Cheap Apartments for Rent in the South Waterfront Neighborhood of Knoxville, TN from $700 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee

Discover why Knoxville, Tennessee is one of the South's best places to rent. Explore top neighborhoods, universities, restaurants, and everything the city has to offer.

close
View Me
1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

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

316 James Agee St

316 James Agee StKnoxville, TN 37916
close
View Me
612 South Studios
Studio Apartments

612 South Studios

612 Gertrude AveKnoxville, TN 37920
Corporate Housing
close
View Me
White Avenue Apartments
1 Bedroom Apartments

White Avenue Apartments

1303 White AveKnoxville, TN 37916
Student Housing
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

close
View Me
Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
  • Utilities Included
close
View Me
Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included
close
View Me
1501 Clinch Ave
2 Bedroom Apartments

1501 Clinch Ave

1501 Clinch AveKnoxville, TN 37916

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.

South Waterfront, Knoxville, TN Local Guide

Cheapest Available South Waterfront Apartments for Rent

 

The cheapest available apartment rental in the South Waterfront area of Knoxville, TN is a 2 Beds unit found at Oak Crest Apartments priced from $1,000. 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 ListingModel NameBed/BathPriced From
Oak Crest ApartmentsTwo Bedroom2BR,2BA$1,000
MaplehurstEfficiencyStudio,1BA$1,025
Southside Flats1A Type B 60%1BR,1BA$1,095
City South ApartmentsStudio - 6121BR,1BA$1,120
811 East DowntownThe Main1BR,1BA$1,595

Best Value Apartments for Rent in South Waterfront, TN

As of July 22, 2026 the best value apartment in the South Waterfront area is the $0.83 price per square foot Two Bedroom Model at Oak Crest Apartments in the in the North Knoxville neighborhood starting from $1,000. The second greatest value South Waterfront apartment is the 3x2 By the Bedroom Model at The Landings starting at $899 with a $0.78 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Oak Crest ApartmentsTwo Bedroom2BR,2BA$0.83
The Landings3x2 By the Bedroom3BR,2BA$0.78
The HenleyUrban2BR,2BA$1.52
One RiverwalkA81BR,1BA$3.05
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.46
The TributeLARGE 1 BDR1BR,1BA$2.61
Marble Alley LoftsA1 - Marley1BR,1BA$3.34
Southside Flats1A Type B 60%1BR,1BA$1.64
811 East DowntownThe Main1BR,1BA$2.44
Flagship Kern's ApartmentsAcademic Year 2026 - 2027 - A11BR,1BA$2.69

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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 the price of a cheap apartment in South Waterfront?

The cheapest apartment in South Waterfront is Southside Flats which is listed at $1,095, while the average apartment in South Waterfront costs $2,278.

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 80 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 $1,440 which is $838 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.

Helpful Local Expert Guides

decorative image for Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee article

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee

Written by: Wendy Melton

Knoxville, Tennessee, is a jewel in the heart of the South. Many travelers who pass through often return again and again because of the hospitality and friendliness of local residents.

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.

decorative image for Knoxvilles College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting article

Knoxvilles College Scene: An Expert's 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 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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.