sutherland Loft Townhouses2x2.52BR,2.5BA$1.64
Union KnoxvilleD64BR,4BA$1.17
401 E Scott Ave, Unit 401-1401 E Scott Ave2BR,1BA$1.50
First Creek at Austin2 BR2BR,1BA$1.48
The HenleyThe Sterling1BR,1BA$1.50
1703 E 5th Ave, Unit 21703 E 5th Ave1BR,1BA$1.28
The DandridgeTwo Bed OneBath - UPG2BR,1BA$1.58
Nova KnoxvilleFrisco B2BR,2BA$1.72
Evergreen TerraceOne Bedroom1BR,1BA$1.53
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.

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Pet Friendly Lifestyle
Old City, Knoxville, TN

Ranked #11

Among neighborhoods in Knoxville, TN 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!

Getting Around the Old City Neighborhood in Knoxville, TN

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

60 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,100.

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

The cheapest apartment in Old City is Evergreen Terrace which is listed at $900, while the average apartment in Old City costs $2,411.

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 121 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 $1,092 which is $1,319 cheaper than the average rent for all rentals in Old City.

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.

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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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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.

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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.

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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.