
Cheap Apartments for Rent in the South Waterfront Neighborhood of Knoxville, TN from $700 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Waterfront area of Knoxville.


1105 Tree Top Way

1106 Tree Top Way

3831 Cherokee Woods Way

1121 Tree Top Way

3708 Spruce Ridge Way
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.

3914 Cherokee Woods Way

Total Monthly Price
3831 Cherokee Woods Way, Unit #203

3825 Cherokee Woods Way

Highland Terrace Communities

Oak Crest Apartments

Total Monthly Price
1402 Grand Ave, Unit C
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.

612 South Studios

Maplehurst

City South Apartments

1211 Highland Ave, Unit 302

1309 Forest Ave

316 James Agee St
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.

White Avenue Apartments

Southside Flats

Chapman Square Apartments

Hidden Ridge Apartments

2518 Jones St

Young High Flats
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.

The Medical Arts Building
South Waterfront, Knoxville, TN Local Guide

How much does it cost to rent an apartment in South Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Waterfront Studio Apartments | $1,260 | $925 | $2,105 |
| South Waterfront 1 Bedroom Apartments | $1,663 | $825 | $4,100 |
| South Waterfront 2 Bedroom Apartments | $2,175 | $855 | $4,800 |
| South Waterfront 3 Bedroom Apartments | $2,141 | $700 | $4,275 |
| South Waterfront 4 Bedroom Apartments | $1,118 | $1,015 | $1,448 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the South Waterfront Neighborhood of Knoxville, TN.
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South Waterfront, Knoxville, TN Local Guide
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Cheapest Available South Waterfront Apartments for Rent
 The cheapest available apartment rental in the South Waterfront area of Knoxville, TN is a 3 Beds unit found at Oak Crest Apartments priced from $950. Maplehurst has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable South Waterfront apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Crest Apartments | Three Bedroom | 3BR,2BA | $950 |
| Maplehurst | Efficiency | Studio,1BA | $1,025 |
| City South Apartments | Studio | 1BR,1BA | $1,307 |
| The Henley | Metro | 1BR,1BA | $1,406 |
| One Riverwalk | A1 | 1BR,1BA | $1,457 |
Best Value Apartments for Rent in South Waterfront, TN
As of March 05, 2026 the best value apartment in the South Waterfront area is the $0.81 price per square foot Two Bedroom Model at Oak Crest Apartments in the in the North Knoxville neighborhood starting from $975. The second greatest value South Waterfront apartment is the The Volunteer - Full Apartment Model at The Landings starting at $2,250 with a $2.50 price per square foot in the East Knoxville neighborhood. Here is today’s list of the best values for South Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.81 |
| The Landings | The Volunteer - Full Apartment | 2BR,2BA | $2.50 |
| The Henley | Metro | 1BR,1BA | $1.76 |
| Livano Knoxville | A2 | 1BR,1BA | $2.99 |
| South Banks at Suttree Landing | 1 Bedroom | 1BR,1BA | $2.41 |
| The Scene at 2300 | Two Bedroom / One Bath | 2BR,1BA | $2.25 |
| Flagship Kerns | A2 | 1BR,1BA | $2.72 |
| 811 East Downtown | The Main | 1BR,1BA | $2.47 |
| 1402 Grand Ave, Unit C | 1402 Grand Ave | 1BR,1BA | $1.58 |
| City South Apartments | Studio | 1BR,1BA | $2.30 |
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Lifestyle Ratings
Our team works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Knoxville. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, apartment communities for the kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap South Waterfront Apartments
What is a cheap apartment in South Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Waterfront is under $1,599.
What is the price of a cheap apartment in South Waterfront?
The cheapest apartment in South Waterfront is City South Apartments which is listed at $1,307, while the average apartment in South Waterfront costs $2,125.
What types of apartments are the cheapest in South Waterfront?
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 154 regular apartments in South Waterfront 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 South Waterfront?
Cheap apartments in South Waterfront have an average cost of $1,123 which is $1,002 cheaper than the average rent for all rentals in South Waterfront.
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.
Articles, How-To's, and Tips

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.