Cheap Apartments for Rent in the South Waterfront Neighborhood of Knoxville, TN from $700 (23 Rentals)

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

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
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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 Knox (old)
3 to 5 Bedroom Apartments

The Knox (old)

1511 W Clinch AveKnoxville, TN 37916
Student Housing
  • Utilities Included
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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
  • 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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Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included

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 Studio unit found at Highland Terrace Communities priced from $925. Maplehurst has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,124. Here are the most affordable South Waterfront apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Highland Terrace CommunitiesHighland Terrace EfficiencyStudio,1BA$925
Maplehurst1 Bedroom1BR,1BA$1,124
Highland Avenue ApartmentsTop Floors2BR,1BA$1,400
City South ApartmentsOne Bedroom1BR,1BA$1,466
303 FlatsNash - SOLD OUT!!1BR,1BA$1,499

Best Value Apartments for Rent in South Waterfront, TN

As of July 25, 2025 the best value apartment in the South Waterfront area is the $1.74 price per square foot The Mod Model at The Henley in the in the South Knoxville neighborhood starting from $1,918. The second greatest value South Waterfront apartment is the B2 Model at The Davy starting at $1,609 with a $1.81 price per square foot in the North 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.
The HenleyThe Mod2BR,2BA$1.74
The DavyB22BR,2BA$1.81
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.62
Marble Alley LoftsA2 - Ade1BR,1BA$2.66
Highland Avenue Apartments1st Floor2BR,1BA$1.98
The LandingsThe Downtown- Limited Availability1BR,1BA$2.28
The TributeSHOTGUN 1 BDR1BR,1BA$2.57
Maplehurst1 Bedroom1BR,1BA$1.70
811 East DowntownThe Main1BR,1BA$2.44
Highland Terrace CommunitiesHighland Terrace EfficiencyStudio ,1BA$2.64

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Pet Friendly Lifestyle
South Waterfront, Knoxville, TN

Ranked #37

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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!

Getting Around the South Waterfront Neighborhood in Knoxville, TN

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

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 $1,846.

What is the price of a cheap apartment in South Waterfront?

The cheapest apartment in South Waterfront is Maplehurst which is listed at $1,124, while the average apartment in South Waterfront costs $2,400.

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 52 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 $1,445 which is $955 cheaper than the average rent for all rentals in South Waterfront.

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.