Cheap Apartments for Rent in the Old City Neighborhood of Knoxville, TN from $600 (42 Rentals)

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

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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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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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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1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916
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16th Place Apartments
1 to 3 Bedroom Apartments

16th Place Apartments

1539-1543 Highland AveKnoxville, TN 37916
Student Housing
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316 James Agee St
2 Bedroom Apartments

316 James Agee St

316 James Agee StKnoxville, TN 37916

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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Hillwood Villas
1 to 2 Bedroom Apartments

Hillwood Villas

1642 Hillwood DrKnoxville, TN 37920
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White Avenue Apartments
1 Bedroom Apartments

White Avenue Apartments

1303 White AveKnoxville, TN 37916
Student Housing
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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
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The Highland On Laurel
1 Bedroom Apartments

The Highland On Laurel

1533 Laurel AveKnoxville, TN 37916
Student Housing
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The Flats at The Pike
1 to 2 Bedroom Apartments

The Flats at The Pike

1501 Washington PikeKnoxville, TN 37917
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Sterchi's Lofts
Studio to 4 Bedroom Apartments

Sterchi's Lofts

116 S Gay StKnoxville, TN 37902
  • Utilities Included

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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The Highland V
2 to 3 Bedroom Apartments

The Highland V

1523 Highland AveKnoxville, TN 37916
Student Housing
Showing Results 1-42, 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. The Landings 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
Society 8653SA - Sigma3BR,2BA$799
The LandingsThe Tennessee- Limited Availability3BR,2BA$799
Tradition KnoxvilleSpence2BR,1BA$799
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
The Mark KnoxvilleE1 - 5x55BR,5BA$935
The Shiloh Ridge Apartments2 Bed2BR,1BA$950
Commons at KnoxvilleC13BR,2BA$959
Evergreen TerraceOne Bedroom remodel1BR,1BA$985
Overlook at Beaumont1 Bedroom Tax Credit Income Restricted1BR,1BA$1,027
Southside Flats1A Type B 60%1BR,1BA$1,054

Best Value Apartments for Rent in Old City, TN

As of November 03, 2025 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 1920 Grand Ave Model at 1920 Grand Ave, Unit 101 starting at $1,390 with a $1.16 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.
Emporium Lofts2-bedroom2BR,1BA$1.32
1920 Grand Ave, Unit 1011920 Grand Ave3BR,3BA$1.16
Slate at 9014x2B4BR,2BA$1.04
Highland Terrace CommunitiesHighland Terrace 2 Bed 2 Bath Small2BR,2BA$1.50
First Creek at Austin2 BR2BR,1BA$1.48
The DandridgeTwo Bedroom - One Bath2BR,1BA$1.33
519 E Churchwell Ave, Unit 1519 E Churchwell Ave2BR,1BA$1.50
Tradition KnoxvilleSpence2BR,1BA$1.07
The Shiloh Ridge Apartments1 Bed1BR,1BA$1.59
Southside Flats1A Type B 60%1BR,1BA$1.58

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 #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!

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 $1,054.

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

The cheapest apartment in Old City is Morningside Gardens Apartments which is listed at $935, while the average apartment in Old City costs $10,720.

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 356 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 $1,264 which is $9,456 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.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.